Property Management Startups Raising Billions of Dollars
The major players at the market of online rental resources in the world are still such websites as Booking-com, Airbnb-com, Trip-com, Expedia-com. But the market is developing. Here are the biggest investments made within the last years.
Indian startup. Recently raised $1 billion investment from SoftBank. It is valued at $5 billion. Operates in 6 countries. OYO is the most rapidly growing project in the world hospitality business. By the year 2023 it plans to manage more rooms than any other company in the world. The amount of rooms managed increases by 40 000 per month.
However, not everything in the company is going smoothly. After receiving $1 billion from SoftBank Indian company OYO Rooms entered the markets of the United Arab Emirates, Indonesia and Great Britain. The company founder Ritesh Agarwal announced that he is planning to spread his business in Europe. But there are some concerns that the company with $5 billion market-value apprisal can become bankrupt.
The company received $225 million at a valuation $1 billion. The Airbnb competitor will triple the number of units for rent with more than 8 500 units in 20 cities all over the world. The company is based in San-Francisco and it expects to have a $400 million revenue by the end of 2019 showing 4x increase.
A small American boutique hotel company raised $40 million for the brand developing. Founded in 2017 the company aims at combining community aspect of staying in a hostel and the convenience of boutique hotels.
The company announced a $15 million financing round closure. The project conception is “the best of a hotel without the worst of a hotel and the best of an Airbnb without the worst of an Airbnb”. The main idea is that a client receives an access to a property through the mobile phone. An app shows the site on the map so this way a client and an owner don’t meet each other. The company is based in New York and for now is developing only at American market.
Based in London short-term rental startup raised more than $9 million. The company aims at intermediation between owners and online platforms including Airbnb, Booking.com, HomeAway, etc. Startup helps owners to make reservations as well as arranges housekeeping services, check-ins/check-outs, property maintenance. Today the company operates in Great Britain, France, Portugal, Malaysia, and also in Hong Kong and Dubai.
Phuket9 company project, located in Phuket, hasn’t raised any outside investments and hasn’t been valued yet. It was founded in 2019. Hotels9 company already manages more than 250 units on Phuket island. In 2019-2020 the company plans to double the number of rooms. The company offers not only the entire property management but also hotel conception development and construction support. The experience of Hotels9 at Phuket market allows it to create the most effective hotel management pattern.
Phuket9 Company — real estate development company based in Phuket. Phuket9 runs own developments from 2004. From 2019 company offers professional real estate agency services providing complete information about all condominiums in Phuket. You may request complete details about any development in Phuket with rental income projections and re-sale options.
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