Selina receives $150 million for millennial-friendly hospitality
Hoteliers, hostel owners, co-working spaces, and restaurant brands increasingly look to embed their products in “live, play, work” settings for maximum appeal to a particular urban demographic.
Selina, an operator of mixed-use spaces for travelers, said Wednesday it had received $150 million in real estate funding from DD3 Capital Partners.
Earlier this year, Selina, which calls itself a hospitality group and community for millennial travelers, raised a $95 million Series B investment round. Its backers include Abraaj Group and WeWork CEO Adam Neumann.
Each property aims to offer both hostel-like lodging and private hotel rooms, both bars and communal kitchens, both co-working spaces and coffee stations. The company runs 31 properties in Panama, Costa Rica, Colombia, México, Guatemala, Nicaragua, Peru, Bolivia, Ecuador, and Portugal.
Yoav Gery, Selina’s president, said the company’s mission is “to inspire meaningful, authentic connections between people.”
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