CitizenM

Last updated
citizenM Hotels
Privately held
IndustryHospitality, hotel mixed-use development, hotel investment, hotel operator, hotel technology company
Founded Amsterdam, Netherlands (2005)
Founder Rattan Chadha
Headquarters
Leidseweg 219, Voorschoten 2253 AE
,
Netherlands
Number of locations
31
ServicesHotels
Owner GIC Private Limited, APG
Website www.citizenm.com

citizenM is a Netherlands-based, global hotel developer, investor, and hotel chain. It opened its first hotel at Amsterdam Schiphol Airport in 2008. Its first overseas hotel in Glasgow opened in 2010, followed by London in 2012. [1] citizenM has since expanded its portfolio across North America, Europe and Asia. [2]

Contents

Company

citizenM was founded by Rattan Chadha [3] in 2005. [4] The branding and logo were designed by KesselsKramer. [5]

In March 2019, GIC Private Limited acquired a 25% stake in citizenM, valuing the company at $2.3 billion. [6] APG, GIC, and KRC have committed to invest a further $847 million of equity for future expansion. [7]

In March 2024, reporting indicated that citizenM's owners were exploring business options with the help of Morgan Stanley and Eastdil Secured, which may include a potential sale valued at approximately €4bn [8]

Hotel architecture

A room in the CitizenM hotel in Rome Room in the CitizenM hotel Rome November 2024.jpg
A room in the CitizenM hotel in Rome

citizenM hotels embrace the International Style, having large glass windows and black metal cladding, making use of off-site modular construction for many of the components. [9] Some of the locations make use of large scale public art, such as by Julian Opie at Paris Charles de Gaulle Airport.

Locations

citizenM currently operates 34 hotels across North America, Europe, and Asia, with 2 new hotels under development. [10] The original hotel at Schiphol Airport in Amsterdam was opened in 2008 and was designed by the Dutch architectural company Concrete. [11] The second hotel opened in Amsterdam's city centre in 2009, and was awarded a Fodor's 100 Hotel Award for Design in 2011. [12]

Related Research Articles

<span class="mw-page-title-main">Amsterdam Airport Schiphol</span> Major airport in the Netherlands

Amsterdam Airport Schiphol, known informally as Schiphol Airport, is the main international airport of the Netherlands, and is one of the major hubs for the SkyTeam airline alliance. It is located 9 kilometres southwest of Amsterdam, in the municipality of Haarlemmermeer in the province of North Holland. It is the world's third busiest airport by international passenger traffic in 2023. With almost 72 million passengers in 2019, it is the third-busiest airport in Europe in terms of passenger volume and the busiest in Europe in terms of aircraft movements. With an annual cargo tonnage of 1.74 million, it is the 4th busiest in Europe. AMS covers a total area of 6,887 acres of land. The airport is built on the single-terminal concept: one large terminal split into three departure halls.

Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across South America, North America, Europe, Asia, Africa and Australia

<span class="mw-page-title-main">Temasek (company)</span> Singaporean state-owned conglomerate

Temasek Holdings (Private) Limited is a Singaporean state-owned multinational investment firm. Incorporated on 25 June 1974, Temasek has a net portfolio of US$288 billion as of 2024, with S$33 billion divested and S$26 billion invested during the year. Headquartered at Orchard Road, Singapore, it has 13 offices in 9 countries around the world, including in Beijing, Brussels, Hanoi, London, Mexico City, Mumbai, New York City, Paris, San Francisco, Shanghai, Shenzhen and Washington D.C.

<span class="mw-page-title-main">Blackstone Inc.</span> American alternative investment company

Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. As of May 2024, Blackstone has more than US$1 trillion in total assets under management, making it the world's largest alternative investment firm.

Accor S.A. is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. It is the largest hospitality company in Europe, and the sixth largest hospitality company worldwide.

YTL Corporation is a Malaysian conglomerate.

<span class="mw-page-title-main">GIC (sovereign wealth fund)</span> Singaporean sovereign wealth fund

GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves. Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, from which the acronym "GIC" is derived, its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns above global inflation over the investment time horizon of 20 years.

<span class="mw-page-title-main">Schiphol Group</span>

Royal Schiphol Group is a Dutch airport management company.

<span class="mw-page-title-main">Indian Hotels Company Limited</span> Hotel hospitality company

The Indian Hotels Company Limited (IHCL) is an Indian hospitality company that manages a portfolio of hotels, resorts, jungle safaris, palaces, spas and in-flight catering services. The company is part of India's Tata Group. IHCL was founded in 1902 by Jamsetji Tata and is headquartered in Mumbai where its flagship hotel Taj Mahal Palace Hotel is also located. The company's hotel chains include Taj, SeleQtions, Vivanta, and Ginger.

