IKEA Teams Up With Marriott For Budget Hotels, Unveils Designs
Inter IKEA, the parent company of Swedish furniture giant IKEA, is joining forces with luxury hotel chain Marriott to launch a chain of European budget hotels.
Called ‘Moxy Hotels’, the three-star economical accommodations will be affordably priced, and have 150 locations across Europe over the next ten years.
The first of its kind will debut in Milan, Italy, in early 2014—moving on, it will also open in countries such as Germany, the UK, Netherlands, Belgium and Austria.
“We see a huge opportunity to expand our market share in Europe,” Amy McPherson, president of Marriott International in Europe, told Bloomberg. “The economy tier in Europe represents nearly half of total room supply, yet only 20% of these hotels are branded.”
Some designs of Moxy were unveiled, check it out below:
[via Marriott, images via PSFK]
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