Placemakr Raises $65 Million for Apartment-Hotel Rental Platform
Photo Credit: Placemakr recently added a building in Houston to its portfolio. Pictured is an apartment from that building. Placemakr / Placemakr
Skift Take
Startups this week cover renting apartments as hotels, hotel tech, airline retail, fintech for travelers, and an aircraft that flies only over water.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.Four travel tech startups have raised nearly $110 million this week.
>>Placemakr, a platform for long-term and short-term apartment rentals, has raised $65 million in funding. Investors included Highland Capital Partners, Harbert Growth Partners, Bernstein Management Corporation, Camber Creek, Gaw Capital USA, and more.
The Placemakr platform enables developers and owners of multi-unit buildings to rent apartments for long-term and short-term use. Placemakr acts as the operator of the properties it rents.
Based in Washington, D.C., Placemakr operates 11 multi-unit branded properties in the U.S., according to its website. That includes two recently added: Placemakr Wedgewood Houston and Whyhotel by Placemakr Columbia. Placemakr recently announced a partnership with Bernstein Management Corporation and Urban Atlantic to acquire an office building on K Street in DC and convert it into a hotel-apartment hybrid property.
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