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Marriott acquires citizenM for $355M, expanding its global select-service hotel presence.
Marriott International will acquire the lifestyle brand citizenM for $355 million, enhancing its global presence in the select-service hotel market.
CitizenM, known for its tech-savvy and design-focused approach, currently operates 36 hotels in 20 cities across the U.S., Europe, and Asia Pacific, with over 8,500 rooms.
The acquisition will add to Marriott's portfolio and is expected to close later this year, subject to regulatory approval.
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Marriott adquiere CitizenM por $355 millones, expandiendo su presencia global en hoteles de servicio selecto.