citizenM Valuation, Funding & Investors

citizenM is valued at $2.2B as of March 2019.

Last citizenM valuation

$2.2B

Secondary · Mar 2019

Key investors in citizenM

  • GIC

citizenM Overview

About citizenM

citizenM is an Amsterdam-based hotel developer and operator founded in 2008. It created an affordable-luxury concept built around compact rooms, prominent communal spaces, centralized technology and properties in major urban markets. The company develops, owns and operates hotels while selling room nights and food-and-beverage services directly to travelers. Hotel operating revenue and property value appreciation support its integrated model. Its standardized design, digital check-in and international expansion strategy distinguish citizenM from conventional full-service chains, while its real-estate ownership makes it both an accommodation operator and property platform. Properties are concentrated in globally connected cities. citizenM serves B2C customers through activities spanning Accommodation, Real Estate Development and Buildings & Property. Its commercial model generates revenue through Services, supported by sector expertise, operating execution and customer relationships.


Founded

2008

HQ

NetherlandsAmsterdam

Status

Privately held

Customer focus

B2C

Revenue model

Services

Valuation

$2.2B (Mar 2019)

citizenM Valuation

citizenM is currently valued at $2.2B, based on its secondary sale in March 2019. Read the announcement ↗

The round included GIC.

citizenM valuation by funding round

citizenM valuation by funding round
DateStageValuation
Mar 2019Secondary$2.2B

citizenM Funding History

citizenM has 1 recorded secondary share sale and no primary funding rounds.

citizenM funding rounds
DateStageInvestorsValuationDeal Summary
Mar 2019SecondaryGIC$2.2BGIC announced on March 27, 2019 that it had acquired a 25% equity interest in citizenM. The negotiated investment was priced off a disclosed enterprise value of EUR 2.0 billion. Existing shareholders included founder Rattan Chadha and APG, and the transaction brought GIC in as a new long-term capital partner. citizenM combined hotel development, property ownership and operations in an affordable-luxury format centered on urban locations, compact rooms and technology-enabled service. The shareholders said the additional committed capital would support a faster international expansion program. GIC emphasized the brand's consumer appeal, experiential positioning and potential to grow a portfolio of quality real-estate assets. The source does not separately state the cash paid for the 25% interest, so only the company enterprise value is recorded and no purchase price is inferred by multiplying that value by the stake percentage.

Who has invested in citizenM?

1 investor has backed citizenM across its funding rounds, including GIC.


citizenM Investors

Investors in citizenM by funding rounds participated
InvestorHQRoundsRoleFirst check

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citizenM Competitors

citizenM competitors include listed companies like Reysas GYO, Argan SA, Curbline Properties and UNITE Group, and private ones like Flow and Mews.

Public and private companies comparable to citizenM
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
FlowUnited StatesMiami, FLPrivate--$2.5B-
MewsCzech RepublicPraguePrivate$100M-$2.5B25.0x
Reysas GYOTurkeyTurkeyPublicly listed$74M$69M$2B-
Argan SAFranceFrancePublicly listed$282M$235M$2B16.6x
Curbline PropertiesUnited StatesUnited StatesPublicly listed$183M$106M$3.1B14.7x
UNITE GroupUnited KingdomUnited KingdomPublicly listed$445M$159M$3.1B11.8x

citizenM Public Comps

citizenM is still privately-owned, but its public comps include Vukile Property Fund, Transcorp Hotels, Catena, Investis Holding, Scandic Hotels, Taiba Investments, CA Immo, TAG Immobilien, IWG and VGP.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Vukile Property Fund$355M$203M10.1x8.6x17.6x14.8x
Transcorp Hotels$73M$29M31.0x-78.0x-
Catena$268M$264M17.9x15.3x18.2x18.6x
Investis Holding$97M$65M29.6x19.3x44.3x42.9x
Scandic Hotels$2.3B$651M3.0x2.7x10.3x24.0x
Taiba Investments$364M$168M7.5x-16.1x-
CA Immo$338M$194M11.6x15.1x20.2x22.5x
TAG Immobilien$1.1B$575M6.1x15.6x11.5x18.1x

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Common questions about citizenM

When was citizenM founded?citizenM was founded in 2008.
Where is citizenM headquartered?citizenM is headquartered in Amsterdam, Netherlands.
Is citizenM publicly listed?No, citizenM is a private, VC-backed company.
What is citizenM's valuation?citizenM was last valued at $2.2B in its secondary sale in March 2019.
Who are citizenM's investors?citizenM's investors include GIC.
Which companies are comparable to citizenM?Companies comparable to citizenM include Flow, Mews, Reysas GYO, Argan SA, Curbline Properties and UNITE Group.

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