ESRT Expands Priceline's Agoda to Full Floor at Empire State Building

NEW YORK, Aug. 9, 2017 /PRNewswire/ -- Empire State Realty Trust (NYSE: ESRT) has signed a lease to expand Priceline's Agoda to a ­27,000 sq. ft. full-floor office lease at the Empire State Building.

"We are thrilled that Agoda, has expanded to a full floor with us and extended its lease at the Empire State Building.   Our Urban Campus amenities and services, along with our full Empire State ReBuilding has created a building which serves 21^st Century's leading businesses," said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. "Agoda represents the 120^th lease expansion within our portfolio since our IPO less than four years ago."

Agoda is Priceline's Asian online hotel-booking service that provides accommodations to travelers in more than 20 countries. Agoda employs more than 2,500 travel professionals as part of the Priceline Group, the largest seller of rooms online.

Deborah van der Heyden, Paul Ferraro and Matt Livingston of JLL represented Agoda in the lease negotiations. Landlord representation was provided by Fred Posniak and Shanae Ursini of ESRT, along with Paul Glickman, Jonathan Fanuzzi, Simon Landmann, Kip Orban and Harley Dalton of JLL.

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of June 30, 2017, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by use of the words "assumes," "believes," "estimates," "expects," "intends," "plans," "projects" and similar expressions that do not relate to historical matters. You should exercise caution in relying on forward-looking statements, because they involve risks, uncertainties and other factors which are, in some cases, beyond ESRT's control and could materially affect actual results.  Such factors and risks include, without limitation, a failure of conditions or performance regarding any event or transaction described above, regulatory changes, and other risks and uncertainties described from time to time in ESRT's filings with the SEC.  Except as may be required by law, ESRT does not undertake a duty to update any forward-looking statement.

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SOURCE Empire State Realty Trust, Inc.