ICAMAP and Ivanhoe Cambridge acquired easyHotel at £138m valuation.

ICAMAP, an independent real estate fund manager, and Ivanhoe Cambridge, a Canadian real estate company, acquired easyHotel, an international super budget hotel chain head quartered in London, at £138m ($168m) valuation. The offer represented a premium of approximately 34.8% to the closing price for each easyHotel Share on 2 August 2019. Commenting on the Offer, Jonathan Lane OBE, Chairman of easyHotel, said: "The Independent easyHotel Directors consider that the Offer is fair and reasonable and in the best interests of shareholders, the Company, its employees and wider stakeholders. Liquidity in easyHotel stock has been limited since the Company was admitted to AIM five years ago. If accepted, the Offer should enable the easyHotel Group to accelerate its expansion into major European cities where it sees significant opportunity, underpinning the long-term growth and prosperity of the easyHotel brand."