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 Insights
- •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 is expanding into Miami and New Orleans by acquiring Roami, adding 20 buildings to their portfolio.
Action Items
- ✓Consider how market consolidation may affect your business strategy.Effort: lowImpact: medium
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