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Importing Wikidata short description: "International super budget hotel chain"
 
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{{Short description|International super budget hotel chain}}

{{Use dmy dates|date=December 2023}}
{{Infobox company
{{Infobox company
| name = easyHotel plc
| name = easyHotel
| logo =easyHotel.svg
| logo = EasyHotel_Logo_New.svg
| logo_caption =
| logo_caption =
| image =
| image =
| image_caption =
| image_caption =
⚫
| industry = [[Hotels]]
| type = [[Public limited company]]
⚫
| foundation = {{Start date|df=yes|2004|01|19}}
| traded_as = {{LSE|EZH}}
⚫
| founder = [[Stelios Haji-Ioannou]]
⚫
| industry = [[Hotels]]
⚫
| location = {{nowrap|[[London]], [[United Kingdom]]}}
⚫
| foundation = {{Start date|2004|01|19}}
⚫
| locations = 43<ref name=hotels/>
⚫
| founder = [[Stelios Haji-Ioannou]]
⚫
| area_served = Europe<ref name=hotels/>
⚫
| location = [[London]], England, UK
| 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>
⚫
| locations = 40
| services =
⚫
| area_served = Europe, Middle East
⚫
| homepage = {{URL|https://www.easyhotel.com}}
| key_people = Guy Parsons (Chief Executive)
Gary Burton (Chief Financial Officer)
| services = Super budget hotel rooms
⚫
| homepage = {{URL|https://www.easyhotel.com}}
}}
}}


'''EasyHotel''' (styled '''easyHotel''') is an international super budget hotel chain headquartered in [[London]], England, and listed on the [[Alternative Investment Market]] of the [[London Stock Exchange]].
'''EasyHotel''' (styled as '''easyHotel''') is a low-budget [[Hotel|hotel chain]] with 43 hotels in 11 European countries.<ref name="hotels" />

easyHotel owns, develops, operates and franchises hotels under the “super budget” easyHotel brand, marketing its hotels as offering clean, comfortable and safe hotel accommodation to its customers. The company was incorporated in 2004 and opened its first hotel in 2005.

easyHotel has 40 hotels worldwide. Locations include, [[UK]], [[Switzerland]], [[Germany]], [[France]], [[Spain]], [[Belgium]], [[Hungary]], [[Portugal]], [[Bulgaria]] and [[UAE]].


==History==
==History==
[[File:Easyhotel Glasgow - geograph.org.uk - 3907564.jpg|thumb|easyHotel in [[Glasgow]]]]
⚫
Originally founded by [[Stelios Haji-Ioannou|Sir Stelios Haji-Ioannou]] through [[easyGroup|easyGroup Holdings Ltd]], easyHotel was incorporated in 2004 and opened its first hotel in [[South Kensington]], [[London]] in 2005.{{Cn|date=October 2018}} 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.{{Cn|date=October 2018}}
[[File:Madrid - easyHotel Madrid Centro Atocha 3.jpg|thumb|easyHotel in [[Madrid]]]]

⚫
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>
In 2007, Easygroup signed with Dubai-state-owned Istithmar Hotels for Istithmar to invest US$400mn in five years to build 38/3800 Easy hotels/rooms in Africa, Middle East and parts of Asia. Dubai opened in 2010; nothing since. <Travel Business Analyst, November 2019>

Later in 2007, Easyhotel signed a master franchise agreement with Germany-based Igen Hotels, planning 60 franchised EHs in Europe (outside the UK) in three years, of which about 10 were expected in Germany. <Travel Business Analyst, November 2019>

2007 saw the first three international franchise hotels open in Basel, Budapest and Zurich along with two further hotels in London, at Earl’s Court and Victoria.{{Cn|date=October 2018}}

2008 marked easyHotel’s expansion with the opening of hotels near Luton and Heathrow airports as well as in London Paddington.{{Cn|date=October 2018}}

Between 2010 and 2014, the Company continued to expand its portfolio through franchise partnerships with new openings in Scotland, Germany and The Netherlands. The group also acquired two London based hotels in Old Street (2012) and Croydon (2014).{{Cn|date=October 2018}}

In June 2014, the Company floated on the London Stock Exchange raising £24.5m to fund further growth and expansion.{{Cn|date=October 2018}}

In August 2019 directors of the company backed a £139 million bid for the company in August despite opposition from founder Sir Stelios Haji-Ioannou.

The bidding consortium is 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). <Travel Business Analyst, November 2019>

==Operations==


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" />
As of October 2019, easyHotel has:


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>
* Thirteen corporately-owned hotels currently comprising 1,300 rooms in Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Milton Keynes, Liverpool, Newcastle, Sheffield, Leeds, Ipswich, Barcelona (Spain) and Nice (France).


==Properties==
* Twenty seven franchised hotels with 2,136 rooms in Belgium, Bulgaria, Germany, Hungary, the Netherlands, Portugal, Switzerland, UAE, and the United Kingdom.
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/>


==References==
==References==
{{Reflist}}
{{reflist}}


==External links==
==External links==
{{commonscat-inline|EasyHotel}}
* {{official website}}
* {{official website}}


Latest revision as of 21:29, 30 November 2024

easyHotel
IndustryHotels
Founded19 January 2004 (2004-01-19)
FounderStelios Haji-Ioannou
HeadquartersLondon, United Kingdom
Number of locations
43[1]
Area served
Europe[1]
Key people
Karim Malak (CEO)[2]
Websitewww.easyhotel.com

EasyHotel (styled as easyHotel) is a low-budget hotel chain with 43 hotels in 11 European countries.[1]

History

[edit]
easyHotel in Glasgow
easyHotel in Madrid

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]
  1. ^ a b c d e easyhotel.com - Our hotels retrieved 21 April 2024
  2. ^ thecaterer.com - Minute on the clock: Karim Malak, CEO of easyHotel 13 September 2022
  3. ^ a b c thecaterer.com - EasyHotel secures €50m to more than triple estate by 2026 13 December 2022
  4. ^ easyHistory, 4th edition. easyHistory.
  5. ^ Travel Business Analyst, November 2019
  6. ^ "easyHotel acquires 8 hotels in Benelux for €145 million". Hospitality ON. Retrieved 8 June 2024.
  7. ^ Development, easyHotel. "easyHotel - Development". easyHotel.
[edit]

Media related to EasyHotel at Wikimedia Commons

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