EasyHotel is planning to expand its business in Western Europe, following the acquisition of Tristan Capital Partners by EasyHotel this week.
EasyHotel CEO Karim malak told Skift that there is a great demand for budget hotels. From a customer perspective, this segment is growing both in Western Europe and other parts of the world. Investors will find it a great asset class.
The deal, finalized on June 5, had a transaction value exceeding €400 million (about $455 million).
Tristan now owns 100 percent of the chain which includes 48 hotels and 4,700 rooms in 11 countries.
“They are acquiring hotels but they’re also buying a platform for growing more hotels in Western Europe over the next two years. It’s only logical for them to grow, he said.
Founder exit and brand continuity
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