 | |
| 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, andhotel chain. It opened its first hotel at Amsterdam Schiphol Airport in 2008. Its first overseas hotel inGlasgow opened in 2010, followed byLondon in 2012.[1] Calling itself as a provider of "affordable luxury" hotels,[2] citizenM has since expanded its portfolio across North America, Europe and Asia.[3]
citizenM was founded byRattan Chadha[4] in 2005.[5] The branding and logo were designed byKesselsKramer.[6]
Its guest-room entertainment as of 2013 was provided bySwisscom Hospitality Services, which provides a music library and free video-on-demand TV through a Samsung tablet in each guest room.[2]
In March 2019,GIC Private Limited acquired a 25% stake in citizenM, valuing the company at $2.3 billion.[7]APG, GIC, and KRC have committed to invest a further $847 million of equity for future expansion.[8]
In March 2024, reporting indicated that citizenM's owners were exploring business options with the help ofMorgan Stanley and Eastdil Secured, which may include a potential sale valued at approximately €4bn[9]
citizenM hotels embrace theInternational Style, having large glass windows and black metal cladding, making use of off-site modular construction for many of the components.[10] Some of the locations make use of large scale public art, such as byJulian Opie at Paris Charles de Gaulle Airport.
citizenM currently operates 34 hotels across North America, Europe, and Asia, with 2 new hotels under development.[11] The original hotel atSchiphol Airport in Amsterdam was opened in 2008 and was designed by the Dutch architectural company Concrete.[12] The second hotel opened in Amsterdam's city centre in 2009, and was awarded aFodor's 100 Hotel Award for Design in 2011.[13]
