
A subsidiary of Hyatt Hotels Corporation participated in raising 40 million dollars in capital to the benefit of Onefinestay, a competitor of Airbnb.
Five nominations were announced in order to increase the group's growth. the most emblematic is that of Tom Singer, former Financial Director at IHG, who joined Onefinestay for the same position.
The particularity of Onefinestay is to offer upscale residences for rental personalized hotel service. For the moment these properties are located in only four cities: Paris, London, New York and Los Angeles. The company boasts "a portfolio of apartments six times bigger than the Ritz, the Plaza, the George V and the Hôtel Bel-Air combined".
Also read:
- Airbnb worth $24 billion