Sweet Inn is a French-Israeli startup founded in 2014. Active in Europe and in Israel, the company offers holiday rental apartments with hotel services.
As of 2018, Sweet Inn has around 160 employees and the housing stock includes upwards of 360 apartments.
Video Sweet Inn
Description
In 2013, Paul Besnainou began developing lodging combining features of hotels and houses. In 2014, Sweet Inn was founded.
Sweet Inn designs and refurbishes its apartments from empty housing spaces with the help of in-house interior designers, focusing on "the importance of the design, the central locations in the cities' typical buildings...". All apartments offer high-end concierge services leading Sweet Inn to competes with 4-star and 5-star hotels.
Maps Sweet Inn
History
Sweet Inn's first rental apartments were situated in Paris, Jerusalem and Tel-Aviv (2014), followed with Brussels, Barcelona, Lisbon and Rome in 2015. Madrid and Milan furthered the company's expansion in 2017 and in 2018 the company aims to expend to other leading European cities, including London, and Asia in 2018.
Though initially aimed at tourists, Sweet Inn has been attracting more and more business executives and has created dedicated services for them.
Business model
Sweet Inn operates in the short-term housing rental market, dominated by the peer-to-peer platforms, but has a different business model. Sweet Inn rents out all its leased apartments by fully adhering to domestic laws in each city and country where it operates. For example, in order to legally operate in Paris, the company only rents out apartments registered as retail spaces.
Rental apartments can be booked directly from the Sweet Inn website or through online travel agencies.
Fund raising
In May 2017, several investors raised close to 20 million euros. Among them were the Israeli investment fund Qumra Capital, French investors from the investment club La Maison (managed by Michel Cicurel and Marc Levy), the Luxembourgish holding company M.I.3 and the fund BRM.
References
External link
- Official website
Source of article : Wikipedia
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