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Marriott to Acquire Lifestyle Hotel Brand citizenM for $355M
Bethesda, Maryland-based Marriott International has announced an agreement to acquire a controlling interest in citizenM, a lifestyle hotel brand.
The $355 million deal will give Marriott a majority stake in citizenM’s 36-hotel portfolio, which currently consists of 36 open hotels, comprising 8,544 rooms, across more than 20 cities spanning the U.S., Europe, and Asia Pacific. The brand’s current pipeline includes three under-construction hotels totaling over 600 rooms that are anticipated to open by mid-2026.
CitizenM is a Netherlands-based, global hotel developer, investor, and hotel chain. “We are thrilled to add citizenM as a unique, differentiated offering to our select-service brand portfolio as we continue to strengthen Marriott’s foothold in this valuable market segment around the world,” said Anthony Capuano, President and CEO of Marriott International.
Morgan Stanley & Co. International plc and Eastdil Secured acted as financial advisors to the seller in the transaction.
