Alternative accommodation providers are working hard to expand their global footprint. Onefinestay has just added Add San Francisco to your list of destinationsIn addition to London, New York, Paris, Los Angeles, Rome and Miami. This specialist in the rental of top-of-the-range private residences with hotel services already offers around fifteen houses and flats in the Californian city, and plans to have around fifty by the end of 2017. "San Francisco was an obvious choice. It's a dynamic city, renowned for its quality of life, economic activity and tourist appeal. But above all, it's a city that our existing clientele, both owners and guests, were asking us to add to our portfolio."explains Keyvan Nilforoushan, Managing Director of onefinestay. After Rome in February 2016, Miami in September 2016, the launch last February of Collections, a series of leisure destinations such as the Hamptons and the Côte d'Azur, and now San Francisco, onefinestay expansion soon to continue in Boston and Milan. The chain acquired by AccorHotels in 2016 aims to be present in 40 cities by 2021.
For its part, Sweet Inn has just completed a €20 million fund-raising round. Launched nearly three years ago by Paul Besnainou, the Franco-Israeli start-up Sweet Inn should now be able to expand its offering in Europe. It currently offers 350 flats in Paris, Rome, Barcelona, Brussels and Lisbon, as well as in Tel Aviv and Jerusalem. Amsterdam, Madrid and Milan could be the first cities targeted.
Led by Qumra Capital, an Israeli fund renowned for its investments in technology companies, and accompanied by another Israeli fund, BRM, this round of financing was followed by two other investors, La Maison and the Luxembourg investment holding company M.I.3.These new shareholders will give us the resources we need to accelerate our development and, above all, to take part in the digital revolution that is underway, with the development of technologies The resulting breakthroughs promise to radically reconfigure the industry."said Paul Besnainou, CEO of Sweet Inn.
