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Selina Receives $150 Million for Millennial-Friendly Hospitality

Sean O'Neill photo
Sean O'Neill
Selina Playa Venao Panama

Photo Credit: Selina, an operator of luxury mixed-use spaces, meaning a mix of hotel rooms, bars, and co-working spaces, has received $150 million in real estate funding. Shown here is a Selina property in Playa Venao, Panama.  Selina

Skift Take

Until recently, Selina has been a glorified hostel operator. Its ambition to provide work-life balance to millennials who travel internationally has been more of a work-in-progress than a consistent offering. Yet massive fresh funding this year will help drive Selina to become one of 2019's most fascinating experiments in hospitality.

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

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