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Rattan’s News Archive

The News Archive for Rattan Chadha

Rattan’s News Archive

The News Archive for Rattan Chadha

Rattan Chadha

Founder and Executive Chairman

Voorschoten, NL
27 Mar 2019

GIC Investment Values citizenM Hotels at $2bn

Rattan Chadha, founder and executive chairman of citizenM, said that the hotel operator had received interest from 15 potential investors, most in the US and Canada, but agreed to a deal with GIC thanks to its experience in the hospitality sector. The Singaporean fund will take a 25 per cent stake in the 15-strong hotel chain, which citizenM said gives the business an enterprise value of €2bn.

27 Mar 2019

citizenM Secures GIC as New Investor

Rattan Chadha, founder and executive chairman of citizenM hotels said, “We are excited to have GIC as our new investor. This move will help strengthen our position as one of the leading affordable luxury brands in the industry.

26 Mar 2019 | Wall Street Journal

Singapore Government Taking Stake in Boutique Hotel Operator

“While the broader hotel industry’s nearly decadelong expansion looks vulnerable from new supply, and as U.S. economic growth shows signs of slowing, there is room for creative hotel concepts”, said Rattan Chadha, founder and executive chairman of citizenM.

10 Sep 2018 | Business Wire

citizenM New York Bowery to Open in September 2018

Rattan Chadha, the founder of citizenM, says: “When we were looking for our next New York location, it became clear very quickly that Bowery is an exceptional destination..."

2 Nov 2017

citizenM Chooses Duetto as its Revenue Strategy Partner

With an eye toward global growth, innovator citizenM becomes first to implement Duetto with Amadeus Cloud Property Management.  Amsterdam -- Duetto, hospitality's only Revenue Strategy Platform, announced today that it is implementing its GameChanger and ScoreBoard cloud applications for citizenM, bringing new insights on pricing and demand to a dozen citizenM properties in Europe and North America. citizenM becomes the first company to take advantage of the new integration between Duetto's Revenue Strategy Platform and Amadeus' Cloud Property Management.

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