citizenM Hotels Appoints Jaap Tonckens as Advisor to the Board

Real Estate and Finance Industry Veteran Jaap Tonckens Joins citizenM's Advisory Board to Help Pursue Vigorous Global Growth Strategy

Netherlands, Amsterdam, Holland. June 10, 2021

citizenM, the Dutch lifestyle and hotel company, today announced the appointment of Jaap Tonckens, former Group CFO of Unibail-Rrodamco-Westfield S.E. ("URW"), as an Advisor to the Board.

A seasoned global executive, Tonckens (born 1962, dual Dutch and US nationalities) has extensive experience in commercial real estate financial leadership, capital markets, transactions, financing and corporate finance. Tonckens 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 Chief Financial Officer. Before that, he worked at Morgan Stanley & Co. in London and New York for over 14 years, with his final role there being Managing Director 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. 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."



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