Frontdesk buys Zencity to grow tech-driven hospitality offering
US: Milwaukee-based short-term rental property management startup Frontdesk has announced the acquisition of Chicago-based short-term rental operator Zencity.
Chicago approves new vacation rental restrictions
US: The Chicago City Council has approved an ordinance placing greater restrictions on vacation and other short-term rentals. The measure hopes to put a stop to rented “party houses” in the city. The city of Chicago initially passed regulations limiting short-term rentals in 2016, categorising rentals between residential and vacation rentals. These added registration requirements […]
Short-term rental rates rise near Chicago
US: Though the Chicago hospitality market is still struggling as a result of the pandemic, areas within driving distance of the city are seeing rate growth. According to AirDNA, bookings on Airbnb rose 200 per cent in popular vacation spots Saugatuck, Michigan, and Lake Geneva and Door County, Wisconsin. Tim Radunez, a local host, said […]
ENVITAE to offer free stays for first responders and medical staff
US: Luxury short-term rental provider ENVITAE is openly offering free stays for first responders and medical staff actively fighting the COVID-19 pandemic in Baltimore, Chicago and Long Beach. Medical staff and first responders can stay for up to 5 days free of charge, and extend their stay at heavily discounted rates. The company’s CEO, Josh […]
Sonder announces investment and growth in Chicago
US: San Francisco-based apartment operator Sonder has raised $225 million in a fourth round of private equity funding, with estimations valuing the company’s investment at about $1 billion. The investment has been led by Valor Equity, Westcap and Nicolas Pritzker’s Tao Capital Partners, with participation from Fidelity, Atreides Capital, ARod Corp, Spark Capital, Inovia Capital […]
Domio announces acquisition of Chicago-based Reserve Rentals
Chicago: Domio has announced it has acquired Chicago-based Reserve Rentals for $1.4M to expand its apart-hotel accommodations to Chicago. The acquisition will give Domio instant access to its eighth market in America. Reserve Rentals’ 32 multi-room units will join existing properties on the Domio platform in Austin, Nashville, San Diego, Boston, New Orleans, New York […]