Tristan Capital to Buy EasyHotel in Bet on Budget Travel

The sale of EasyHotel underscores how hard it was for the brand's founder to replicate his success with airlines in the hotel world. It also reveals one real estate investor's faith in budget hotel investments in Europe.

EasyGroup, the company behind Sir Stelios Haji-Ioannou’s 'easy' family of brands, has agreed to sell budget hotel chain EasyHotel to real estate investment management company Tristan Capital Partners.

Tristan is taking over EasyHotel's outstanding share capital for €196.13 million (about $222 million). When added to its prior stake, the transaction values the brand at around €242 million ($274 million).

Last August, Skift reported that EasyHotel was "exploring various strategic options, inclu