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Acquisition

Hospitality Brand Selina Acquires Remote Year Brand and Doubles Down on Remote Work and Subscription Model

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Hospitality Brand Selina Acquires Remote Year Brand and Doubles Down on Remote Work and Subscription Model

Selina, the global hospitality platform, has today announced its acquisition in an all-stock transaction of the Remote Year’s brand and customer base. Remote Year empowers professionals to embrace the remote work movement by taking their careers outside of the traditional office.

Selina and Remote Year represent two of the leading brands in the travel and remote work categories and this acquisition strengthens both brands’ prospects for growth and expansion in a post-pandemic world. Remote Year will continue to exist as its own brand and will utilize Selina’s catalogue of best-in-class properties, spanning 19 countries and 3 continents, to improve its customer experience. Selina will leverage Remote Year’s community of driven professionals and remote workers as it focuses on longer-term stays and its remote work offering. As a collective, Selina and Remote Year will work together to tailor products that fit the needs of this expanding market.

The acquisition is one of a number of moves Selina is making to double down on its stay, play and “work from anywhere” model, including the recent launch of Selina’s subscription-based travel packages. This newly developed subscription offering is geared to the all-time high demand for remote work, with approximately 40% of employees expected to utilize a remote working model in the future. Allowing people to travel the world at the cost of their rent, or in some cases, even less, the program builds not only on Selina’s adoption of the remote work culture but also the societal WFH shift as a result of the pandemic.

The model has launched with three different passes – the Nomad Passport for those who want to purchase multiple stays ahead of their travels, Selina CoLive for the remote worker who wants to live/work at a Selina property for an extended period of time, and the B2B Remote Work Pass for the frequent remote worker who wants to stay at a Selina property for a fixed period of time per month, and is paid for by their employer, allowing companies to bring this level of flexibility to their teams. Each subscription package enables travelers to move freely amongst Selina properties, either regionally or globally, inclusive of accommodations, coworking spaces, daily wellness activities, weekly laundry and discounts for food and beverage, with prices starting at just $180 per month in some locations.

“At Selina, we have always supported flexible remote work models and believe they result in an increase in productivity and a reduction in turnover for businesses. With the acquisition of the Remote Year brand, and the launch of our subscription-based packages, it’s clear that our business model is one designed for this new age of working, and is well-positioned to support not only long-standing digital nomads but also a new generation of remote workers that are being offered more flexible work environments by companies looking to attract and retain talent”, said Selina Co-Founder and CEO Rafael Museri.

“We could not be more thrilled to join the Selina family. We have previously partnered with Selina in multiple markets over the last few years, and look forward to utilizing their global team and infrastructure to power our best programs yet. As travel resumes and more professionals work remotely, we are planning for a surge in demand for our transformational 4 and 12-month work and travel programs”, said Remote Year Co-Founder and CEO, Sam Pessin.

“As we look to a new era of travel and hospitality, we plan to continue expanding our product to offer unique experiences at the intersection of culture, work and travel, that ultimately make it easier than ever for a new generation of worldly travelers to pursue their most fulfilling lives”, said Museri.

ABOUT SELINA

Selina is one of the world’s fastest-growing hospitality brands, blending beautifully-designed accommodation with coworking, recreation, wellness, and local experiences. Custom-built for today’s nomadic traveler, Selina provides guests with a global infrastructure to seamlessly travel and work abroad. Founded in Latin America in 2015, each Selina property is designed in partnership with local artists, creators, and tastemakers, breathing new life into existing buildings in interesting locations around the world — from urban cities to remote beaches and jungles. Selina currently operates 76 locations throughout Latin America, USA, and Europe.

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Acquisition

Allseated Acquires easyRAUM To Further Expand European Presence

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Allseated Acquires easyRAUM To Further Expand European Presence

Allseated, a global leader in innovative event technology, announced today its acquisition of Dusseldorf based, easyRAUM GmbH to further scale its rapid expansion into the European market. The acquisition broadens Allseated’s market presence, bringing the full power of its event technology platforms to venues, brands, corporates, and planners across Europe.

A long-time leader and serving some of the biggest names in the German speaking market, easyRAUM’s reputation and reach has been second to none. With thousands of users powering large scale events, it has been successfully serving and expanding its customer base for the past fifteen years.

“This is a strategic move for us to further scale our business in Europe by combining easyRAUM’s market presence, amazing team and customer base with Allseated’s cutting-edge technology platform.”  said Yaron Lipshitz, Allseated CEO. “EasyRAUM has been a great partner of ours and we have worked so close together, that the acquisition seems more of a formality at this point. Thanks to our now German team, Allseated is now powering some of the largest venues and brands in the European market with our latest virtual event product exVo, already in use by the local industry” he added.

“We are pleased to open a new chapter with Allseated, for our customers, for the industry, and for our company” said Sabine Reise, Founder and Managing Director of easyRAUM and now Managing Director of Allseated GmbH. “Our many years of industry and market experience as well as the software development know-how complement the agile structures of Allseated perfectly”.

Sandy Hammer, co-founder and CMO of Allseated added: “The partnership with easyRAUM enabled us to short-circuit our expansion in this exciting market and to quickly bring value to some amazing brands. We are thrilled to have the team join our rapidly growing company.”

