Skip to content

Search

Latest Stories

Marriott buys Chadha’s citizenM for $355 million

The brand’s portfolio includes 36 hotels across 20+ cities, including in the U.S.

Marriott buys Chadha’s citizenM

Marriott International is acquiring citizenM, the Netherlands-based select-service brand founded by Rattan Chadha in 2008, for $355 million.

MARRIOTT INTERNATIONAL IS acquiring citizenM, the Netherlands-based select-service brand founded by Rattan Chadha in 2008, for $355 million. The brand’s current portfolio includes 36 open hotels with 8,544 rooms across more than 20 cities in the U.S., Europe and Asia-Pacific, including New York, London, Paris and Rome.

The brand’s pipeline includes three hotels under construction, totaling more than 600 rooms, expected to open by mid-2026, with potential for further growth across Marriott’s global regions over the next decade.


“We are very excited about our agreement with Marriott and look forward to this pivotal next step for our future growth,” said Chadha, who also serves as citizenM’s chairman. “I envision this relationship will greatly enhance citizenM’s global reach and brand impact. Marriott shares our values and culture, and I am confident in their deep commitment to preserving our brand’s DNA moving forward.”

After the closing, the citizenM portfolio, including its intellectual property, will join Marriott’s system, with seller-owned and leased hotels entering new long-term franchise agreements, Marriott said in a statement.

Anthony Capuano, Marriott International’s president and CEO, said the announcement reinforces Marriott’s commitment to expanding options for guests and Bonvoy members.

“We are thrilled to add citizenM as a unique, differentiated offering to our select-service brand portfolio as we strengthen Marriott’s position in this valuable global segment,” he said. “Marriott has a proven track record of scaling acquired brands by leveraging our global development platform, efficient affiliation cost structure, and the strength of our award-winning Marriott Bonvoy loyalty program.”

The citizenM brand targets value-conscious travelers seeking features such as smart room design, common areas with artwork and local artifacts, collaborative living rooms, meeting spaces, grab-and-go F&B and rooftop decks.

“I am excited about citizenM’s future with Marriott International. CitizenM was created for frequent travelers, and Marriott’s distribution capabilities will allow us to welcome a new generation of modern guests,” said Lennert de Jong, citizenM’s CEO. “With the strength of Marriott’s development engine, we look forward to adding more citizenM properties in new destinations around the world. We will continue to own the real estate and operate all our hotels. This relationship will help us work together to maximize returns.”

Meanwhile, stabilized fees from the open and under-construction portfolio are expected to total about $30 million annually, the statement said. The seller may also receive up to $110 million in earn-out payments tied to brand growth over a multi-year period, beginning in the fourth year after closing.

The transaction is subject to customary conditions, including U.S. regulatory approval. If the transaction closes this year, Marriott expects full-year net rooms growth to approach 5 percent. Morgan Stanley & Co. International and Eastdil Secured served as financial advisors to the seller.

In September 2024, citizenM opened Boston Back Bay, a 15-story, 399-room tower and its largest property to date, marking the brand’s second hotel in the city.

More for you

ESA Extended Stay Select Suites Debuts in Wildwood, Florida

ESA Select Suites opens in Wildwood, FL

Summary:

  • Orlando-based Southern Hospitality, led by President Nikesh Shah, recently opened Extended Stay America Select Suites Wildwood – The Villages in Wildwood, Florida.
  • The hotel offers apartment-style suites and a fitness center across 50,000+ square feet on 1.75 acres.
  • A recent ESA survey found extended-stay hotels outperform vacation rentals and apartments in comfort, value and sense of home.

Extended Stay America Select Suites Wildwood – The Villages is now open in Wildwood, Florida. The four-story, 124-room property, developed by Southern Hospitality, is the first to feature the Select Suites new-construction prototype.

Keep ReadingShow less
Nanak Acquires Warwickshire’s Kings Court Hotel for £2.75M
Photo credit: Colliers International UK

Nanak acquires Warwickshire, England, hotel for $3.74M

Summary:

  • Nanak Hotels, owned by British Indians, acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for $3.74 million.
  • The firm plans to invest in the property's refurbishment and repositioning.
  • Colliers International UK brokered the deal, led by Josh Sullivan and Peter Brunt.

UK-BASED NANAK HOTELS recently acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for £2.75 million or around $3.74 million. This is the first regional acquisition by the privately held firm led by British Indians Harpreet Singh Saluja and Karamvir Singh.

Keep ReadingShow less
LivSmart Studios Hilton Launched by Aztec & 3H
Photo credit: Hilton Hotels Corp.

3H, Aztec open first LivSmart Studios

Summary:

  • 3H Group and Aztec Group opened the first LivSmart Studios by Hilton in Tullahoma, Tennessee, for stays of 10 days or more.
  • A second 137-room hotel is set to open later this summer in Kokomo, Indiana, owned by Sun Management & Development Corp.
  • More than 90 hotels are planned, with more than 225 deals in negotiation.

The LivSmart Studios by Hilton Tullahoma is now open in Tullahoma, Tennessee. The 89-room property, developed by 3H Group and Aztec Group, is the first location for the brand and targets guests staying 10 nights or more, a segment Hilton says is largely unmet.

Keep ReadingShow less
Nexgen Management acquires Hampton Inn & Suites El Paso-Airport to boost Texas hospitality presence

Nexgen acquires El Paso, TX, Hampton Inn

Summary:

  • Nexgen Management acquired the four-story, 139-room Hampton Inn & Suites El Paso-Airport in El Paso, Texas.
  • Hunter Hotel Advisors brokered the transaction, led by Senior Vice President Kami Burnette and Vice President Mason McDavid.
  • The property is near El Paso International Airport, Marathon Petroleum, Veolia, Kinder Morgan, the Hospitals of Providence, University Medical Center of El Paso and the University of Texas at El Paso.

NEXGEN MANAGEMENT RECENTLY acquired the four-story, 139-room Hampton Inn & Suites El Paso-Airport in El Paso, Texas. The Texas-based company, led by CEO Paul Uppal, focuses on limited and full-service hotel segments in the U.S.

Keep ReadingShow less
Red Lion Inn & Suites Opens 60‑Room Hotel in Blue Springs

Red Lion opens in Blue Springs, MO

Summary:

  • Sonesta recently opened a Red Lion Inn & Suites in Blue Springs, Missouri.
  • The 60-room hotel is owned by Reshma and Umesh “Max” Patel.
  • It is near Independence Airport and the Amtrak station, 30 miles from Kansas City International Airport.

Red Lion Inn & Suites Blue Springs is now open in Blue Springs, Missouri. The 60-room hotel is owned by Reshma and Umesh “Max” Patel.

Keep ReadingShow less