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If you can’t beat ’em: Barry Sternlicht invests in Airbnb-like short-term rental company

If you can’t beat ’em: Barry Sternlicht invests in Airbnb-like short-term rental company

A venture capital group, including hotelier Barry Sternlicht, invested in a San Francisco-based company that works with developers who set aside blocks of apartments for short-term rentals. The group, which also included Fifth Wall Ventures and New Enterprise Associates, made a $15.5 million Series A equity investment in AJJK Inc., the Wall Street Journal reported. The company, which is soon to be renamed Lyric, is seeking to create an upscale short-term rental brand akin to […]


Source: realdeal

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