Insight
Roami, formerly known as Sextant Stays, operates buildings designed to combine the service standards of hotels with the space and value of short-term rentals.
CozySuites acquires Roami to expand US footprint
Summary
CozySuites' acquisition of Roami expands its U.S. presence into Miami and New Orleans, adding 20 buildings to its portfolio. The acquisition boosts CozySuites' corporate sales strategy. The Roami brand and booking platform will continue operating. This strategic move could signal growing consolidation in the STR market.
Key takeaway