EasyHotel: Difference between revisions
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Importing Wikidata short description: "International super budget hotel chain" |
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{{Short description|International super budget hotel chain}} |
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{{Use dmy dates|date=December 2023}} |
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{{Infobox company |
{{Infobox company |
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| name = easyHotel |
| name = easyHotel |
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| logo = |
| logo = EasyHotel_Logo_New.svg |
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| logo_caption = |
| logo_caption = |
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| image = |
| image = |
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| founder = [[Stelios Haji-Ioannou]] |
| founder = [[Stelios Haji-Ioannou]] |
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| location = {{nowrap|[[London]], [[United Kingdom]]}} |
| location = {{nowrap|[[London]], [[United Kingdom]]}} |
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| locations = |
| locations = 43<ref name=hotels/> |
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| area_served = Europe<ref name=hotels/> |
| area_served = Europe<ref name=hotels/> |
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| key_people = Karim Malak ([[Chief Executive Officer|CEO]])<ref>[https://www.thecaterer.com/people/minute-on-the-clock-karim-malak-easyhotel thecaterer.com - Minute on the clock: Karim Malak, CEO of easyHotel] 13 September 2022</ref> |
| key_people = Karim Malak ([[Chief Executive Officer|CEO]])<ref>[https://www.thecaterer.com/people/minute-on-the-clock-karim-malak-easyhotel thecaterer.com - Minute on the clock: Karim Malak, CEO of easyHotel] 13 September 2022</ref> |
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'''EasyHotel''' (styled as '''easyHotel''') is |
'''EasyHotel''' (styled as '''easyHotel''') is a low-budget [[Hotel|hotel chain]] with 43 hotels in 11 European countries.<ref name="hotels" /> |
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==History== |
==History== |
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[[File:Easyhotel Glasgow - geograph.org.uk - 3907564.jpg|thumb|easyHotel in [[Glasgow]]]] |
[[File:Easyhotel Glasgow - geograph.org.uk - 3907564.jpg|thumb|easyHotel in [[Glasgow]]]] |
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[[File:Madrid - easyHotel Madrid Centro Atocha 3.jpg|thumb|easyHotel in [[Madrid]]]] |
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Originally founded by [[Stelios Haji-Ioannou]] through the [[easyGroup]], easyHotel was incorporated in 2004<ref name=invest/> 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.{{ |
Originally founded by [[Stelios Haji-Ioannou]] through the [[easyGroup]], easyHotel was incorporated in 2004<ref name=invest/> 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.<ref>{{Cite book |title=easyHistory, 4th edition |date= |publisher=easyHistory |year= |language=English}}</ref> |
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| ⚫ | 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).<ref name="tba">Travel Business Analyst, November 2019</ref> As of 2021, ICAMAP and Ivanhoé Cambridge now own the majority of shares in the company.<ref name="invest">[https://www.thecaterer.com/news/easyhotel-50-million-triple-estate-2026 thecaterer.com - EasyHotel secures €50m to more than triple estate by 2026] 13 December 2022</ref> The majority owners also announced to invest € 50 million to vastly expand the chains operations by 2026 throughout Europe and the UK.<ref name="invest" /> |
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In 2007, easyHotel also signed a master franchise agreement with Germany-based ''i.gen Hotels'', planning 60 franchised easyHotels in Europe (outside the UK) in three years, of which about 10 were expected in Germany.<ref name=tba>Travel Business Analyst, November 2019</ref><ref name=welt/> |
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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.<ref>{{Cite web |title=easyHotel acquires 8 hotels in Benelux for €145 million |url=https://hospitality-on.com/en/hospitality/easyhotel-acquires-8-hotels-benelux-eu145-million |access-date=2024-06-08 |website=Hospitality ON |language=en}}</ref> As of May 2024, easyHotel has 26 owned and leased easyHotel properties and 17 franchised easyHotel properties.<ref>{{Cite web |last=Development |first=easyHotel |title=easyHotel - Development |url=https://www.easyhotel.com/investor-relations |website=easyHotel}}</ref> |
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In 2010, the brand opened its first hotel in Germany, the twelfth easyHotel overall. <ref name=welt>[https://www.welt.de/reise/article5754375/Easyhotel-lockt-mit-guenstigen-Zimmern-TV-kostet.html welt.de] (German) 7 January 2010</ref> After the success of their Berlin property, another easyHotel opened in the city centre of Frankfurt in 2015. |
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==Properties== |
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| ⚫ | 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).<ref name=tba/> As of 2021, ICAMAP and Ivanhoé Cambridge now own |
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| ⚫ | 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]].<ref name=hotels>[https://www.easyhotel.com/hotels easyhotel.com - Our hotels] retrieved 21 April 2024</ref> The formerly operated hotel in [[Dubai]] no longer exist, additionally two further locations in London where also closed.<ref name=hotels/> |
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In December 2021, Karim Malak was appointed CEO after the sudden death of François Bachetta at the age of 56 in the June of the same year. In October 2022, easyHotel acquired eight franchised easyHotel properties in the BENELUX region (7 in The Netherlands (Amsterdam, Zaandam, Maastricht, Rotterdam, The Hague) and 1 in Brussels, Belgium) from Crossroads Real Estate for € 145 million. |
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As of January 2023, with the opening of their most recent owned hotel, easyHotel Dublin City Centre, easyHotel has 25 owned and leased easyHotel properties and 19 franchised easyHotel properties. |
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==Operations== |
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| ⚫ | As of |
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==References== |
==References== |
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Latest revision as of 21:29, 30 November 2024
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| 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]
History
[edit]
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]
Properties
[edit]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]
References
[edit]- ^ a b c d e easyhotel.com - Our hotels retrieved 21 April 2024
- ^ thecaterer.com - Minute on the clock: Karim Malak, CEO of easyHotel 13 September 2022
- ^ a b c thecaterer.com - EasyHotel secures €50m to more than triple estate by 2026 13 December 2022
- ^ easyHistory, 4th edition. easyHistory.
- ^ Travel Business Analyst, November 2019
- ^ "easyHotel acquires 8 hotels in Benelux for €145 million". Hospitality ON. Retrieved 8 June 2024.
- ^ Development, easyHotel. "easyHotel - Development". easyHotel.
External links
[edit]
Media related to EasyHotel at Wikimedia Commons
