Cycas Hospitality

Cycas Hospitality is a hotel management company operating across the extended-stay and mainstream hospitality sectors. Its specialist areas include double decker hotels,[1] property development and asset management. Cycas operates in the UK, the Netherlands,[2] Belgium,[3] France[4] and Germany.[5]

Cycas Hospitality
IndustryHospitality
HeadquartersHouthavens, Amsterdam, The Netherlands
Number of locations
24 hotels
3,808 Rooms (January 2019)
Key people
Matt Luscombe (CEO)
Eduard Elias (Co-founder)
John Wagner (Co-founder)
ProductsHotels
Websitecycashospitality.com

History

Cycas was founded in 2008 by John Wagner and Eduard Elias.[6] In October 2017, the Thai family-owned Hua Kee Group acquired 1/3 of Cycas Hospitality for an undisclosed amount and became a co-investment partner into Cycas' growth.[7] In 2019, Matt Luscombe became the company's first official CEO.[8]

Partners

A white-label partner working with global hotel franchise brands and international investors in Europe, Cycas is the biggest extended-stay operator for IHG's Staybridge Suites brand and also works with Marriott's Residence Inn and Hyatt across Europe. Cycas also helped develop the dual-branded hotel concept in the region for each company[9] and, in June 2019, announced a partnership with Quest Apartment Hotels[10]; a member of The Ascott Limited (Ascott).

Cycas Hospitality's partners include InterContinental Hotels Group, Marriott International, Hyatt, Accor, Quest Apartment Hotels[11], CLS Holdings.[12]

Awards
  • 2018: Best Employer Award - The Cateys 2018[13]
  • 2018[14] and 2019[15]: The 30 Best Places to Work in Hospitality
  • 2018: Industry Inspiration (John Wagner) - Serviced Apartments Awards 2018[16]
  • 2017: Investment in People Award - ASAP Serviced Apartments Industry Awards[17]

References
  1. Baker, Terence (15 October 2018). "Cycas focuses on dual brands extended-stay in Europe". Hotel News Now.
  2. Rolt, Amber (31 January 2018). "Cycas Hospitality expands in Europe". Estates Gazette.
  3. "Cycas secures deal to manage Belgium's first Residence Inn". Property Magazine. 27 November 2018.
  4. Manzoori-Stamford, Janie (10 April 2018). "Cycas Hospitality makes France debut with Hyatt deal". The Caterer.
  5. "Cycas enters German market with management of Element Frankfurt Airport hotel". Relocate Magazine. 8 January 2019.
  6. "Cycas Hospitality Joins The Association Of Serviced Apartment Providers (ASAP)". HospitalityNet. 12 December 2016.
  7. "Cycas Hospitality secures a strategic investment from Hua Kee". Europe Real Estate.
  8. "Cycas appoints Matt Luscombe as company's first CEO". The Caterer. 2019-02-12. Retrieved 2020-01-27.
  9. "A dual to the death or a dual in the crown? Current trends in hotel branding" (PDF). HVS / Hospitality.Net. June 2016.
  10. Dyson, Molly (2019-06-12). "Quest appoints Cycas to operate Liverpool property". Buying Business Travel. Retrieved 2019-06-13.
  11. Hall, Nick (29 October 2019). "Quest launches inaugural UK hotel". Inside Franchise Business.
  12. Harmer, Janet (28 January 2015). "IHG's Staybridge Suites opens in London's Vauxhall". The Caterer.
  13. "Cycas Hospitality UK - Winner of Best Employer Catey at the 2018 Cateys". The Caterer.
  14. "The Best Places to Work in Hospitality 2018". The Caterer. 26 April 2018.
  15. "The Best Places to Work in Hospitality 2019". The Caterer. 17 May 2019.
  16. Sell, George (20 March 2018). "Serviced Apartment Awards 2018 winners honoured in London".
  17. "The 2017 ASAP Serviced Apartment Industry Award Winners". ASAP (Association of Serviced Apartment Providers). December 2017.
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