Marriott International (MAR) said Monday it has agreed to acquire lifestyle brand citizenM and its related intellectual property for $355 million.
The citizenM global portfolio consists of 36 open hotels, comprising 8,544 rooms across over 20 cities, Marriott said, adding that the brand's pipeline includes three hotels under construction, totaling over 600 rooms.
Stablized fees for the portfolio, including the hotels under construction, are expected to be around $30 million per year, Marriott said.
The seller may also receive earn-out payments of up to $110 million based on the future growth of the brand over a specified, multiyear timeframe, Marriott said, adding that the payments would not begin until the fourth year following closing.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。