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The company is aiming to move to its new London office in January 2012. The new space will give it access to more space as well as state-of-the-art technology and more local amenities, Expedia said.
More than 600 employees will make the move to the new site, which boasts 80,000 square feet of office space. The office will also support Expedia-branded sites such as Hotels.com, which has expanded significantly of late.
David Roche, president of Hotels.com and Venere, said: “We have only been in our present offices for 3 years, our teams have been growing and we just need more room. Our new offices will allow us to add several hundred employees as we continue to expand.
“The Expedia group makes a significant contribution to the economic well-being of London. Expedia Inc customers book approximately 5,000 rooms every single day in London and this equates to approximately GBP 300m spent on hotels and hotel extras in the city annually.
“We chose Angel because of this great building – it’s central and well-designed.”
Roche added that the company have a high number of staff living in the vicinity of Islington and that the company’s international employees would enjoy “the lively and cosmopolitan nature of the local environment”.
London Mayor Boris Johnson said that Expedia’s expansion in London “clearly demonstrates our dominance as a top-class city”.
He added: “Global firms are investing here because it is simply the best place in the world to do business and, with the international focus ahead of next year’s 2012 Games, we will be pushing hard to lure more and more of the biggest and best businesses to our great city.”
Editor’s notes: As of June 2023, Expedia had expanded into the entirety of the office space element of The Angel building and had signed agreements that expired in 2030.
Expedia regeared its original lease in 2017 and then occupied 93% of the property. At the same time, the company agreed to take on the lease of the only other tenant, Cancer UK, when it moved out in 2019.
As of June 2023, The Angel Building on St John Street EC1 was valued between £200 and £300 million.