Marriott to acquire lifestyle hotel brand citizenM for $355M

  • Marriott International Inc (NYSE:MAR) said on Monday it has reached a deal to acquire citizenM, a Netherlands-based lifestyle hotel brand, for $355 million, expanding its portfolio in the fast-growing select-service and lifestyle segments. The deal is expected to accelerate Marriott's global expansion and strengthen its offerings for value-conscious and tech-savvy travelers, the company said.