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Paul Mallee on Maison Privee’s Saudi expansion and the launch of its Madinah venture
Reading Time: < 1 minuteUAE: Piers Brown, ceo of International Hospitality Media, met with Maison Privee founder and managing director Paul Mallee in Dubai to discuss the company’s newly announced joint venture in Saudi Arabia, the scale of the Madinah development, and how rising tourism demand under Vision 2030 is shaping opportunities for short-term rentals across the Kingdom.
Knowledge Economic City and Maison Privee form joint venture in Madinah
Reading Time: 2 minutesUAE: Madinah-based developer Knowledge Economic City (KEC) has entered a joint venture with Dubai-founded operator Maison Privee to create a new short-term rental management company in the city. The partnership will introduce professionally managed short-stay accommodation within KEC’s master-planned developments and across Madinah, targeting visitors, pilgrims and business travellers. The new company will operate a […]
Saudi short-term rental platform Gathern raises $72m Series B
Reading Time: < 1 minuteSaudi Arabia: Riyadh-based short-term rental platform Gathern has secured $72 million [SAR 250 million] in Series B funding, valuing the company at over $266 million [SAR 1 billion]. The round was led by Sanabil Investments, with participation from STV, Nuwa Capital, Endeavor Catalyst, and Pinnacle Capital. Founded in 2017, Gathern has become one of the […]
PAI Partners sells stake in Eurocamp owner ECG to Saudi investor
Reading Time: 2 minutesFrance: European private equity firm PAI Partners has agreed to sell a “significant” minority stake in outdoor accommodation group European Camping Group [ECG] to a wholly owned subsidiary of the Abu Dhabi Investment Authority [ADIA].
Silkhaus closes “seven-figure” growth round
Reading Time: 2 minutesUAE: Dubai-based short-term rental proptech startup Silkhaus has closed a “seven-figure” growth round, almost a year to the day since it finalised a “multi-million” pre-Series A funding round.
Ennismore adds Our Habitas to lifestyle portfolio
Reading Time: 2 minutesWorldwide: Lifestyle hospitality company Ennismore has added sustainable outdoor brand Our Habitas to its portfolio.
SCALE Show 2024: One Perfect Stay founder Mahwussh Alam
Reading Time: < 1 minuteSpain: Mahwussh Alam, founder and CEO of One Perfect Stay, speaks to STRz at the recent SCALE Show in Barcelona.
BirdNest closes pre-Series A funding round
Reading Time: 2 minutesEgypt: Egyptian proptech startup BirdNest has closed an undisclosed – but “significant” – pre-Series A funding round as it sets its sights on further international expansion.
Accor “in advanced talks to buy Habitas”
Reading Time: < 1 minuteWorldwide: Global hospitality company Accor is reportedly in advanced talks to buy luxury hotel and lodging brand, Habitas, according to Bloomberg.
2023 Wrapped: The STRz stories that defined a year
Reading Time: 8 minutesWorldwide: As we approach the end of 2023, we revisit the 20 stories that defined a year for short-term rentals, as well as our favourite video, podcast and webinar from the last 12 months.