Marriott to Acquire CitizenM for $355 Million, Expanding Urban Lifestyle Offerings

Marriott International announced Monday that it has reached an agreement to purchase CitizenM, a lifestyle hotel brand known for its compact, tech-savvy rooms and playful, minimalist design, for $355 million. The move, according to a statement, will significantly expand Marriott’s footprint in major urban centers worldwide.

The acquisition will bring…