Expedia Inc. To Relocate Its Seattle, Washington, Headquarters
According to the firm, the purchase price for the property is $228.9 million, with the transaction expected to close in the second quarter of 2015. Expedia’s plan includes a new modern design for 750,000 square feet of existing buildings with additional land available for future expansion.
"It has been a tough decision to leave Bellevue, which has been a welcoming and supportive home to Expedia for many years," said Dara Khosrowshahi, CEO, Expedia, Inc. "Owning an iconic waterfront headquarters will position us well in the competition for top talent and aligns with the work hard, play hard culture that defines Expedia. We are thrilled to make Seattle our permanent home with a new headquarters befitting the growing global technology company we are."
"We are highly supportive of Seattle's commitment to attract and grow the pool of highly-qualified talent in the area and we're excited to continue to be part of King County's technology-based economy,” Khosrowshahi added.
"We're delighted that Expedia is moving to Seattle," said Ed Murray, Mayor of Seattle. "We look forward to working with Expedia to ensure we have a thoughtful, strategic plan to integrate them seamlessly into the neighborhood and are pleased that they've chosen this beautiful campus as their long-term home."
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