Latest news with #TristanCapitalPartners
Skift
2 days ago
- Business
- Skift
EasyHotel CEO Lays Out Growth Plans After Private Equity Buyout
It's scaling back a plan to double its hotels and it's not focused on profits. But expect a lot of growth in Spain and more franchising. 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
Hospitality Net
13-05-2025
- Business
- Hospitality Net
Renato Sciannimanico has been appointed Real Estate Director for Southern Europe at Bob W.
Bob W, the tech-powered hospitality operator redefining hotels and short-term rentals, is strengthening its presence in Spain, Italy and Portugal with the appointments of Renato Sciannimanico as Real Estate Director for Southern Europe. Sciannimanico will continue to drive Bob W's Iberian expansion, particularly in Spain, where the company already operates two properties in Madrid, and in Italy, where it manages three assets in the city centre locations of Milan and Florence. He will collaborate closely with landlords, asset managers, and developers to convert underutilised commercial spaces into distinctive Bob W serviced apartments. Sciannimanico comes from pan-European private equity firm Tristan Capital Partners, where he managed value-add and core+ real estate transactions. Previously, he held portfolio management roles at Allianz Real Estate (now PIMCO Prime). Bob W now consists of a portfolio in excess of 5,000 apartments, completed or in progress and a presence in 16 countries. Recent capital increase allows to have a fully funded business plan. Bob W's tech-powered hospitality model combines the consistency and aesthetics of a lifestyle hotel with the flexibility and convenience of a short-term rental. Apartments include full kitchens, smart room controls and access to the digital guest experience via the Bob W app. As one of Europe's best-rated operators, Bob W boasts an NPS of 76 and an average guest rating of 4.7 out of 5. The company is backed by top-tier investors and continues to seek office, hotel, and mixed-use buildings to convert across major European cities.
Belfast Telegraph
08-05-2025
- Business
- Belfast Telegraph
European property investment firm buys easyHotel brand which includes Belfast site
The hotels owned by the chain, founded as part of the 'easy' group best known for the budget airline, will now be owned and managed by European property investment business Tristan Capital Partners. The private equity company now owns sites including the easyHotel on Belfast's Howard Street, and says it plans to 'materially expand' the business. The Belfast location opened in 2018 after a £5m renovation of the 200-year-old Dax building. The chain, which was founded in 2004, now operates close to 5,000 rooms across nearly 50 hotels in the UK, Ireland and Europe. Sir Stelios Haji-Ioannou, creator and owner of the 'easy' brands, said: 'I would like to personally thank our friends at ICAMAP and Ivanhoe Cambridge for believing and investing in the easy brand and I wish them well with their future ventures. 'As is normal with the cycle of private equity funds, the time has come for them to sell their shares to a new owner. Today we welcome within the easy family of brands Tristan Capital Partners, a highly respected real estate investment specialist as the new owners of 'The fact that this is the second set of professional investors with deep pockets that will own brings tremendous validation of both the success of the business model of and also the business model of easyGroup that created and continues to nurture the easy family of brands. 'Tristan recognised in their bid that the easy brand values are of vital importance to their future business growth model. We look forward to their plans of significantly accelerating its geographical expansion across Europe.' Kristian Smyth, managing director of investments at Tristan Capital Partners, said: 'Tristan's Funds have established a leading presence in the European budget hotel sector, with this transaction bringing the total committed hotel investments to in excess of €1bn to date. 'The budget hotel sector forms a core part of Tristan's European investment theses, reflecting the firm's conviction in the long-term growth potential of this under-represented sector. 'The easyHotel brand perfectly complements our growing platform through its incredibly strong brand recognition with a product that offers compelling value in centrally located destinations. 'We expect to materially expand the existing footprint of the platform and build on our thematic, operationally driven approach.' Alexandre Aquien, chairman of easyHotel and co-founder of ICAMAP, said: 'As the outgoing shareholders of easyHotel, we would like to thank Sir Stelios Haji-Ioannou for our journey together. 'We are very proud of our successful partnership which has led to the substantial transformation of easyHotel. We are also grateful for the strong performance of easyHotel's management team and dedicated employees and are confident they will continue to be successful under their new owners.' Karim Malak, CEO of easyHotel, said: 'As a well-established and recognised brand across Europe, and part of the easy family, we remain committed to offering guests great value and low-carbon hotels. 'Over the past five years, our majority shareholders, ICAMAP and Ivanhoé Cambridge, have been instrumental in fuelling our growth. 'Now EPISO 6, a discretionary fund advised by Tristan Capital Partner, prepares to become our new shareholder, we are excited to build on this momentum. 'Their additional resources and sector expertise will support our expansion at a time when we are seeing a record number of enquiries from potential partners eager to open new easyHotels. 'Together, we look forward to strengthening our offering, growing our portfolio and welcoming even more guests to our great-value, low-carbon hotels.'
