trending Market Intelligence /marketintelligence/en/news-insights/trending/vH32zVycEjrRqUwkkqlv9w2 content esgSubNav
In This List

Singapore's GIC buys into Dutch micro-hotel operator CitizenM


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Singapore's GIC buys into Dutch micro-hotel operator CitizenM

Singapore's sovereign-wealth fund GIC Pte. Ltd. bought a 25% stake in Dutch micro-hotel operator CitizenM Hotels, The Wall Street Journal reported.

CitizenM indicated that the stake purchase gives it an enterprise value of €2 billion, including debt, according to the report. The investment from GIC is expected to help the hotelier expand globally.

Including those under development, CitizenM has a portfolio of 30 hotels with 7,000 rooms across Europe, the U.S. and Asia, according to its website. It operates such brands as Yotel, Pod Hotels and Arlo Hotels.

GIC confirmed the stake buy without disclosing financial terms, according to the Journal.