Head of Development

Morten Høiseth, Head of Development at Citybox Hotels

Morten Høiseth

Chairman

Martin Smith-Sivertsen

Think you have a project where we could fit in? Feel free to contact us!

Helsinki

Citybox Helsinki is opening in 2024. We are opening our very first hotel in Helsinki together with Ylva. The hotel will have 178 rooms located in one of the most sustainable hotel buildings in Finland.



The brand-new building project, Lyyra, is being built in Hakaniemi. It includes an office block, an apartment building, and a hotel. Upon completion, Lyyra will accommodate several new services to the area. This includes cafés and restaurants along a pedestrian street covered by terraces. Citybox will provide functional and affordable, high-quality accommodation to those visiting Helsinki.



“I’m very pleased to be able to welcome Citybox to Helsinki. The Citybox concept and the Kallio neighborhood are a true match, and both parties are eager to see the hotel open. It’s also great to see that the operators in the hospitality business are able to look into the future despite the challenging market situation”. Ylva’s Real Estate Director Ville Vaarala.



<h3 class="wp-block-heading">Partnering up with Ylva</h3>



“We are excited to have partnered up with Ylva for our first hotel in Finland. Lyyra provides everything we are looking for in a new project. A vibrant area and an exciting building with an owner that shares our vision for the future regarding sustainability, says Citybox Chairman Martin Smith-Sivertsen.



“Opening Citybox Helsinki is in line with our strategy to expand to cities in the Nordic and Baltic countries, as well as selected cities in northern Europe. We are sure that Helsinki and Ylva are a perfect match for Citybox. The city needs a modern hotel that focuses on sustainability. We can offer low rates in a hotel market with limited budget alternatives. We are really looking forward to the opening, and we are sure that this is something that the market will love.”, says CEO of Citybox, Eivind Hjulstad.



Relying on Scandinavian design, Citybox provides innovative solutions with services based on digital user experience. We&#8217;re talking efficient room layouts, and fuss-free services without making compromises in quality or customer experience.



<h3 class="wp-block-heading">The most sustainable hotel building in Finland&nbsp;</h3>



In Lyyra, sustainability comes first in everything, the building process included. One of the main objectives of this project is to construct Finland’s most sustainable hotel building. Ylva is in the process of applying for the international LEED Platinum certificate for the building. LEED is globally recognized as the highest symbol of sustainability, achievements, and leadership. All parts of Lyyra, including Citybox’s premises, are applying for the highest energy class (Energy Class A) regulated by the Finnish Ministry of the Environment. 



The hotel’s interior will have a strong focus on sustainable materials, with an emphasis on longevity and functionality. One of the chain’s most identifying features is its use of Bolon-flooring throughout its hotels. The flooring is made of woven vinyl, designed and manufactured in Sweden. Recycled materials are used in 100% of the collections, and the maintenance is chemical-free. It is also recommended by the Norwegian Asthma and Allergy Association.

Finland

Citybox Helsinki

Stockholm

104 rooms in Slussen, central Stockholm.



Rooms: 104



3 950 m²



Opening 2024



For a long time, Citybox Hotels has been looking for a potential location for their first Swedish hotel.&nbsp;



– Finally, we have found the perfect location in Stockholm! Katarinahuset is located right by “Gamla stan” and has excellent connections with public transport. We couldn’t pass up the opportunity to open a hotel with Atrium Ljungberg in a unique location like Katarinahuset. The signing of Citybox Stockholm will strengthen our position in the Nordic market and bring us one important step towards becoming one of the leading hotel chains in Europe within the budget segment, says Martin Smith-Sivertsen, chairman of Citybox Hotels. &nbsp;



-Stockholm is an exciting city with many great hotel concepts. We are sure there is room for a modern budget hotel like Citybox&nbsp;in Stockholm. Perhaps even several, concludes Martin Smith-Sivertsen. &nbsp;



The hotel is the chain’s ninth signing and will open in 2024, the same time as Citybox Helsinki. &nbsp;



<h3 class="wp-block-heading">A modern meeting place for business, tourism and culture</h3>



Slussen has been a central place since Stockholm was founded. The area is being developed from a traffic hub into a modern meeting place for business, tourism, and culture. After the rebuild, cars and buses will be moved underground to make way for parks, shopping areas, and walkways. Katarinahuset lies at the heart of Slussen and is now being rebuilt and modernized.&nbsp;



– Citybox Hotels is an exciting modern hotel concept with very high ambitions. Through innovative solutions, they offer guests modern, functional, and reasonably priced hotel rooms in the middle of the city center. The fact that they now choose Katarinahuset for their first hotel in Sweden says a lot about how attractive Slussen is, says Camilla Waxin, Leasing Manager at Atrium Ljungberg.&nbsp;



– Citybox Hotels will be an excellent addition to the mix of modern companies that have chosen to establish themselves here, concludes Camilla Waxin. &nbsp;



After the reconstruction of the Katarinahuset, the building will receive the environmental classification BREEM Excellent. That is one of the highest awards for building sustainability. When the hotel opens, it will also apply for Green Key certification in line with the hotel chain’s work for more sustainable hotel operations. Green Key is the leading environmental certification within hotels and tourism. &nbsp;



The lease for Citybox Stockholm is a “green lease” – an agreement between landlord and tenant on joint measures to maintain and improve the premises’ environmental footprint.&nbsp;

Sweden

Citybox Stockholm

Brussels

246 rooms



9250 m²



Opening 2024



Hotel property with 246 rooms in central Brussels. The hotel will be the chain’s second in Belgium and is set to open during the first half of 2024. With the hotels now signed, Citybox Hotels will almost double the number of rooms from 1126 to 2096.



