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Pembroke Square hotel set to open in 2027, two years late
The seven-story Tempo by Hilton hotel being planned for Virginia Beach’s Pembroke Square development, is expected to open in 2027 — about two years later than originally announced. Developers on Tuesday revealed the new construction timeline of the hotel, along with several other updates on the $200 million redevelopment of the former Pembroke Mall, including […]
Them’s the brakes
Total compensation for S&P 500 CEOs nationwide last year marked its smallest year-over-year increase since 2015, with pay increasing 0.9% from 2021. Here in Virginia, CEOs faced even greater headwinds — their total pay increased just 0.3% from 2021 to 2022, down from a 4.9% increase between 2020 and 2021. The slowdown was a result […]
Hospitality | Tourism 2023: CHRISTOPHER J. NASSETTA
Nassetta is the longtime president and CEO of one of the world’s largest hospitality companies. Hilton has a portfolio of 7,200 properties and 19 brands in 122 countries and territories, including high-end hotels Waldorf Astoria and Conrad and mid-level chains such as Doubletree by Hilton. Nassetta joined Hilton in 2007 after investment firm Blackstone acquired […]
Hilton CEO Nassetta to chair U.S. Travel Association
The U.S. Travel Association elected Christopher J. Nassetta, president and CEO of McLean-based Hilton Worldwide Holdings Inc., as its national chair. The Washington, D.C.-based association, which represents the interests of more than 1,000 industry organizations, announced Nassetta’s election Thursday. As national chair, he will lead the association’s executive board and board of deleg[...]
Stairway to heaven
Nationally, CEO pay in 2021 reached historic highs for the second year in a row, and Virginia was no exception to this trend. The CEOs of Virginia’s largest publicly traded companies were rewarded handsomely last year, with CEO compensation rising 4.9% year-over-year to an average $8.467 million compensation package, compared with $8.068 million in 2020. […]
Hilton will expand global HQ in Fairfax
Hilton Worldwide Holdings Inc. will expand its Fairfax County corporate headquarters, creating 350 jobs over the next five years, Gov. Glenn Youngkin announced Thursday. Over the next five years, the Fortune 1000 global hospitality company will add a variety of roles in areas created to support growth in the coming years, according to a Hilton […]
Summer dreams
Tournaments at the Virginia Beach Sports Center. Events at the Virginia Beach Convention Center. A busy Oceanfront boardwalk. That was the scene in Virginia Beach during just one weekend in mid-March. And it was the perfect “prelude” to the summer travel season, says John Zirkle, general manager of the DoubleTree by Hilton Virginia Beach. “The […]
