EasyHotel (styled as easyHotel) is an international budget

hotel chain A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a ref ...

headquartered in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

with 42 branches in ten European countries.

History

Originally founded by

Stelios Haji-Ioannou Sir Stelios Haji-Ioannou ( el, Στέλιος Χατζηιωάννου, translit=Stelios Hatziioannou; born 14 February 1967) is a Greek Cypriot entrepreneur. Born into a wealthy ship-owning family, he is best known for founding the low-cost ai ...

through the

easyGroup EasyGroup Ltd (styled as easyGroup) is a British multinational venture capital conglomerate founded in 1998 and privately owned by Sir Stelios Haji-Ioannou. Overview The group is registered in the Cayman Islands, but operates from its offi ...

, easyHotel was incorporated in 2004 and opened its first hotel in

South Kensington South Kensington, nicknamed Little Paris, is a district just west of Central London in the Royal Borough of Kensington and Chelsea. Historically it settled on part of the scattered Middlesex village of Brompton. Its name was supplanted with ...

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 Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

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 The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

(21, of which 7 are in London),

the Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

(7), Switzerland (4),

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

(2),

France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan area ...

(2),

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

(2),

Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...

(1),

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the ...

(1),

Portugal Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of ...

(1) and

Bulgaria Bulgaria (; bg, България, Bǎlgariya), officially the Republic of Bulgaria,, ) is a country in Southeast Europe. It is situated on the eastern flank of the Balkans, and is bordered by Romania to the north, Serbia and North Macedo ...

(1). The formerly operated sole hotel in Dubai no longer exists.easyhotel.com - Our hotels
retrieved 9 October 2022

References

External links

* {{UK Hotels easyGroup Hotel and leisure companies based in London Hotel chains Hotel chains in the United Kingdom