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CitizenM owners exploring a 'potential sale'
Tuesday, 2nd April 2024
Source : External source

The owners of the Netherlands-based hotel chain CitizenM are reportedly exploring a sale of the business.

The Financial Times reported CitizenM's owners, which include founder Rattan Chadha, the Singaporean wealth fund GIC, and the group's largest shareholder, the Dutch pension provider APG, are being advised by Morgan Stanley and real estate investment bank Eastdil Secured.

GIC took a 25% stake in CitizenM in 2019, when the boutique group had 15 hotels.

(source)

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