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