"We are extremely excited with the addition of our first site in Paris to our development portfolio" said citizenM's chairman Rattan Chadha. "With this acquisition we are one step closer to creating a chain of luxury contemporary hotels for the cost conscious traveller in major cities around the world. We are continuously searching for more sites on 'A' locations in Paris."
citizenM currently operates three hotels, at Schiphol Airport, at Amsterdam's city centre and in the city centre of Glasgow. The opening of the site in Paris brings the company's development portfolio to seven additional hotels, including two projects in New York City, three projects in London and one project in Rotterdam. The expansion strategy of citizenM is to develop and invest in citizenM hotels on prime city centre locations (and terminal-connected airport sites) in metropolitan cities only, such as Paris, London, New York, Amsterdam, Hong Kong, and Shanghai.
