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TheStreet Open House

Hertz Breaks Ground On Its Global Headquarters In Estero, Florida

Stocks in this article: HTZ

For the project, Hertz has employed Turner Construction, a leader in sustainable construction that has been building in Florida for 105 years, as well as Gensler, the global leader in corporate headquarters design.

In May 2013, Hertz announced that it would move its global headquarters to Estero, Florida following its November 2012 acquisition of the Dollar Thrifty Automotive Group. Construction will begin on a site at the intersection of U.S. 41 and Williams Road in Estero, Florida. As of November 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

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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