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EasyHotel (styled as easyHotel) is an international budget hotel chain headquartered in London with 42 branches in ten European countries.
Originally founded by Stelios Haji-Ioannou through the easyGroup, easyHotel was incorporated in 2004 and opened its first hotel in South Kensington, London in 2005. Whilst easyHotel owned its first hotel in South Kensington (which was subsequently sold and franchised in 2007), its growth strategy in its early years was to expand via franchise contracts.
In 2007, Easygroup signed with Dubai-state-owned ''Istithmar Hotels'' for them to invest 400 million USD in five years to build 38/3800 Easy hotels/rooms in Africa, the Middle East and parts of Asia. However, only a sole hotel in Dubai opened in 2010 which since closed. Later in 2007, easyHotel also signed a master franchise agreement with Germany-based ''i.gen Hotels'', planning 60 franchised EHs in Europe (outside the UK) in three years, of which about 10 were expected in Germany.Travel Business Analyst, November 2019
In 2010, the brand opened its first hotel in Germany, the twelfth easyHotel overall.welt.de
(German) 7 January 2010 In June 2014, the Company floated on the London Stock Exchange raising £24.5m to fund further growth and expansion. In August 2019 directors of the company backed a £139 million bid for the company in August despite opposition from founder Sir Stelios Haji-Ioannou. The bidding consortium was made up of Luxembourg-based ICAMAP and Ivanhoé Cambridge of Canada. Ivanhoe is owned by Quebec’s pension company, CDPQ (Caisse de depot et placement du Quebec). As of 2021, ICAMAP and Ivanhoé Cambridge now own 76 percent of stakes in the company.thecaterer.com - EasyHotel secures €50m to more than triple estate by 2026
13 December 2022 The majority owners also announced to invest € 50 million to vastly expand the chains operations by 2026.
retrieved 9 October 2022
History
Originally founded by Stelios Haji-Ioannou through the easyGroup, easyHotel was incorporated in 2004 and opened its first hotel in South Kensington, London in 2005. Whilst easyHotel owned its first hotel in South Kensington (which was subsequently sold and franchised in 2007), its growth strategy in its early years was to expand via franchise contracts.
In 2007, Easygroup signed with Dubai-state-owned ''Istithmar Hotels'' for them to invest 400 million USD in five years to build 38/3800 Easy hotels/rooms in Africa, the Middle East and parts of Asia. However, only a sole hotel in Dubai opened in 2010 which since closed. Later in 2007, easyHotel also signed a master franchise agreement with Germany-based ''i.gen Hotels'', planning 60 franchised EHs in Europe (outside the UK) in three years, of which about 10 were expected in Germany.Travel Business Analyst, November 2019
In 2010, the brand opened its first hotel in Germany, the twelfth easyHotel overall.welt.de(German) 7 January 2010 In June 2014, the Company floated on the London Stock Exchange raising £24.5m to fund further growth and expansion. In August 2019 directors of the company backed a £139 million bid for the company in August despite opposition from founder Sir Stelios Haji-Ioannou. The bidding consortium was made up of Luxembourg-based ICAMAP and Ivanhoé Cambridge of Canada. Ivanhoe is owned by Quebec’s pension company, CDPQ (Caisse de depot et placement du Quebec). As of 2021, ICAMAP and Ivanhoé Cambridge now own 76 percent of stakes in the company.thecaterer.com - EasyHotel secures €50m to more than triple estate by 2026
13 December 2022 The majority owners also announced to invest € 50 million to vastly expand the chains operations by 2026.
Operations
As of October 2022, easyHotel has corporately owned and franchised branches in the United Kingdom (21, of which 7 are in London), the Netherlands (7),Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
(4), Germany (2), France (2), Spain (2), Belgium (1), Hungary (1), Portugal (1) and Bulgaria (1). The formerly operated sole hotel in Dubai no longer exists.easyhotel.com - Our hotelsretrieved 9 October 2022
References
External links
* {{UK Hotels easyGroup Hotel and leisure companies based in London Hotel chains Hotel chains in the United Kingdom