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Frank Salt Real Estate to launch holiday home division
Reading Time: 2 minutesMalta: Maltese real estate firm Frank Salt Real Estate has announced its launch of a holiday home division. The company will be offering properties across popular holiday destinations on the islands of Malta and Gozo. Malta, an island nation with a significant amount of tourism, is being heavily afflicted by the global Covid-19 pandemic. Though […]
Vacasa secures $108m Series D round led by Silver Lake
Reading Time: 2 minutesUS: Vacation rental management platform Vacasa has announced a $108 million strategic investment round. The financing was led by existing investor Silver Lake with participation from other existing investors including Riverwood Capital and Level Equity. Silver Lake previously invested in Vacasa last October in a $319 million strategic investment round, with participation from the same […]
Airbnb Plus seemingly abandoned, teams either laid off or reassigned
Reading Time: 2 minutesUS: Airbnb Plus, the company’s brand signifying strong design acumen and quality standards, has seemingly been abandoned by the company. The company has either laid off or reassigned all team members working on the project. Airbnb Plus was initially established to create hotel-like standards for homes, featuring annual inspections for key items, and thresholds for […]
Loftium cuts staff, misses rent payments due to coronavirus
Reading Time: 2 minutesUS: Seattle based hybrid short-term rental firm Loftium has struggled to stay afloat due to the travel drop caused by the global pandemic. According to The Seattle Times, the company has laid off approximately half of its staff and has begun withholding lease payments to its landlords. Loftium was founded in 2017 as a platform […]