Stay Alfred CEO and founder, Jordan Allen, said: “We are thrilled to bring Ed aboard. With more than two decades of legal experience, in addition to his deep and thorough knowledge of worldwide markets, he’s an ideal fit for our team.
“Ed is an extremely talented, strategic thinker with a distinguished track record in transactional real estate law,” he added.
Farrell joins Stay Alfred from tech giant Oracle, where he served for more than four years as managing counsel of global real estate.
In that role, he managed legal for transactions and operations across the United States, Europe, the Middle East and Asia-Pacific for a portfolio of 600-plus owned and leased facilities while providing strategic advice to management and the board of directors.
Farrell said: “I am incredibly excited to join the Stay Alfred team. I’ve worked on the other side of deals with market-changing real estate companies, and this is a great opportunity to contribute to an emerging market of alternative accommodations.
“Stay Alfred has consistently been an industry leader in compliance and licensing, and I look forward to helping the company keep paving the way for travel apartments as a key and evolutionary component of the hospitality industry,” he added.
Prior to the role, Farrell held positions as deputy general counsel at Catholic Health Services of Long Island, a partner at Farrell, Farrell & Burke and an associate at Townley & Updike.
Throughout his career, Farrell has served on multiple professional boards including American Red Cross in Greater New York, Nassau County Bar Association and International Ocean Film Festival. He earned a bachelor’s degree in political science from Duke University and a JD degree from Duke University of Law, and is licensed to practice law in New York.
Stay Alfred has grown to 2,500 travel apartments across more than 30 top U.S. markets and has hosted more than 800,000 guests.
While the alternative accommodation space continues to spawn new players in response to increased traveller demand, Stay Alfred says it has established a “unique and scalable foothold” in downtown neighbourhoods. The startup holds full building and multi-floor long-term partnerships with a number of leading developers and property management companies across the United States.
For more information, visit the Stay Alfred website here.