Singapore’s sovereign wealth fund has acquired a 25 percent equity stake in CitizenM, a chain of 15 boutique hotels based in the Netherlands. CitizenM said the undisclosed investment gives the hotel company an enterprise value of €2 billion, according to the Financial Times. Founded in 2008, CitizenM targets business travelers seeking short stays and was the first hotel company to list properties on Airbnb, the popular vacation rental platform. Last year, the group opened its […]
source https://therealdeal.com/2019/03/31/new-investor-values-citizenm-hotel-group-at-2-6b/
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