Announced
Completed
Financials
Sources
Tags
Cross Border
Netherlands
Completed
Hotels and Motels
Private
Majority
Belgium
Private Equity
Single Bidder
Acquisition
hotels
Friendly
Synopsis
easyHotel, budget hotel chain, completed the acquisition of eight Benelux hotels from Crossroads Real Estate, a real estate private equity, for €145m ($143m). “This strategic acquisition is an important milestone in our plan to increase our presence in continental Europe from a strong UK base. Consumers place increasing importance on value, hence increasing demand for affordable hotels across Europe and the UK, a trend which we expect to continue given current inflation," Karim Malak, easyHotel CEO.
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