Appointments

CitizenM appoints new advisor to board

Tonckens has extensive experience in commercial real estate financial leadership, capital markets, transactions, financing and corporate finance

Lifestyle and hotel company CitizenM has announced the appointment of Jaap Tonckens, former group CFO of Unibail-Rodamco-Westfield (URW), as an advisor to its board. 

Described as a “seasoned” global executive, Tonckens has extensive experience in commercial real estate financial leadership, capital markets, transactions, financing and corporate finance. 

He worked at URW in Paris and the US for more than 11 years, serving a number of roles including general counsel, chief investment officer and CFO. Before that, he worked at  Morgan Stanley and Co. in London and New York for over 14 years, with his final role there being MD in Leverage Finance.

Klaas van Lookeren Campagne, CEO of citizenM, said: “Despite the challenges of the pandemic, we are continuing to enjoy remarkable success with the citizenM model and are still pursuing a strategy of vigorous growth across Europe, USA, and Asia. 

“With his background and experience in real estate and finance, as well as his extensive network within these global communities, we know that Jaap will prove an enormous asset to our team as we pursue our ambitious growth and development plan for the company.” 

He added: “With both Jaap Tonckens and Frits van Paaschen based in the US, our significant growth plan in this area is even further supported, and we are delighted to be able to receive their strategic advice and guidance. As a disruptive brand ourselves, we are excited to bring Jaap’s innovative approach to strengthen our board.”

CitizenM is a Dutch hotel group, and its current portfolio has 21 hotels in 14 cities: London, Glasgow, Amsterdam, Rotterdam, Paris, Copenhagen, Zurich, Geneva, New York, Boston, Seattle, Washington DC, Taipei and Kuala Lumpur.

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