Marriott Reaches Deal to Buy CitizenM

Key Points

• Marriott International agreed to acquire the lifestyle hotel brand CitizenM for $355 million, adding 36 hotels and over 8,500 rooms to its portfolio.
• The U.S. hotel construction pipeline remains robust, with Dallas, Atlanta, and Nashville leading in new projects, and forecasts showing continued growth through 2026.
• Significant hotel activity was reported globally, including new hotel projects in the Middle East, Europe, and Asia Pacific, as well as renovations and brand expansions across various regions.

Summary

Marriott International has reached an agreement to acquire CitizenM, a global lifestyle hotel brand with 36 hotels and over 8,500 rooms, for $355 million. The U.S. continues to see strong hotel construction activity, with cities like Dallas and Atlanta leading pipelines and numerous new hotels set to open through 2026. Globally, hotel development and openings remain active, with notable projects and expansions in Europe, the Middle East, Asia Pacific, and the Americas, alongside significant renovations and branding initiatives.