Industry Update
Press Release25 October 2019

Hello, new hotels! From Asia to America, it’s been a very good year for citizenM so far.

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citizenM

Four new hotels. Three continents. One year. Yep, 2019 has been a big deal for citizenM. We landed in Kuala Lumpur, Amsterdam, Zurich and Boston. The schedule was our most ambitious yet, but we knocked it out of the park.

Kuala Lumpur - a multicultural melting pot, a bustling city, and now the new home of citizenM. We opened in June 2019, giving Malaysia-bound mobile citizens of the world a new reason to love the capital. citizenM Kuala Lumpur Bukit Bintang hotel is named after the district it calls home: the epicentre of food, fashion and fun. Maximise your leisure and work time as our 210-room hotel is only 100 metres from Jalan Alor (world-famous for street food), and within walking distance from many other attractions. You can indulge by day, then sleep in the world's most comfortable bed by night.

Summer 2019 will be remembered as the season citizenM came home after 10 years of worldwide wandering. Amsterdam is the birthplace of the brand, and now the home of our fourth Dutch hotel. Named after the famous river nearby, citizenM Amstel Amsterdam hotel has a triple-A urban location less than 10 minutes' walk from a multitude of leisure and business destinations. You can't miss our beautiful 88-room hotel - it's a stylish 1920s building. And Weesperplein metro station is just a few steps away, connecting you to all of Amsterdam.

citizenM can't get enough of the USA! To expand our American presence, we have opened our first hotel in Boston - a city with many sides and many loves. Stay with us and you'll see them all, thanks to our superb location above North Station - a major transportation hub just minutes from Logan Airport. And that's not all. Sport courses through this city's veins, so it's a good thing citizenM Boston North Station hotel is on top of TD Garden - New England's largest multipurpose arena for sports, concerts and conventions. If you're a sports nut, this is the place to be.

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citizenM

The citizenM philosophy is ‘affordable luxury for the people’, offering guests all the luxuries they would expect from a high- end hotel in a prime location, but without sky-high prices. citizenM was founded by Rattan Chadha, the founder and former CEO of the fashion brand Mexx.
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About citizenM

Currently comprising 20 operational hotels in 8 countries, citizenM has a confirmed pipeline of 25 properties. With significant expansion plans in North America - as well as continued growth in Asia and Europe, where the brand is already firmly established in the minds of business travellers - citizenM looks forward to bringing affordable luxury to many more urban locations across the globe.

The citizenM philosophy is 'affordable luxury for the people', offering guests all the luxuries they would expect from a high-end hotel in a prime location, but without sky-high prices. citizenM was founded by Rattan Chadha, the founder and former CEO of the fashion brand Mexx. The first citizenM hotel opened at Amsterdam's Schiphol Airport in 2008, followed by citizenM Amsterdam in 2009; citizenM Glasgow in 2010, and citizenM London Bankside in 2012. Rotterdam, New York and Paris locations followed in 2014. In 2016, two more hotels were added to the London portfolio: citizenM Tower of London, and citizenM Shoreditch. In 2017, citizenM opened Paris La Defense and Paris Gare de Lyon hotels. Also in 2017, the company moved into the Asian market, with its first location at Taipei North Gate. citizenM New York Bowery, the second New York hotel, opened in September 2018. Copenhagen and Shanghai followed in December 2018. In 2019, the portfolio grew by four new hotels - Kuala Lumpur Bukit Bintang (third in Asia, first in Malaysia), Amstel Amsterdam (fourth hotel in the Netherlands, third in Amsterdam), Boston North Station (third hotel in the USA), and Zurich (first citizenM hotel in Switzerland). In May 2020, citizenM opened its fourth hotel in the USA, first on the West Coast - Seattle South Lake Union. Two more openings are scheduled for autumn 2020 - Washington DC and Geneva. Further announcements about expansion in the US, Europe and Asia will follow soon.

citizenM intends to keep growing as a fully integrated owner-operator in selected gateway cities around the world. Its unique value proposition, delivering a high profitability per square meter, allows the brand to develop hotels on prime locations in cities with the highest barriers to entry. citizenM can acquire development sites and turnkey delivered hotels and is open to joint ventures on individual projects. citizenM considers new-built developments, office conversions, components of mixed-use schemes or conversions of existing hotels. The company will also selectively consider asset light transactions.

In Europe the key target cities are London, Paris, Milan, Rome, Dublin, Munich, Hamburg, Frankfurt, Berlin, Stockholm, Copenhagen, Zurich, Geneva, Amsterdam and Barcelona. In North America, citizenM is looking for projects in New York City, Los Angeles, San Francisco, Seattle, Boston, Washington DC, Chicago, Austin, Silicon Valley, Toronto, Denver, Vancouver, Mexico City, Philadelphia, Miami, San Diego and Nashville. In Asia Pacific the key target cities are Sydney, Melbourne, Tokyo, Taipei, Osaka and Jakarta. Website: http://citizenM.com

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