<span class="mw-page-title-main">The Leela</span> Indian luxury hotel chain

The Leela Palaces, Hotels and Resorts is an Indian luxury hotel chain founded in 1986 by C. P. Krishnan Nair and currently owned by Brookfield Asset Management.

<span class="mw-page-title-main">The Westin Paris – Vendôme</span> Hotel in Paris

The Westin Paris – Vendôme is a historic hotel in Paris, France at 3 rue de Castiglione on the corner of the rue de Rivoli, facing the Tuileries Garden.

<span class="mw-page-title-main">Trump National Doral Miami</span> Golf resort in Florida, United States

Trump National Doral Miami is a golf resort in Doral in South Florida in the United States. It was founded by real estate pioneer Alfred Kaskel in 1962, with the name "Doral" coming from an amalgamation of the first names of Kaskel and his wife, Doris. It currently has 72 holes of golf and its signature course is the Blue Monster at Doral.

<span class="mw-page-title-main">Jurys Inn</span>

Jurys Inn was a hotel group founded and headquartered in Ireland with operations across Ireland, the UK and the Czech Republic. It was founded in 1993 and grew to operate 31 hotels in the Great Britain, six in Ireland and one in the Czech Republic, with some 7,500 rooms between them, served by 4,000 employees.

Joie de Vivre Hospitality is a hotel and restaurant company based in San Francisco, California, and the second-largest operator of boutique hotels in the United States. Due to its ownership by Hyatt Hotels & Resorts, it is currently branded as JdV by Hyatt, under which five further sub-brands also operate.

Acuris is a British financial news and data firm known for its fixed income research provider Debtwire and Mergermarket, a specialist in M&A intelligence. It is owned by ION Investment Group, a financial software and data business which owns Fidessa and Dealogic. ION Investment Group bought the company from BC Partners, a private equity group, and GIC Private Limited, Singapore's sovereign wealth fund, in 2019.

<span class="mw-page-title-main">Starwood Capital Group</span> American private equity and investment firm

Starwood Capital Group is an investment firm headquartered in Miami Beach, Florida. It is managed by Barry Sternlicht. It was co-founded by Sternlicht and Robert Faith in 1991. In 1993, Faith left Starwood to found Greystar Real Estate Partners.

<span class="mw-page-title-main">Yotel</span> Hotel chain based in the UK

Yotel is a hotel chain based in the United Kingdom. The company's main shareholders include the Al-Bahar Group, Starwood Capital Group, United Investment Portugal, and Kuwait Real Estate Company (AQARAT). The company operates under three different brands: Yotel Air, Yotel and Yotel Pad.

OYO Rooms, also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. Founded in 2012 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries.

Penta Hotels is a hotel brand with 28 hotels with this name across Europe and Asia as of 2020.

<span class="mw-page-title-main">Frasers Property</span> Multi-national real estate and property management company

Frasers Property is a Thai-Singaporean multinational real estate and property management group which develops, owns, and manages properties globally. It is owned by Thai Chinese billionaire business magnate Charoen Sirivadhanabhakdi. The group owns and manages properties in the commercial, residential, hospitality, retail and industrial and logistics sectors. Headquartered in Singapore, it trades on the Singapore Exchange Securities Trading Limited (SGX-ST). It also sponsors real estate investment trusts (REITs), including one stapled trust, two of which are also listed on the SGX-ST.

References

  1. "Go Dutch in Bankside". Conde Nast Traveller. July 2012. Retrieved 18 February 2013.
  2. "Portfolio & Rollout: Meet the best hotels in the world's best cities". 19 May 2022.
  3. "Overnight revolution: A new breed of luxury hotel is shaking up the hospitality industry". The Independent. 29 June 2012. Retrieved 8 February 2013.
  4. "Interviewing Michael Levie, founding partner and COO at citizenM". Hospitality Net. 5 November 2014. Retrieved 22 July 2017.
  5. "KK Los Angeles: Citizen M". KresselsKramer. Archived from the original on 8 December 2012. Retrieved 18 February 2013.
  6. "GIC investment values CitizenM hotels at €2bn". Financial Times. 26 March 2019. Retrieved 12 August 2019.
  7. "GIC Secures 25% Stake in CitizenM". 27 March 2019.
  8. "CitizenM owners explore potential sale of hotel group". www.ft.com. Retrieved 2024-03-27.
  9. "CITIZENM BANKSIDE, LONDON". Axis Architects. 2012. Retrieved 22 July 2017.
  10. "citizenM's Portfolio and Rollout". citizenM. 26 December 2023. Retrieved 26 December 2023.
  11. "CitizenM by Concrete". Dezeen. 7 November 2008. Retrieved 18 February 2013.
  12. "Fodor's Hotel Awards 2011 – Design". Foder's. Archived from the original on 4 November 2012. Retrieved 18 February 2013.