The purchase price for the property is $228.9 million and the transaction is expected to close in the second quarter of 2015.
BELLEVUE, WASH. – Expedia, Inc. announced plans to purchase Amgen‘s multi-building, waterfront campus in the City of Seattle and move its headquarters to the new space by 2018.
Expedia’s plans for the 40-acre campus include a new modern design for 750,000 square feet of existing buildings with additional land available for future expansion. Expedia’s new home features spectacular views of downtown Seattle, Mt. Rainier, the Puget Sound and the Olympic Mountains, along with outdoor recreational areas, onsite dining options and a state-of-the-art fitness facility.
“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, Chief Executive Officer, 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.”
Khosrowshahi added, “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.”
“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.”
The purchase price for the property is $228.9 million and the transaction is expected to close in the second quarter of 2015.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
