Topic: Hospitality Funding
Thayer Ventures led the investment, with Tiger Global, JLL Spark and Ashton Kutcher and Guy Oseary’s Sound Ventures among the others.
The amount brings the popup hotel operator’s total funding to more than $35 million since its inception in 2017.
The hotel-hostel hybrid has raised $100 million in a Series C financing round, bringing the company’s total funding to $225 million to date.
Israel's banks have granted an increased amount of credit to international hotel chains and private entrepreneurs in response to the rise in visitors expected in 2018.
Hotel owner and manager iNua Hospitality raised €40 million to fund its five-year growth strategy.
The International Finance Corporation (IFC) of the World Bank Group approved the loan.
Cycas Hospitality signed its first deal in France to manage Europe's first dual-branded Hyatt hotel.
The Israeli government has approved grants for developers to convert offices in Tel Aviv into hotels.
Prince Alwaleed bin Talal has sold his Four Seasons Hotel Damascus stake to a businessman linked to President Bashar al-Assad.
China's HNA Group is currently negotiating the sale of its 25-percent stake in Hilton Grand Vacations timeshare business.