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Hyatt invests in a competitor of Airbnb

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Published on 29/06/15 - Updated on 29/06/23

Onefinestay

A subsidiary of Hyatt Hotels Corporation participated in raising 40 million dollars in capital to the benefit of Onefinestay, a competitor of Airbnb.

To celebrate its fifth birthday, Onefinestay, a competitor of Airbnb, has announced the plan to raise capital to the tune of 40 million dollars. This allows the site to improve its e-commerce technology and supply with respect to owners. Investors include in particular a subsidiary of Hyatt Hotels Corporation and also Intel Capital and a branch of Quadrant Capital Advisors. Historic investors Index Ventures and Canaan Partners also participated at the round table.

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".

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