Sonder downgrades valuation expectations to $1.9bn for SPAC
US: San Francisco-based short-term rental lodging startup Sonder is downgrading its valuation estimate from $2.2 billion to $1.925 billion ahead of its proposed merger deal with special purpose acquisition company [SPAC] Gores Metropoulos II due to a “strategic revision of the transaction terms”. Sonder, which announced in April that it was set to go to […]
Christies Parks due to be sold for £9m+ offers
Scotland: Christies Parks, part of the third oldest family business in northeast Scotland, has gone on the market for the first time. The owner, Gordon Christie, has decided to retire and sell the three holiday parks with the support of international commercial real estate agents Colliers. The company is being marketed at offers of over […]
AirDNA: European rentals continue their journey to recovery
Denver / Barcelona: The second monthly review of the European short-term rental market published by short-term rental data and analytics provider, AirDNA, shows demand dropping by almost a quarter [24.8 per cent] in September 2021 compared to 2019, although this is 38 per cent up from September 2020. The rapid loss of supply at the start of […]
Rentals United unveils 2022 Top 50 Property Managers list
Barcelona: Channel manager Rentals United has announced its second annual World’s Top 50 Short Term Property Managers list. The challenges that surfaced from the pandemic have led to some striking changes from last year. In the list compiled by Rentals United, 50 companies are highlighted who are seen to be leading the way in vacation rental property management using state-of-the-art […]
Minut launches in Spain and Portugal
Spain / Portugal: Property monitoring company Minut has announced that it is officially launching in Spain and Portugal. Spain is one of the world’s leading travel destinations, and the vacation rental markets in both Spain and Portugal have been steadily growing over the past decade. That growth has especially accelerated in 2020/21, as travellers opted for the greater […]