AvantStay to launch hybrid hotel-residence The Code in Austin
US: Real estate development firm Pearlstone Partners in collaboration with vacation rental platform AvantStay will launch The Code in Austin this December.
AvantStay undergoes third layoffs round in 12 months
US: Los Angeles-based premier next-generation hospitality platform AvantStay has cut a further 37 jobs, equating to 10 per cent of its overall workforce, representing the company’s third round of redundancies in the last 12 months.
AvantStay cuts 22 per cent of workforce in latest round of redundancies
US: Los Angeles-based premier next-generation hospitality platform AvantStay has announced a further round of job cuts, reducing its workforce by 144 people [22 per cent of its overall team].
AvantStay raises $160m in Series B funding round
US: Premier next-generation hospitality platform AvantStay has announced that it has closed a $160 million Series B funding round. The round was co-led by private investment firm Tarsadia Investments and multi-stage global growth equity firm 3L Capital. Existing investors Bullpen Capital and Convivaialite also participated in the raise. Joining them are a new group of […]
AvantStay accelerates growth and US market expansion
US: Premier next-generation hospitality platform AvantStay is maintaining its rapid growth and market expansion strategy by adding a large portfolio of homes in Oahu, Hawaii; Joshua Tree, California; Charleston and Hilton Head, South Carolina; Vail, Colorado; and Smoky Mountains, Tennessee. The property additions brings AvantStay’s portfolio to more than 600 homes in the United States, […]