Domio plans “financial re-engineering” across its business
US: New York-based apartment-hotel hospitality brand Domio has denied that it is planning to shutter permanently and sell off its remaining assets, as two investors in the company and documents viewed by The Information alleged. Instead, the company confirmed to ShortTermRentalz in a statement that it was “in the midst of a planned financial re-engineering across […]
Domio co-founders resign following Airbnb investigation
US: Apartment-hotel hospitality brand Domio delivered a bombshell on Friday night as it emerged that co-founders Jay Roberts [CEO] and Adrian Lam [chief strategy officer] had resigned from their roles at the company with immediate effect, following an investigation by Airbnb over alleged malpractice and violation of its trust and safety standards. As a result, […]
Airbnb bars Domio accounts over standard violation allegations
US: Short-term rental and aparthotel hospitality brand, Domio, has been accused of allegedly violating Airbnb’s trust and safety standards, which have prompted Airbnb to suspend the startup’s host accounts and listings for the foreseeable future. The alleged malpractice was reported by digital media company The Information, which is believed to have uncovered a sequence of […]
STRz podcast 12: Domio’s Jay Roberts on pivoting to management and franchising
US: Domio CEO and co-founder, Jay Roberts, joins the latest episode of the ShortTermRentalz podcast to discuss the introduction of more in-room technology post-Covid-19, the rebounds of leisure and business travel, and his company’s shift to a management and franchising model.
Domio appoints Quinn as first-ever chief development officer
US: New York-based apartment-hotel hospitality company Domio has announced it has appointed Brian Quinn as its first-ever chief development officer. Quinn has spent his entire career in hospitality, most recently serving as SVP of Development at Choice Hotels International, where he contributed to significant growth in its domestic pipeline to over 1,000 hotels — the largest in […]
Domio appoints Calvin Anderson as chief commercial officer
US: Short-term rental and aparthotel hospitality brand, Domio, has made another addition to its senior executive team, with Calvin Anderson being appointed as chief commercial officer. Anderson brings ten years of experience in high-growth technology and lodging companies to his latest role. Most recently, he became a founding member of OYO U.S. in Palo Alto […]
Domio hires Jim Mrha as its chief financial officer
US: New York-based hospitality brand startup Domio has hired Jim Mrha as its chief financial officer [CFO] as he switches from his role at Hilton Worldwide leading Americas Operations Finance. Mrha will bring more than 30 years of financial experience to the role, having also spent five years as the CFO of MGM Hospitality and 25+ years […]
Domio raises $100 million in Series B funding for expansion
US: Hospitality startup Domio, which designs then rents out aparthotels and furnished apartments on a short-term basis, has announced it has raised $100 million to expand its business in the United States and into 25 global markets by the end of 2020. The Series B funding includes $50 million in equity and $50 million in […]
Domio set to expand operations into South Florida
US: Short-term rental operator Domio is set to expand its operations into South Florida, according to South Florida-based real estate news website The Real Deal. Speaking to the website, co-founder and CEO, Jay Roberts, said the New York-based startup had paid around $1.45 million to lease 45 units at the beachfront Monte Carlo at 6551 […]
Domio increasing presence in corporate travel market
US: Domio CEO Jay Roberts has said his company is making strides in the corporate and group travel market, something that he says is the future of home-sharing. Speaking to Business Travel News, Roberts said: “Customers and business travellers are looking for consistency, especially business travellers. They need a clean bed, a room, fast Wi-Fi, […]