Lodging startup Sonder, which offers refurbished properties for short-term rentals, has agreed to go public through merging with a blank-check firm backed by billionaire investors Alec Gores and Dean Metropoulos that values the combined company at around $2.2 billion.
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More than a year ago, hundreds of New York City’s hotels shut their doors, putting thousands out of work and plunging the sector into an acute crisis. But many are taking their first steps toward reopening after months of dormancy as cautious optimism overshadows lagging rates and desperately low occupancy.
The exclusive members-only club this week submitted a confidential filing for an initial public offering with the U.S. Securities and Exchange Commission, Sky News first reported. The IPO would value the company, headquartered in London, at more than $3 billion.
Shares of companies that own shopping centers, hotels and New York office buildings were decimated most of last year but mounted a first-quarter comeback, as investors bet that a vaccine rollout can revit...
You know the drill. Disruption engenders change and, as a result of the current and ongoing market shock driven by the COVID-19 pandemic, change that was already underway has accelerated. Real estate companies have been embracing proptech like never before. However, this change has by no means been uniform across the board. I had a chat with Connell McGill (CEO) and Comly Wilson (director of marke...
New York, NY (April 6, 2021) — CREtech, the largest media company devoted to covering the real estate technology sector, announced that they are assembling a “Future Leadership Board” of undergrad or graduate college students in real estate programs. Future Leadership Board members will get access to quarterly meetings with CREtech CE...
Pop-up hotel and hospitality operator WhyHotel Inc. is official launching in two more locations — but plans to expand dramatically in 2021, its CEO says. ... While the spread of Covid-19 wrought havoc among the hospitality industry, WhyHotel's pop-ups maintained 85% occupancy during the pandemic, he stressed.
Knotel Inc. is planning to announce that former WeWork Vice Chairman Michael Gross will join as chief executive, as the real-estate startup seeks a turnaround after it filed for bankruptcy. In addition to...
New York, NY (March 23, 2021) — CREtech (cretech.com), the largest media company devoted to the real estate technology sector, announced their investment in RELEVATION, the leading European digital fundraising event in the real estate tech sector. CREtech’s investment in the European-based co...
