selina hostels founder

Selina is growing quickly in Central America, South America, North America and Europe. Selina is the newest hospitality company on my radar. But even before the pandemic, raising money for growth-focused startups had become difficult. He said the hotel is slated to open in July. It has expanded to include 25 locations in cities, towns or … He is the founder and CEO of Selina, a rapidly growing, new generation of lifestyle hostels with 13 locations in Latin America. A family owned operation, the first and most well known Hatters was founded at Newton Street in the hip and trendy Northern Quarter of Manchester’s city centre. For full functionality of this site it is necessary to enable JavaScript. I wake up every morning with the thrill and commitment for what we are building with Selina, it’s a platform for this generation of travelers, this movement that’s growing, and the people that’s helping build this dream also inspires me because they care as much as I do about this project. “There’s a lot of smart investors who are investing with these guys, and that instills confidence in people like myself,” said Avra Jain, a Miami-based hotel owner who expects to open two Selina-occupied properties next month. These cookies do not store any personal information. That’s what Selina is selling. The parallels may explain why Neumann, who was ousted from WeWork last summer, personally invested millions of dollars in Selina. From humble beginnings back in 2003, Hatters Hostels has grown in this short time to include four city centre located properties based in Liverpool, Manchester and Birmingham. Israeli-natives Daniel Rudasevski, 35, and Rafael Museri, 40, launched the company in 2015 —after months staying at hostels around the world—with the opening of the first Selina in a small fishing town in Panama. Named after a fictitious millennial character, Selina is a Latin American, nomad-focused brand, offering a combination of hostels, hotels, co-working spaces and restaurants. Stay in our private rooms, suites, and more. Hotels have been hit especially hard as travel has been drastically reduced. Here you will feel at home, while meeting travellers from all around for the same great experience. His personal and successful business record has drawn a lot of successful business groups with great influences to invest in his company. Gery also noted that Dekel’s real estate investments are dwarfed by those of WeWork, which paid, for example, $850 million for the Lord & Taylor building. Selina also gives back to the local communities in which it operates. “Whenever someone tries to grow, grow, grow and then they have to raise money for operations — how can you sustain growth without capital?” said one person familiar with Selina’s business. Selina, one of the world’s fastest growing hospitality brands has announced UK expansion plans following an investment of £70 Million in Series B funding. “We’ve met, and continue to meet with, many potential investors around the world,” he said. This is how the first Selina was born in Venao, a surf town near Pedasí in 2014. Explore the incredible beach, jungle and city spots meeting people from all over the world, get insight to the local culture through our specially curated content and programming. One person familiar with Selina’s business told TRD this was a red flag. Multiple Owners • Follow All Following All Unfollow All — — — January 30th, 2018. In March 2019 it announced a plan to open 15 by the end of the year. You want to be with her.”. Avra Jain, a Miami developer and founder of Vagabond Group, is a local development partner of Selina. But even before the pandemic, raising money for growth-focused startups had become difficult. This website uses cookies to improve your experience while you navigate through the website. The documents also anticipate the number of beds growing nine-fold over that time to 130,000 — which would make it one of the 10 largest hotel operators in the world. More will come. American multinational Access Industries led a US$100m investment in Panama’s Selina, a global network of hostels and co-working spaces, at a post-money valuation of US$850m.CVC Grupo Wiese contributed US$15m.Existing investor Colony Latam Partners (formerly Abraaj Group LatAm) also participated in the round. Selina is a hospitality network targeting young travelers with a holistic approach to the travel experience. We were looking for a place that could deliver a holistic experience with wide-ranging culture, opportunity to engage with new people and seamless workspace. Today we can say that we have more than 25 locations in more than 7 countries and this year we open in Europe and North America. “That means the No. At Selina we believe in social interaction, between fellow travelers, locals and staff, and exposure to new ideas, ways of life and experiences. Even though Museri and Rudasevski have large stakes in Selina and Dekel, Gery said measures — such as having independent management teams — are taken to ensure there are no conflicts of interest. But we consistently receive positive feedback”. Selina, a hostel and co-working company that counts WeWork’s founder Adam Neumann among its investors, is opening its first New York City location. In return Selina commits to leases of 20 to 40 years. Selina hostels are always top notch, and this one was no exception. For more than a decade we developed, managed and sold successfully real estate projects along the pacific coast of Panama. It is not meant to be a round trip, although it is possible to arrange a one-day round trip option. The company is also in the process of securing a $60 million loan from the Inter-American Development Bank to fund growth projects in South America, he said. Alongside these lofty goals, Selina says it will be profitable by 2022 and plans to raise more equity next year at a valuation as high as $2 billion, according to the documents. Javascript is disabled in your web browser. We overcome this by working closely to the communities around Selina, making sure local people feel comfortable with us and that they feel part of Selina as much as Selina is part of them. Cookies are absolutely essential for the same great experience 140 hospitality venues in.! Capital Partners has committed to providing over $ 150 million but even before the pandemic raising... 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