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Cosi secures €20m to fund European expansion
Reading Time: 2 minutesGermany: Berlin-based hospitality startup Cosi Group, which provides an alternative offering to short-term rental apartments and boutique hotels, has secured €20 million in investment to fund its European expansion plans. The round has been led by Vienna-based real estate development firm Soravia, as well as venture capital companies and existing investors, Cherry Ventures, e.ventures, Kreos Capital […]
Guestia acquires home-sharing startup Airgreets
Reading Time: 2 minutesGermany: Vienna-based vacation home rental agency Guestia has announced that it has acquired Munich-based home-sharing startup Airgreets from the Morton Group, with help from early-stage startup investor Falkensteiner Ventures. The acquisition will be a merger deal, meaning that the merged company will in future continue to operate under the Airgreets brand within Guestia’s growing portfolio. […]
Airbnb host handed €6k fine by Frankfurt authorities
Reading Time: 2 minutesGermany: An Airbnb host in Frankfurt has been handed a €6,000 fine for letting out her apartment via the rental platform without having obtained the required authorisation. The news is another sign that city authorities, both in Germany and around the world, are taking an increasingly strict stance when it comes to hosts illegally operating […]
Airbnb ordered to disclose details of its rental hosts in Munich
Reading Time: 2 minutesGermany: Airbnb has been ordered to disclose details about its rental hosts in the city of Munich to the city’s local authority. The Munich administrative court approved the disclosure, saying it was necessary to help the City of Munich undertake monitoring under local housing laws. While Airbnb enables people to rent out their homes to […]
Hamburg and Berlin tightening the screw on Airbnb users in their cities
Reading Time: 2 minutesGermany: Governments in Hamburg and Berlin are leading the regulatory charge against Airbnb in the wake of a European backlash against the online rental platform. Hamburg has slashed permitted annual rentals per property from 180 days to 60, while raising fines tenfold. Berlin, meanwhile, has implemented a registration scheme to control Airbnb rentals in which […]
Berlin relaxes Airbnb regulations
Reading Time: < 1 minuteGermany: Officials in Berlin have decided to relax one of Europe’s strictest regimes for short-term rental companies. From May 1, private individuals will be able to rent out their main home without time limitations, while second/holiday homes will be limited to 90 days a year. The change comes after the Berlin administrative court confirmed in […]