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Locale raises $11m in Series A funding round
Reading Time: 2 minutesUS: Austin-based upscale aparthotel brand Locale has announced that it has raised $11 million in Series A funding. The round was headed up by Amplo, with participation from Susa Ventures and Metropolis Capital Partners. The latest round brings the firm’s total funding to date to $14 million. Locale, founded in 2016, aims to convert apartments […]
Vacasa appoints Jeff Flitton as company CTO
Reading Time: 2 minutesUS: Vacation rental management platform Vacasa has announced that it has appointed Jeff Flitton as its chief technology officer, who was previously the company’s vice president of engineering. Flitton takes over the role following the departure of former CTO Tim Goodwin, who is relocating to California to pursue a new opportunity as CTO of healthcare […]
Denver building leased by Sonder sold for reported $6.25m
Reading Time: 2 minutesUS: A Denver building leased by hospitality start up Sonder has been sold for three times its initial purchase price. Run as The Essex Hotel by Sonder, the former hotel building is noted to be the first Airbnb-hotel hybrid of its kind. The building, which was first purchased by a Denver based property firm GM […]
Virtual tour tech growing in vacation rental sites
Reading Time: 2 minutesWorldwide: In a market that is becoming more crowded than ever before, services are looking at the virtual tour as a way to separate their property from others. Though the technology has been in use in the traditional real estate market for a few years, vacation rental companies are only just beginning to use the […]
Case study: Avoiding the financial blues on Blue Monday
Reading Time: 3 minutesUK: Homeowners waking up on Blue Monday can look to the sharing economy revolution to end the financial blues this year, according to the UK Short-Term Accommodation Association [STAA]. UnderTheDoormat CEO and STAA chair, Merilee Karr, said: “Many people will be looking at their bank balances and credit card bills on Blue Monday and wondering […]
AB Apartment Barcelona “pioneers” check-in software
Reading Time: 3 minutesSpain: Apartment rental agency AB Apartment Barcelona says it is pioneering a software which offers its guests the opportunity to check in online before arriving. The tourist rental market is booming, and last year, overnight stays in tourist apartments have increased compared to hotels. It means that rental management companies in Barcelona must prioritise innovation […]
Short Term Rentalz · STRz podcast 14: I-PRAC’s Chris Maughan assesses trust in the future rental landscape
Reading Time: < 1 minuteShort Term Rentalz · STRz podcast 14: I-PRAC’s Chris Maughan assesses trust in the future rental landscape
Mortgage lenders expect rise in holiday let loans
Reading Time: 2 minutesUK: With the shadow of Brexit impacting on travellers’ wallets and their options, mortgage lenders are expecting to see a rise in holiday let investment. 85 per cent of brokers in the UK are predicting a rise in applications for holiday let loans, with 29 per cent of those expecting that to be significant. Simon […]