EasyHotel plans to accelerate its growth across Western Europe following its acquisition this week by private equity firm Tristan Capital Partners.
“There’s a lot of appetite in the market for budget hotels,” EasyHotel CEO Karim Malak told Skift. “From a customer angle, the segment is growing in Western Europe and elsewhere. From an investor angle, it’s an excellent asset class.”
The deal, finalized on June 5, had a transaction value exceeding €400 million (about $455 million).
Tristan now owns 100% of the budget hotel chain, which includes 48 properties and roughly 4,700 rooms across 11 countries.
“They’re acquiring hotels, but they’re also acquiring a platform to grow more hotels in Western Europe in the next couple of years. It only makes sense for them if there’s growth,” he added.
Founder Exit and Brand Continuity
As part of the tran