EasyHotels is to announce today a franchise agreement to open 10 budget hotels in Germany over the next four years. Financial Times

Sir Stelios Haji-Ioannou’s budget hotels group is to form an allinace with I.gen hotels, a vehicle set up by Berlin-based property developer Nippon Development Corporation, whose chief executive is Achim Marowsky, formerly of the Accor hotels group.

The hotels will have up to 120 rooms and the first, in Berlin’s Hackescher Markt, is expected to open by the end of next year.