EasyHotel
 | |
| Industry | Hotels |
|---|---|
| Founded | 19 January 2004 |
| Founder | Stelios Haji-Ioannou |
| Headquarters | London, United Kingdom, Paris, and the Hague. |
Number of locations | 49[1] |
Area served | Europe[1] |
Key people | Karim Malak (CEO)[2] |
| Website | www |
EasyHotel (styled as easyHotel) is a part of the easy family of brands, and is a low-carbon, great value hotel chain, with support offices in London, Paris, and the Hague with 43 trading hotels in 11 European countries, and 6 new hotels in development.[1]
History
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. Stelios stayed in the first branded easyHotel property on its opening night on 1 August 2005. The first week the South Kensington property was open, it was fully booked.[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 BENELUX region (7 in The Netherlands (Amsterdam, Zaandam, Maastricht, Rotterdam, The Hague) and 1 in Brussels, 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, with an owned and leased property in Marseille due to open later in 2024.[7]
Portfolio
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. There are also 6 hotels currently in development in France (2) and Spain (4).
References
- ^ a b c easyhotel.com - Development retrieved 13 June 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
Media related to EasyHotel at Wikimedia Commons