Financial terms of the transaction are not disclosed.

About Allseated

Allseated is one of the world’s most innovative event technology platform powering hundreds of thousands of events a year. Through a cutting-edge 3D visualization platform including floorplan design tools, venue virtual tours, and revolutionary virtual/hybrid event solution, Allseated is transforming the event industry and leveraging innovation with superior customer service to help clients grow their businesses.

Allseated Acquires easyRAUM To Further Expand European Presence

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Acquisition

FCP Acquires Villas At Princeton Lakes Atlanta Apartments For $30 Million

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FCP Acquires Villas At Princeton Lakes Atlanta Apartments For  Million

FCP® announces the $30.0 million acquisition of Villas at Princeton Lakes, a 210-unit apartment community in the South Fulton area of Atlanta, GA. The acquisition marks FCP’s 18th investment in Atlanta. FCP assumed the existing loan at the property.

“The Villas at Princeton Lakes is a very well-maintained asset next to the booming South Fulton Industrial corridor,” said FCP’s Scott Reibstein. Reibstein continued, “We’re excited to have acquired our second community there, central to so much growth.” The property was purchased in an off-market transaction, was recently renovated and has experienced steady 95% occupancy throughout 2020.

Located at 751 Fairburn Road, SW in Atlanta, Villas at Princeton Lakes is an attractive garden-style community built in 2004 with hardi-plank and brick siding. The community features large one, two and three-bedroom, family-friendly floorplans, with extra storage, private patios and excellent access to Hartsfield Atlanta International Airport, Interstates 285 and 20 and nearby convenience and amenity retailers and restaurants.

FCP extends its appreciation to Travis Presnell at Cushman & Wakefield for his representation

About FCP

FCP® is a privately held real estate investment company that has invested in or financed more than $8.3 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States.

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Acquisition

onX Acquires Adventure Projects, Inc.

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onX Acquires Adventure Projects, Inc.

onX, a pioneer in outdoor digital navigation, today announced its acquisition of Adventure Projects, Inc., a network of websites and mobile apps featuring thousands of outdoor experiences that contributors have brought to life with guide-book details, imagery, trail conditions, and other content.

onX creates GPS mapping technology that helps inform, inspire, and empower millions of outdoor recreationists. Through its digital products and advocacy projects that expand public access opportunities, onX has promoted the enjoyment of our outdoor landscapes for more than a decade.

“Our mission is to awaken the adventurer in everyone,” said onX VP of Product Management, Chris Hamilton. “We look forward to supporting Adventure Projects’ unrivaled and passionate community. Their outdoor guides have inspired millions of climbers, hikers, skiers, trail runners, and bikers alike. Our goal is to help everyone have the best outdoor experience possible by arming them with technology to discover and explore new places, safely and confidently.”

During the transition of ownership, onX will continue working with Adventure Projects’ network of contributors, its administrators, and the company’s CEO and co-founder, Nick Wilder. onX will also collaborate with outdoor and nonprofit partners to expand its investment in protecting land access, and to ensure that multiple voices and perspectives are represented and supported in the outdoor adventure community.

“I couldn’t be more excited to partner with onX and explore the next evolution of Adventure Projects,” said Wilder. “onX’s GPS and mapping expertise, deep technical talent, and commitment to public access will ensure Adventure Projects’ outdoor enthusiasts have the best tools to venture off-the-beaten path.”

Earlier this year, onX also acquired Outdoor Project, another community-driven adventure content hub supported by thousands of recreationists.

“onX builds best-in-class mobile adventure tools,” said Aron Bosworth, Outdoor Project’s Chief Content Officer. “Our contributors put their knowledge and heart and soul into each adventure guide they share on our website. onX is helping us re-envision how we bring those experiences to life through map technology.”

Together, onX, Adventure Projects, and Outdoor Project plan to inspire more outdoor adventures and access to public lands than ever before.

About onX

Founded in 2009, onX is a pioneer in digital outdoor navigation, developing software that helps inform, inspire, and empower outdoor recreationists. onX Backcountry, onX Offroad, and onX Hunt make up the company’s suite of apps, and are built by explorers for explorers. Because off-the-beaten-path experiences are at the heart of what onX does, the company also leads initiatives to protect and expand access to public land. Since 2017, onX has worked with various partners to secure and improve public land access through direct funding, and by supporting key legislation with data analysis and research.

About Adventure Projects

Adventure Projects connects people, data and outdoor passions. Founded in 2005 with the creation of Mountain Project, a hub for the climbing community, the company now includes five other sites for all types of outdoor recreationists: MTB Project, Hiking Project, Powder Project, Trail Run Project, and the National Park Trail Guide.

About Outdoor Project

Outdoor Project is an adventure guide resource and community of outdoor enthusiasts unified around the mission of inspiring and empowering people of all ages and backgrounds to have deeper, richer and more fulfilling experiences in the outdoors. We strive to know our public lands and recreation landscapes better through adventure, to in turn activate a community around preserving them. To that aim we provide quality-first adventure guide content covering multiple human-powered outdoor activities across thousands of locations.

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