PARK RIDGE, N.J., Nov. 18, 2013 /PRNewswire/ --The Hertz Corporation (NYSE: HTZ) today announced building plans for its new global headquarters campus in Estero, Florida, at the intersection of US Route 41 and Williams Road. The world-class, LEED-certified headquarters building design incorporates the key elements of Hertz's global rebranding initiative. Several campus structures and details incorporate Tuscan and Mediterranean elements, as a result of collaboration with community leaders.
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"The new headquarters will be a highly sustainable and efficient world-class building, enabling us to create a best-in-class work environment for our employees. We believe the building will help us recruit top talent locally and nationally, while supporting cultural change at Hertz," said Mark P. Frissora, Chairman and Chief Executive Officer. "The campus design will be the primary example of our global rebranding program, and also reflects input from Estero community leaders. The Estero campus, when completed, will achieve our original goal of bringing together Hertz, Dollar and Thrifty headquarters employees in one location. Additionally, we believe our headquarters campus will help Southwest Florida realize its long-term economic development aspirations," Frissora added.
A highlight of Hertz's global rebranding effort is the company commitment to minimizing its environmental footprint through efficiency improvements, resource management and renewable energy production. The new headquarters facilities will use best practices in sustainable design and construction targeted to achieve LEED Gold certification - from energy-efficient lighting and equipment, and recycled building materials and finishes, to the installation of solar panels and water-saving fixtures.
Hertz worked with local community groups to ensure their feedback and participation in the design process. The headquarters will incorporate Mediterranean influence for plantings, pavers and security features, as well as other structures on the campus. The building height is 10 percent lower than allowed by zoning. A bus stop has been added per resident request, and resident impact has been minimized as a result of the main entrance location on Williams Road.
The building design focuses on quality and collaborative workspaces, natural day lighting and leading edge office design consistent with industry best practices.
In May, Hertz announced its decision to relocate its headquarters to Estero following its November 2012 acquisition of the Dollar Thrifty Automotive Group, headquartered in Tulsa, Oklahoma. Consolidating the corporate offices to one location will allow for increased efficiencies and cost synergies across the company and Estero proved to be the right location to blend Hertz and Dollar Thrifty head office employees.
Hertz will bring approximately 700 jobs to the area, estimating that 400 headquarter jobs could be filled locally, with approximately 300 positions being filled by Hertz employees relocating to the area. The company selected a site at the intersection of U.S. 41 and Williams Road in Estero, Florida for the location of its new headquarters building. As of October 2013, Hertz established a temporary headquarter operations in Naples, Florida, while the Estero building is under construction.
About Hertz
Hertz Global Holdings, through its subsidiary The Hertz Corporation ("Hertz," the "Company" or "we"), operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,460 corporate, licensee and franchisee locations in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,960 corporate and licensee locations in approximately 150 countries. Our Dollar and Thrifty brands have approximately 1,500 corporate and franchisee locations in 85 countries. Our Hertz brand name is one of the most recognized in the world, signifying leadership in quality rental services and products. We are one of the only car rental companies that has an extensive network of company-'operated rental locations both in the United States and in all major European markets. We believe that we maintain the leading airport car rental brand market share, by overall reported revenues, in the United States and at 120 major airports in Europe where we have company-'operated locations and where data regarding car rental concessionaire activity is available. We believe that we also maintain the second largest market share, by overall reported revenues, in the off-airport car rental market in the United States. In our equipment rental business segment, we rent equipment through approximately 340 branches in the United States, Canada, France, Spain, China and Saudi Arabia, as well as through our international licensees. We and our predecessors have been in the car rental business since 1918 and in the equipment rental business since 1965. We also own Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.
SOURCE The Hertz Corporation
