Marriott International Group announced that it will acquire citizenM Hotels.

On April 29, Marriott International announced that it had reached an agreement to acquire the innovative lifestyle brand, citizenM. After the transaction is completed, Marriott International will pay $355 million to acquire the citizenM brand, including related intellectual property. With the completion of the transaction, the citizenM product portfolio will be integrated into the Marriott International system. The hotels currently owned and operated by the seller will enter into new long-term franchise agreements with Marriott, and it is expected that the stable costs of existing and under-construction projects will amount to approximately $30 million per year. Currently, citizenM has 36 hotels worldwide with 8,544 rooms, located in over 20 cities in the United States, Europe, and the Asia-Pacific region. There are 3 upcoming projects under construction, expected to open in mid-2026, with a total of over 600 rooms.