ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Selina Advances Growth Strategy with Planned Expansion in Key Markets

To open five new locations across the U.S., Mexico, Greece and Israel by end of third quarter 2021

Selina, the fast-growing hospitality and experiential brand targeting millennial and Gen Z travelers, today announced plans to open five new properties in Chicago, Washington D.C., Guadalajara, Jerusalem and Paros, Greece by the end of the third quarter 2021. These new locations will add approximately 2,000 beds to Selina’s global network of living spaces for digital nomads and advance the company’s strategy to scale in large urban markets.

Selina’s experiential hospitality model has carved out a niche that focuses on hotel and co-working destinations that are developed specifically with millennial and Gen Z travelers in mind – a cohort that is estimated by Selina to spend approximately $350 billion per year on travel. The fast-growing hospitality brand offers this new generation of travelers a full-service experience and a variety of accommodations at an attractive price point, enabling them to discover the world, stay productive and build meaningful connections.

“Continuing to build our footprint in urban cities represents a compelling growth opportunity for Selina as the vast majority of hotels in these markets don’t address the wants and needs of our target audience,” said Rafael Museri, Selina’s Co-Founder and Chief Executive Officer. “Moreover, we have continued to recover from the restrictions on travel that occurred during the pandemic. With younger travelers showing clear desire to see the world after being stuck at home for a year, and a rising number of underutilized hotels globally, we recognize a clear opportunity to rapidly scale our offering. Opening these new locations will introduce Selina’s strong value proposition to thousands of potential customers and help grow our community of local talent and creators who spread our brand around the world.”

Selina’s new 600-bed Chicago property will be located at 100 E Chestnut Street, and its first Washington, D.C. property will be located in the revitalized Union Market district and feature 372 beds. The new 346-bed Guadalajara destination will be situated at Av. Chapultepec, and mark Selina’s 10th property in Mexico. With the opening of its 70-bed Jerusalem Mountains and 545-bed Paros properties, Selina will operate four destinations in Israel and three in Greece. These openings follow Selina’s successful entry into other major urban markets such as Miami, New York, London and Lisbon, where the brand continues to resonate with travelers.

Since its inception, Selina has steadily grown its footprint across North, Central and South America, Europe and Israel by delivering a community-based offering with flexible work, learn and stay solutions to an expanding class of digital nomads. It has accomplished this by leveraging proprietary technology to identify underperforming hotels and transforming them into cultural hubs through partnerships with local artists and food and beverage providers, as well as introducing programming that promotes social experiences. The company’s expansion to urban markets as an add-on to its offering of remote, off-the-grid locations represents its desire to provide a diverse array of accommodations worldwide, as well as its recognition that millennials and Gen Z travelers are looking for authenticity in their travel experiences – no matter where they go.

As it continues to scale, Selina is seeking to define the future of accommodation and building a highly recognizable brand that resonates with its target customers. Selina expects to continue to benefit from the surge in remote working and the prioritization of health, wellness and experiences among millennial and Gen Z travelers, which are anticipated to become even more pronounced post-COVID-19.

About Selina

Selina is one of the world’s largest hospitality brands built to address the needs of Millennial and Gen Z travelers, blending beautifully-designed accommodation with coworking, recreation, wellness, and local experiences. Custom built for today’s nomadic traveler, Selina provides guests with a global infrastructure to seamlessly travel and work abroad. Founded in 2015, each Selina property is designed in partnership with local artists, creators and tastemakers, breathing new life into existing buildings in interesting locations around the world – from urban cities to remote beaches and jungles. Selina’s portfolio includes 116 open or secured properties across 20 countries. For further information on Selina, visit www.selina.com or check out @selina on Instagram or Facebook.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.