onefinestay

onefinestay is an upscale city accommodation service that offers visitors the chance to stay in a distinctive home while the owner is out of town, with the services and amenities of a hotel. It allows homeowners to earn an extra, hassle-free income from their house or apartment at times when it would otherwise stand vacant. Guests range from regular business travellers to families, and are people who might otherwise stay in a boutique hotel but are seeking an authentic, new experience when visiting a city. They can book a home instantly online or over the phone.

The company cleans the home before they arrive, provides hotel-grade linens, towels and toiletries, and even lends them an iPhone stocked with detailed local tips from the hosts. The company selects homes carefully, based on their location, availability, character and amenities. They are typically primary or secondary residences that are available for upwards of four weeks a year.

For homeowners, onefinestay provides a full service enabling them to have house guests at those times when they’re away. The company takes care of photography, marketing, cleaning, managing bookings and insurance. onefinestay first launched in London in May 2010. As at April 2016, onefinestay operates 2,600 properties in London, New York, Paris, Los Angeles and Rome.

In April 2016, AccorHotels acquired onefinestay for £117 million ($168 million, €148 million).

Onefinestay's operating plan over the next five years (2016-21) includes expanding into 40 new cities and increasing revenue 10-fold.

Type
Subsidiary
Parent Company
AccorHotels
HQ
London, GB
Founded
2009
onefinestay was founded in 2009 and is headquartered in London, GB

Key People at onefinestay

Evan Frank

Evan Frank

CEO
Keyvan Nilforoushan

Keyvan Nilforoushan

Deputy CEO
Alexandra Rethore

Alexandra Rethore

Chief Revenue Officer
Herve Deligny

Herve Deligny

Group Vice President Finance
Jason McGrath

Jason McGrath

Vice President Americas

onefinestay Office Locations

onefinestay has offices in London, Los Angeles, Paris, New York and in 1 other location
London, GB (HQ)
300 St John Str.
Roma, IT
2 Piazza Di Campitelli
New York, US
52 Walker St
Paris, FR
89 Rue Du Faubourg Saint Antoine
Los Angeles, US
5870 W Jefferson Blvd

onefinestay Data and Metrics

onefinestay Summary

Founding Date

2009

Total Funding

$80.9 m

Investors

In total, onefinestay had raised $80.9 m. onefinestay is a subsidiary of AccorHotels

onefinestay Financial Metrics

onefinestay's revenue was reported to be £16.1 m in FY, 2015
GBPY, 2011Y, 2012Y, 2013Y, 2014FY, 2015

Revenue

10.6 m15.4 m16.1 m

Revenue growth, %

45%4%

Cost of goods sold

3.2 m4.1 m4.2 m

Gross profit

7.4 m11.3 m11.8 m

Gross profit Margin, %

70%73%74%

Operating expense total

20.1 m24 m28.4 m

Pre tax profit

(12.8 m)(13.2 m)(16.7 m)

Net Income

(1.7 m)(8.5 m)(12.7 m)(13.1 m)(16.6 m)
GBPFY, 2013FY, 2014FY, 2015

Cash

8.1 m18.1 m5.5 m

Accounts Receivable

991.9 k1.1 m1.9 m

Current Assets

9.8 m20.1 m8.7 m

PP&E

555.3 k772.2 k701.3 k

Goodwill

361.3 k919.2 k1.2 m

Total Assets

10.7 m21.8 m10.6 m

Accounts Payable

3.7 m4.2 m4 m

Current Liabilities

6.4 m7.3 m7.4 m

Retained Earnings

(12.7 m)(13.1 m)(16.6 m)

Total Equity

3.8 m14.4 m(1.2 m)

Financial Leverage

2.8 x1.5 x-9.1 x
GBPFY, 2013FY, 2014FY, 2015

Cash From Operating Activities

(10.2 m)(11.6 m)(15.8 m)

Cash From Financing Activities

15.9 m23.4 m4.6 m

Income Taxes Paid

114.9 k66.9 k63.4 k

onefinestay Online and Social Media Presence

onefinestay Company Life and Culture

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