-Signing a hotel of this size and in such a good location in Brussels is a big breakthrough for Citybox Hotels. Finding a property like this is something we have been working on for years. We are very proud of signing Citybox Brussels and that it is happening in collaboration with such a large and professional player as Pandox. Now we can’t wait to bring the Citybox concept to yet another European city, states Martin Smith-Sivertsen, Head Chairman of Citybox Hotels. &nbsp;



“It feels very good to start a cooperation with Citybox. It is an expansive and ambitious operator with a distinct and modern concept in the budget segment. The hotel concept suits the hotel property very well and attracts a different type of demand compared to our other hotels in Brussels. The lease is attractive with good minimum levels and proves well how Pandox’s active model for value creation works in practice”, says Liia Nõu, CEO of Pandox.



<h3 class="wp-block-heading">Opening in 2024</h3>



Citybox Brussels is the first cooperation between Citybox Hotels and Pandox. The hotel will open in the property currently operated by NH Brussels Louise, which Pandox acquired earlier in 2022. NH will continue to operate the hotel until the start of renovations in April 2023. Renovations will cover all parts of the property, including BREEAM certifications. The hotel is set to open in the first half of 2024 under the Citybox brand. The lease runs over 25 years with an option for a further 10 years.&nbsp; &nbsp;



“This is the first time we will open a hotel without the property being a new build or going through a total renovation. Taking over an existing hotel property enables us to grow more quickly. That makes it easier to fulfil our plan to grow from 6 to 60 hotels. With the signed hotels, we are already at 10, and will go from 1126 to 2096 rooms, says Martin Smith-Sivertsen.&nbsp; &nbsp;



-Our goal is to become one of the leading hotel chains within the budget segment in Europe. With the hotels we currently operate and those we have signed in the Nordic and Benelux countries, we are well on our way, states Smith-Sivertsen.&nbsp; &nbsp;



Citybox Brussels will be the chains second hotel in Belgium after the opening of Citybox Antwerp in August 2021.&nbsp; &nbsp;



-We opened Citybox Antwerp in the middle of the pandemic. Despite this, the hotel has delivered great results. We expect to see green numbers in the first full year of operation. So far this year, it has had an occupancy of 72%, which is well above the city average, says Smith-Sivertsen.&nbsp;

Belgium

Citybox Brussels

Stavanger

Rooms: 121 Opening in 2024



Citybox has recently signed a long-term lease agreement with property developer Aton for 123 rooms in the center of Stavanger. This new hotel will be our first establishment in Stavanger. It is planned to open in Q2 2024 at Klubbgata 3.



“We are very grateful to Kjell and Tommy Madland at Aton for giving us this opportunity, and we look forward to a good long-term collaboration,” says Chairman of Citybox, Martin Smith-Sivertsen.



“Klubbgata is the ideal location for a Citybox-hotel in Stavanger. It is located in the city center, right by the charming wooden house area, and only 100 meters from Norway’s finest cathedral. The location is perfect for transportation, whether guests arrive by train, bus, boat, or car. Stavanger is an incredibly dynamic and charming city, and we have wanted to establish ourselves here for a long time. If everything goes according to plan, we will open in time to participate in the magnificent 900th anniversary of the city and the cathedral,” continues Martin.



<h3 class="wp-block-heading">The 11th signing</h3>



This signing in Stavanger marks Citybox’s eleventh signing, and the hotel chain will more than double the number of rooms. Citybox has several other hotels in the pipeline, including Citybox Helsinki, Citybox Stockholm, and Citybox Brussels, which will open in 2024. Furthermore, Citybox Kristiansand and Citybox Tromsø are also in the pipeline.



The hotel chain had an impressive year in 2022. The hotels generated an “all-time high” revenue of 269 million, almost 50 million above budget. Citybox Oslo and Citybox Bergen also had the highest occupancy rates in their respective cities, with 88.8% and 77.6%, 28% and 20% higher than city averages.



Tommy Madland, project manager at Aton, expressed his satisfaction with the collaboration agreement. He praised Citybox’s impressive growth and steady results. Aton is now in the process of converting the interior of the hotel mass, and the building is expected to be ready in the first half of 2024. Madland is confident that the excellent location of the property will make this a successful collaboration for both parties.

