Tristan Capital Partners to acquire easyHotel from Citrus for €242m.

Tristan Capital Partners, a private equity firm, agreed to acquire easyHotel, a budget hotel chain focused on affordable accommodations, from Citrus, a holding company, for €242m. "Tristan's Funds have established a leading presence in the European budget hotel sector, with this transaction bringing the total committed hotel investments to in excess of €1bn to date. The budget hotel sector forms a core part of Tristan's European investment theses, reflecting the firm's conviction in the long-term growth potential of this under-represented sector. The easyHotel brand perfectly complements our growing platform through its incredibly strong brand recognition with a product that offers compelling value in centrally located destinations. We expect to materially expand the existing footprint of the platform and build on our thematic, operationally driven approach," Kristian Smyth, Tristan Capital Managing Director.