How it started
History
citizenM was founded by Rattan Chadha in 2005. The branding and logo were designed by KesselsKramer.
It opened its first hotel at Amsterdam Airport Schiphol in 2008. Its first overseas hotel in Glasgow opened in 2010, followed by London in 2012.
Its guest-room entertainment as of 2013 was provided by Swisscom Hospitality Services, which provides a music library and free video-on-demand TV through a Samsung tablet in each guest room.
In March 2019, GIC Private Limited acquired a 25% stake in citizenM, valuing the company at $2.3 billion. APG, GIC, and KRC have committed to invest a further $847 million of equity for future expansion.
In March 2024, reporting indicated that citizenM's owners were exploring business options with the help of Morgan Stanley and Eastdil Secured, which may include a potential sale valued at approximately four billion euro.
From Wikipedia’s article on citizenM, shared under CC BY-SA 4.0.2