easyHotel completed the acquisition of eight Benelux hotels from Crossroads Real Estate for €145m.

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.