Norway

Citybox Stavanger

Kristiansand

Together with Qvartal 1(Oksøy Eiendom AS and Gumpen Eiendom AS), Citybox is opening a brand new hotel in the center of Kristiansand. The hotel is set to open in 2025 with 165 rooms. Citybox will temporarily take over the operation of the former Yess! -Hotel, under the name Citybox Lite until the last construction phase in 2024. Citybox Lite opens its doors to guests on 1 June 2021.



Opening date: 2025



155 rooms



Developer:&nbsp;Qvartal 1 AS (Oksøy Eiendom AS og Gumpen Eiendom AS)

Citybox Kristiansand

Tromsø

Despite hard times, Citybox continues the chains planned expansions and signs an agreement with Eiendomsspar for 346 rooms in central Tromsø. When opened, the hotel will be the largest in Northern Norway.&nbsp;



– We are confident that Citybox and the exciting city of Tromsø will be a good match, where we can offer affordable hotel rooms to the market without compromising on quality, says chairman of Citybox, Martin Smith-Sivertsen.



The planned hotel will be part of a larger development of the former Mack-property. It will consist a market street with restaurants, offices, a school, and a possible Arctic concert hall. The plan proposal will soon be up for consideration in the municipality.



Citybox has, for a long time, wanted to establish a hotel in Tromsø. With a modern concept and a low price level, they, together with Eiendomsspar, want to make Tromsø more accessible for travelers looking for affordable accommodation.



– As a developer, we think long-term, and we are not going to let a pandemic shake our assessment of Tromsø as a tourist destination of the future. Tourism will be an even more important industry for the city once the world can reopen. We are glad to have partnered up with Citybox who runs a modern and future-oriented concept. Soon, the city’s tourism industry can offer guests good quality accommodation at a lower price. This will make it possible for many people to experience Tromsø, says Deputy CEO of Eiendomsspar Sigurd Stray.



At Citybox you won’t find an old-fashioned reception or minibar. Guests check-in and out via terminals, and in this way, they save both time and money while traveling.



-Our concept is all about keeping prices low by offering new, simple, and modern rooms. Modern frequent travelers don’t want to pay for decorative pillows or in-room minibars. We focus on what our guests value the most. A new and modern hotel room with Scandinavian design, a good bed, speedy self-service check-in, and most important of all: value for money, says CEO OF Citybox, Eivind Hjulstad.&nbsp;



2020 was challenging for the hospitality industry. With substantial travel restrictions still in place, Citybox is not expecting the start of this year to be easy. Still, they are going forward with the chain’s planned expansion.



– Corona has been difficult for everyone in the tourism industry. Now we can see the light at the end of the tunnel. We strongly believe that the tourism industry, especially in Tromsø, will make a strong recovery after the pandemic, says Hjulstad.

Citybox Tromsø

Rethinking hotels

Citybox Oslo

Citybox Bergen City

Estonia

Citybox Tallinn

Citybox Bergen Danmarksplass

Citybox Antwerp

Citybox Kristiansand Lite

A large size meeting room with all the amenities you need. Projector and canvas, all connectivity options and free wi-fi. Setup of desks in possible on request. Accommodation: Oslo: 70 pax, Bergen: 44 pax in &#8220;cinema&#8221; setup.

Picture of the meeting room, Megabox, at Citybox Bergen

Megabox

A medium size meeting room with all the amenities you need. Projector and canvas, all connectivity options and free wi-fi.&nbsp;Setup of desks in possible on request. Accommodation: Oslo/Tallinn: 50 pax in &#8220;cinema&#8221; setup.

Picture shows the inside of a "Midbox" meetingroom in a Citybox hotel.

Midibox

A small size meeting room with all the tech you need. Large flat screen tv, all connectivity and free wi-fi. Accommodation: Oslo/Antwerp: 12 pax, Tallinn 8 pax, Bergen 7 pax.

Picture shows the inside of a "Minibox" meetingroom in a Citybox hotel. The room has a table with six grey chairs and plants on the wall.

Minibox

Image shows the facade of Citybox Antwerp.

Our concept combines high space efficiency, low operating costs, and good profitability to form the basis for successful property investments. This positions Citybox hotels as a prime investment opportunity for property developers. Citybox has connected investors and can also step in as a co-investor.
<ul>
<li>Flexibility: Both fixed and revenue-based lease agreements</li>
<li>Long-term: Secure lease contracts spanning 20+ years, supported by guarantees</li>
<li>Design: Benefit from our in-house design team’s expertise</li>
</ul>
Got a project you think we’d be perfect for? Don’t hesitate to reach out!

Hotellien uudelleenajattelu

Edulliset design-hotellit

Toiminnassa olevat hotellit

Citybox Oslo

Citybox Bergen City

Citybox Tallinna

Citybox Bergen Danmarksplass

Citybox Antwerpen

Citybox Helsinki

Citybox Kristiansand Lite

Suunnitellut tulevat julkaisut

Citybox Helsinki

Citybox Tukholma

Citybox Bryssel

Citybox Stavanger

Citybox Kristiansand

Citybox Tromssa

Mahdollisuudet

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Morten Høiseth

Martin Smith-Sivertsen