According to media reports, the budget design chain Motel One wants to go public. “We are currently preparing for an IPO,” said founder and chairman of the supervisory board Dieter Müller to the industry publication AHGZ. The IPO should be completed in the next two to three years. It is being examined whether another private equity investor will be taken on board. Today’s Proprium Capital fund would like to sell, said Müller. The fund holds 35 percent and took over the shares from Morgan Stanley in 2019.
Motel One, based in Munich, is owner-managed. Müller assumes a company value of between 4.5 and five billion euros, including the real estate subsidiary.
Regarding the reasons for the planned IPO, Müller said that a large number of shareholders in the second and third generations no longer have such a close connection to the company. He assumes that the family will continue to support the company even after the IPO and that this will be reflected in the share distribution.