Goldman Sachs invests in Inhabit IQ
US: Inhabit IQ, a provider of software for the property rental industry, has received “a significant investment” from Goldman Sachs’ merchant banking division. Goldman Sachs will join existing investors Insight Partners, Greater Sum Ventures and PSG as institutional shareholders in Inhabit IQ. The funding will provide additional capital that will enable Inhabit IQ to increase […]
Beijing bans vacation rentals close to Forbidden City
China: Beijing city authorities have banned ban vacation rental lettings in neighbourhoods near the Forbidden City due to “security concerns”. The city said the new directive, which also places stricter controls on rentals in other parts of the capital, is part of a move to tighten control of short-term apartment rentals across the city and […]
Sonder seeks growth in major Scottish markets
UK: Sonder has signed its first Glasgow property and plans to further grow its presence in Scotland. San Francisco-based Sonder Hotels currently has a single property in Scotland, the 30-unit Royal Garden Apartments in Edinburgh’s New Town. It will open its first Glasgow property, a 41-unit managed service apartment block in the Finnieston area, in […]