 | |
| Industry | Hotels |
|---|---|
| Founded | 19 January 2004 |
| Founder | Stelios Haji-Ioannou |
| Headquarters | London, United Kingdom |
Number of locations | 43 [1] |
Area served | Europe [1] |
Key people | Karim Malak (CEO) [2] |
| Website | www |
EasyHotel (styled as easyHotel) is a low-budget hotel chain with 43 hotels in 11 European countries. [1]
Originally founded by Stelios Haji-Ioannou through the easyGroup, easyHotel was incorporated in 2004 [3] and opened its first hotel in South Kensington, London in 2005. Whilst easyHotel owned its first hotel in South Kensington (which was subsequently sold and franchised in 2007), its growth strategy in its early years was to expand via franchise contracts. [4]
In June 2014, the Company floated on the London Stock Exchange raising £24.5 million to fund further growth and expansion. In August 2019, directors of the company backed a £139 million bid for the company despite opposition from founder Sir Stelios Haji-Ioannou. The bidding consortium was made up of Luxembourg-based ICAMAP and Ivanhoé Cambridge of Canada. Ivanhoe is owned by Quebec’s pension company, CDPQ (Caisse de depot et placement du Quebec). [5] As of 2021, ICAMAP and Ivanhoé Cambridge now own the majority of shares in the company. [3] The majority owners also announced to invest € 50 million to vastly expand the chains operations by 2026 throughout Europe and the UK. [3]
In December 2021, Karim Malak was appointed CEO after the sudden death of François Bachetta at the age of 56 in June of the same year. In October 2022, easyHotel acquired eight franchised easyHotel properties in The Netherlands and Belgium from Crossroads Real Estate for € 145 million. [6] As of May 2024, easyHotel has 26 owned and leased easyHotel properties and 17 franchised easyHotel properties. [7]
As of May 2024, easyHotel overall maintains 42 corporately owned and franchised branches in the United Kingdom (19, of which 5 are in London), the Netherlands (7), Switzerland (5), Germany (1), France (3), Spain (3), Belgium (1), Ireland (1), Hungary (1), Portugal (1) and Bulgaria. [1] The formerly operated hotel in Dubai no longer exist, additionally two further locations in London where also closed. [1]
Go Fly was the name of a British low-cost airline, founded by British Airways in 1998. It operated flights between London Stansted Airport and destinations in Europe. The airline was purchased from BA in a management buyout backed by the private equity firm 3i in 2001. In 2002, it was bought by its rival EasyJet and was merged into that airline's operations by 2003.
EasyJet plc is a British-European multinational low-cost airline group headquartered at London Luton Airport. It operates domestic and international scheduled services on 927 routes in more than 34 countries via its affiliate airlines EasyJet UK, EasyJet Switzerland, and EasyJet Europe. The company employs circa 13,000 people, based throughout Europe but mainly in the UK. EasyJet plc is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Sir Stelios Haji-Ioannou is a Greek Cypriot entrepreneur. Born into a wealthy ship-owning family, he is best known for founding the low-cost airline easyJet and the Stelmar shipping line with start-up funds provided by his father, Loucas. EasyJet's foundation in 1995 marked the beginning of a series of ventures marketed under the "easy" brand, managed by easyGroup and chaired by Haji-Ioannou. Stelios has recently bought Shrewsbury Town football club for £13.8million from Roland Wycherley.
Bayes Business School, formerly known as Cass Business School, is the business school of the City, University of London, located in St Luke's, just to the north of the City of London. It was established in 1966.
Choice Hotels International, Inc. is an American multinational hospitality company based in North Bethesda, Maryland. The company, which is one of the largest hotel chains in the world, owns various hotel brands ranging from upscale to economy. As of the third quarter 2023, Choice Hotels franchised nearly 7,500 hotels, representing nearly 630,000 rooms, in 46 countries and territories.
Steinberg's was a large family-owned Canadian grocery store chain that mainly operated in the province of Quebec and later Ontario. In addition to its flagship supermarket chain, the company operated several subsidiaries across the country. The company went bankrupt in 1992, three years after being sold to private interests, after 75 years in business.
EasyInternetcafé was a chain of Internet cafés and a unit of Stelios Haji-Ioannou's EasyGroup.
Dakis Joannou is a Greek Cypriot industrialist and art collector. He is considered to be one of the leading collectors of contemporary art in the world and is famous for acquisitions such as the Jeff Koons-designed yacht 'Guilty'.
easyBus is a EasyGroup company offering shuttle services between airports and city centers. It was founded by entrepreneur Stelios Haji-Ioannou in 2003. It initially also offered intercity services within the United Kingdom.
EasyCruise was a cruise line of Greek ferry operator Hellenic Seaways. It was sold to them in August 2009 for £9 million by Cypriot/British business man, Stelios Haji-Ioannou, founder of easyGroup. They launched their first cruise ship EasyCruiseOne in 2005. Unlike other cruise lines, EasyCruise's business model offered passengers a no-frills vacation. EasyCruise ended operations in early 2010.
MT Haven, formerly Amoco Milford Haven, was a VLCC, leased to Troodos Shipping. In 1991, while loaded with 144,000 tonnes of crude oil, the ship exploded, caught fire and sank off the coast of Genoa, Italy, killing six Cypriot crew and flooding the Mediterranean with up to 50,000 tonnes of crude oil. It broke in two and sank after burning for three days.
Andrew Harrison is a British businessman and former management consultant, currently the chairman of SEGRO. He previously served as the CEO of The RAC, easyJet, Whitbread and the Dunelm Group.
EasyGroup Ltd is a British multinational venture capital conglomerate founded in 1998. It is headquartered in London, United Kingdom and privately owned by Stelios Haji-Ioannou.
Principal Hotel Company is a British hotel and conference venue operator headquartered in Harrogate, England.
Fastjet Limited is an African airline that began flight operations in 2012. It is headquartered in Johannesburg and serves regional flights between South Africa, Botswana and Zimbabwe.
King & McGaw is an art publisher and online retailer. It supplies high quality art prints and products to museums, galleries and retail stores as well as art prints direct to consumers through its online retail site. Production is based in their 50,000 sq ft (4,600 m2) factory in Newhaven, Sussex.
Nicolas George Ioannou, also known as "Rudy", is a Cypriot yacht and speedboat manufacturer since 1991, and a property developer. He is the CEO of several companies including Coast and Hills Developments. He has investments in hotels and residential towers as well as marina developments. Ioannou has been appointed by the Cypriot president as honorary consul of Cyprus in the Sinai Peninsula.
Clelia Haji-Ioannou is a Cypriot billionaire, due to her inheritance from money made by her father through his oil tanker business, some of which she has invested in EasyJet, the airline founded by her brother Stelios Haji-Ioannou. As of August 2024, Forbes estimated her net worth at US$1.1 billion.
Polys Haji-Ioannou is a Cypriot billionaire, due mainly to his shareholding in EasyJet, the airline founded by his brother Stelios Haji-Ioannou.
E-Money Capital Ltd, trading as easyMoney, is a financial intermediary services brand in the United Kingdom established in 2001 as a division of Sir Stelios Haji-Ioannou's easyGroup and since 2018 has been owned by Andrew De Candole.
Media related to EasyHotel at Wikimedia Commons
