Lyric to operate Manhattan Q&A aparthotel
US: Furnished Quarters has announced it has formed a strategic alliance with Lyric for the latter to operate Q&A Residential Hotel in Manhattan. Lyric, which recently raised $160m in a funding round led by Airbnb, claims to be “the leading tech and data-powered real estate and lifestyle hospitality company”. The firm will now have its […]
CorpHousing Group announces official launch
New York: U.S.-based short-term apartment rental operator CorpHousing Group has announced it has officially launched. The rental operator prioritises assembling and managing proprietary “Class A” multi-family real estate properties throughout the United States. For the past 18 months, the company has undergone a strategic growth period, in which it scaled up a portfolio of short-term […]
Rental startup Recharge to add private homes to platform
San Francisco: Short-term rental startup Recharge is reportedly planning to add private homes to its platform, following a $10 million funding round. The San Francisco-based startup allows hotels to rent out their rooms for short-term periods of minutes or hours at a time, promoting them as private spaces where they can catch a “nap”. Recharge […]
Airbnb toasts “best quarter ever” with revenue exceeding one billion dollars
San Francisco: Airbnb has said it has had its “best quarter ever” with its revenue taken in during the past three months exceeding a billion dollars. Airbnb said in a memo: “The third quarter of 2018 was the strongest quarter in Airbnb history, and the first quarter in which Airbnb recognized substantially more than $1 […]
Domio raises $12 million to accelerate development of technology platform
United States: New York-based travel technology platform Domio has announced it has raised $12 million in Series A funding this week. The round of funding was led by Tribeca Venture Partners. SoftBank Capital NY and Loric Ventures also participated in this round. Following this round of funding, Domio is planning to accelerate the development of […]
NetChoice says New York short-term rental law ‘violates’ the U.S Constitution
New York: Trade association NetChoice has argued the New York short-term rental law, Local Law 146, violates the Fourth Amendment of the U.S Constitution and needs to be amended. The association of eCommerce businesses and online consumers says the controversial bill, which was passed by the New York City Council (NYC) Council and signed into […]
New York-based Domio aims to become the ‘Airbnb of group travel’
United States: Vacation rental company Domio aims to become the ‘Airbnb of group travel’ after announcing a $50 million joint venture with private equity firm Upper90 to open aparthotel properties. The New York-based company is renting out curated vacation apartments to group travellers and started out by targeting young people travelling together in groups. It […]
Airbnb lobbies at state level to prevent cities imposing short-term rental restrictions
United States: The expansion of Airbnb in the U.S has prompted city councils and mayors in states such as Florida and New York to pass new laws on how such companies can operate. In recent months, Airbnb has sought to install more permissive measures in Florida and Tennessee after cities in those states tried to […]
New York-based private equity firm acquires stake in Getaroom
United States: The co-founders of Getaroom.com have sold a majority stake in the business-to-business hotel and vacation rental provider to New York-based private equity firm, Court Square Capital Partners. Getaroom President, Bob Diener, said he and Dave Litman, long term business partner and Getaroom CEO, retain a substantial minority stake in the company but have […]