AccorHotels is acquiring Onefinestay—the London-based startup that connects high-end hosts and travelers—for at least $170 million. Onefinestay operates in London, Paris, New York and Los Angeles, and last summer raised $40 million (for a total of $80.9 million). Evan Frank, co-founder of the startup, chats with EAL about the luxury travel client’s movement from hotels to private homes.
A Onefinestay property in Venice, California
“Onefinestay will continue to operate as a founder-led, independent business,” says Frank. “Our product won’t change, our service won’t change, and our values won’t change. We will continue to look after our homeowners and guests with the care and attention we’ve become known for.”
How has public acceptance of sites like Onefinestay and Airbnb changed since the company started back in 2009? “We are unique in our personal, managed service for homeowners, which takes all the hassle out of having guests. On the guest side, this is about the future of high-end travel. High-end guests are increasingly seeking out unique, authentic and personalized experiences, without compromising on quality, assurance and attention to detail.”