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Airbnb to invest $25m in affordable housing projects
Reading Time: < 1 minuteUS: Airbnb is pledging $25m to invest in projects aiming to support, build and preserve affordable rental housing in California, by launching a new pilot programme. Focusing on the Bay Area and Los Angeles County, the Community Impact Investing programme, will work in partnership with RBC Global Asset Management. It will join forces with local […]
SASMEA 2019 interviews: Rami Shamaa and Paul Mallee, Maison Privee
Reading Time: < 1 minuteUAE: In the first of our SASMEA 2019 interviews, Maison Privee co-founders Rami Shamaa and Paul Mallee spoke to ShortTermRentalz about their $100m luxury villa portfolio on Palm Jumeirah and the swell of short-term rental companies setting up in Dubai. For more information, visit the Maison Privee website here.
Airbnb sets 2020 as target for initial public offering
Reading Time: 2 minutesUS: Airbnb, the world’s largest broker of private lodging for tourists, has announced in a brief statement that it expects to become a public trading company in 2020. The home-sharing firm, which claims to have seven million listings in over 100,000 cities on its platform, had looked set to go in for an initial public […]
Chengjia finalises $300m Series A funding round
Reading Time: < 1 minuteChina: Hotel-style short-term rental provider Chengjia has announced it has raised $300 million in a Series A funding round to grow its rental business across its eight brands. The round was led by Boyu Capital with other participating investors including Yunfeng Capital, Ascott and CCB International; the latter being the investment banking arm of China […]