NUMA Group, the digital hospitality platform, has acquired serviced apartment operator YAYS from Proprium Capital Partners.
It now owns 100 per cent of YAYS, although the purchase price has not been disclosed.
NUMA's growth strategy has been focused on hotel and commercial
properties in central locations of Europe’s major cities and it recently
reached €1.5bn in real estate assets under management.
Headquartered in Amsterdam, YAYS operates 489 units in the
Netherlands, Belgium and France and has a pipeline of properties to be
opened in Madrid, Frankfurt and The Hague.
NUMA manages more than 4,700 rooms and apartments across 28 major European cities and the acquisition of YAYS will add around 20 per cent of new units to its portfolio, bringing the total to more than 5,200.
Christian Gaiser, co-founder and CEO of NUMA Group, said: “We have only scratched the surface in terms of digitising and enhancing the entire travel experience and are always striving to better connect our guests with their favourite cities”.
He added: “YAYS offers a very attractive and compatible portfolio of properties with stellar ratings and guest satisfaction – in markets where NUMA is not present yet.”
Proprium acquired YAYS in 2017. Javier Perez-Lecumberri managing director of Proprium Capital Partners said: “We have followed the NUMA success story for some time now, and we are convinced that the combination of YAYS and NUMA will generate value for both guests and real estate partners.”