Category: Get Hotel

Today, we are announcing that we recently closed on a Series E round of $170 million, led by Fidelity, WestCap, and Inovia Capital, which brings Sonder’s valuation to $1.3 billion. In the coming weeks, we expect to raise additional capital from new and returning investors that will bring our Series E total to around $200 million. This fundraise and valuation...

Chicago will rent more than 1,000 empty hotel rooms as housing for those affected by the coronavirus, Chicago Mayor Lori Lightfoot announced in a press conference[1] on March 23. The rooms are intended to free up space in hospitals for patients in need of critical care. “Beginning today, individuals who either have a COVID-19 diagnosis or who are awaiting test...

Dive Brief: Rent the Runway on Thursday announced it has partnered with W Hotels on a “Closet Concierge” service at select hotels, according to a company press release[1].  Upon booking a room, guests will be able to choose four styles to rent for $69 and have those items waiting for them in their hotel rooms. Guests can then drop off...

Serviced Apartment News November 30, 2020 – Serviced apartment and extended stay industry trends for 2021[1]. “Across all metrics extended stay hotels continue to perform better than the overall hotel industry six months following the start of the pandemic,” said Mark Skinner, partner at The Highland Group. Serviced Apartment News November 12, 2020 – US extended stay continues to outperform wider...