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Hyatt Invested $15 Million in Cash-Burning Onefinestay Before Accor Acquisition

Patrick Whyte

Photo Credit: A Onefinestay listing in Paris. Filings revealed its losses and an investment by Hyatt prior to its acquisition by Accor this Spring.  Onefinestay / onefinestay

Skift Take

Most start-ups lose money, at least in the early stages. Before it was acquired by Accor, Onefinestay's most recent set of accounts show that it was burning through cash at a considerable rate and that its business was suffering as a result of attacks in Europe.

Onefinestay, the upmarket rival to Airbnb, lost $21.1 million (£16.6 million) in 2015, its final year as an independent company. The United Kingdom-based firm was snapped up by Accor $168 million (£117 million) in April this year with the French hotel giant promising to invest a further $77 million (£50 million) in the brand to help it grow internationally. Group accounts for Lifealike Ltd, which traded as Onefinestay, were recently released at the UK’s Companies House. They show that for calendar year 2015 the company generated substantial losses. It has been widely reported that Hyatt Hotels, a first-mover in hotel industry collaboration with the sharing economy, had invested in Onefinestay in 2014 but the Companies House filing details for the first time the amount, which was about $15 million. Turnover at

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