STR | Jotup

Magnuson Hotels Performance Surpasses Industry Average By 10x

Retrieved on:

Tuesday, April 11, 2023

Other Construction & Property, Other Travel, Commercial Building & Real Estate, Lodging, Construction & Property, Destinations, Travel, Collection, Magnuson Hotels, Sound of Truth: The Independent Collection, Pip, OTA, STR, RevPAR, Growth, City, Environment, Tourism

Magnuson Hotels announced a 77.83% growth in RevPAR since pre-pandemic (2019) for the Independent Collection.

Key Points:

Magnuson Hotels announced a 77.83% growth in RevPAR since pre-pandemic (2019) for the Independent Collection.
This represents a remarkable 10 times the USA industry average of 7.6% as reported by the STR report.
Since inception in 2003, Magnuson Hotels has been a Fair Franchising brand and that is truly the defining factor for our shared success,” added Magnuson.
Sanjay Patel, owner, Magnuson Hotel Wildwood Inn, said, “Magnuson Hotels team understands the owner perspective very well.

OmniAb Reports Fourth Quarter and Full Year 2022 Financial Results and Business Highlights

Retrieved on:

Thursday, March 30, 2023

OmniAb, Inc. (NASDAQ: OABI) today reported financial results for the three and 12 months ended December 31, 2022, and provided operating and partner program updates.

Key Points:

OmniAb, Inc. (NASDAQ: OABI) today reported financial results for the three and 12 months ended December 31, 2022, and provided operating and partner program updates.
On November 1, 2022, OmniAb completed a spin-off from Ligand Pharmaceuticals Incorporated (NASDAQ: LGND), resulting in OmniAb becoming an independent publicly traded company.
Financial results prior to November 1, 2022, are presented on a carve-out basis derived from Ligand’s historical accounting records, as if OmniAb were an independent company.
In 2022, the company signed 13 new licenses, including one in the fourth quarter with the Wistar Institute.

reAlpha Asset Management Inc. Acquires Real Estate Syndication Platform Rhove

Retrieved on:

Wednesday, March 29, 2023

For instance, reAlpha will leverage Rhove’s existing technology and proprietary data to further enhance its recently launched fractional ownership platform.

Key Points:

For instance, reAlpha will leverage Rhove’s existing technology and proprietary data to further enhance its recently launched fractional ownership platform.
Through the business combination, reAlpha materially expands its investor base as Rhove’s 5,000+ dedicated users will join the reAlpha community.
“As a technology company with a focus on real estate, Rhove is a business that we have been following closely since its inception,” said Giri Devanur, CEO of reAlpha.
In 2022, the company received SEC qualification, enabling everyday people to invest on its “Coinbase for real estate” mobile application.

Town of Hilton Head Island, SC Launches GovOS Short-Term Rental Solution

Retrieved on:

Wednesday, March 29, 2023

Communication, Town, Partnership, STR, Quality of life, Human, Guvas, Data, Algorithm, AI, Letter, Hotel, Property management

AUSTIN, Texas, March 29, 2023 /PRNewswire/ -- GovOS, a leading provider of digital transformation solutions for local governments today announced the Town of Hilton Head Island in South Carolina launched its short-term rental (STR) solution. The system will increase engagement between town staff and the community while providing a more accurate picture of the STR landscape on Hilton Head Island. A detailed dataset of the vacation rentals operating within the community will support the town in making data-driven decisions on how best to serve business owners while preserving the high quality of living that residents have come to expect and enjoy.

Key Points:

AUSTIN, Texas, March 29, 2023 /PRNewswire/ -- GovOS, a leading provider of digital transformation solutions for local governments today announced the Town of Hilton Head Island in South Carolina launched its short-term rental (STR) solution.
The system will increase engagement between town staff and the community while providing a more accurate picture of the STR landscape on Hilton Head Island.
Hilton Head Island is home to approximately 40,000 full-time residents but sees around 2.5 million visitors per year.
Hilton Head Island residents can now submit STR-related complaints using the 24/7 bilingual hotline, hosted by GovOS.

Zumper doubles down on short-term rentals; launches a dedicated vacation site, a new subscription service for flexible stays, and hits an inventory milestone

Retrieved on:

Wednesday, March 22, 2023

STR, Growth, Ecosystem, Travel, Consumer, SAN, Lease, Tourism, Vacation

SAN FRANCISCO, March 22, 2023 /PRNewswire/ -- Today, Zumper, North America's largest privately owned rental marketplace, launches Vacations by Zumper, a new destination for short-term rentals inclusive of hotel room listings; FlexPass, a frequency-friendly short-term rental subscription service; and a vastly broadened listings catalog across both Zumper.com and Vacations.

Key Points:

The latest Zumper offerings aim to redefine the rental marketplace by catering to the needs of long-term, short-term, and vacation renters.
As a leader in the long-term rental market with over 178 million annual visitors, Zumper deeply understands the renter mindset.
As digital nomads, remote workers and those with wanderlust continue to grow in size, Zumper has launched FlexPass , an annual subscription service.
Through these strategic alliances, Zumper's vacation hub, Vacations by Zumper , has also added around 50,000 new hotel listings.

reAlpha Asset Management Inc. Launches Fractional Ownership Platform for Short-Term Rentals

Retrieved on:

Monday, March 20, 2023

The first vacation rental available on reAlpha’s new platform is the “Jasmine,” a five-bed, 4.5-bath property located in Orlando, Florida, America’s largest travel and tourism destination.

Key Points:

The first vacation rental available on reAlpha’s new platform is the “Jasmine,” a five-bed, 4.5-bath property located in Orlando, Florida, America’s largest travel and tourism destination.
reAlpha’s innovative and easy-to-use fractional ownership platform, which can be accessed through the company’s web-based application, allows accredited and non-accredited investors to add well-located vacation rentals to their investment portfolios through “initial property offerings.” Investors also have the ability to track the performance of their investments through the platform.
“Our goal from day one was to create best-in-class technology that would enable everyone to acquire fractionalized ownership in the growing short-term vacation rental asset class,” said Giri Devanur, CEO of reAlpha.
Based on AirDNA and its own analysis, reAlpha believes the Jasmine is capable of generating annual revenue of over $61,000.

ForeverLawn Announces Return of Jeffrey Earnhardt and the No. 44 Chevy Camaro at Phoenix Raceway

Retrieved on:

Friday, March 10, 2023

Sale, Precision Products Racing, POS, STR, Earnhardt, Partnership, Chevrolet Camaro, PCI, EMV, NASCAR, FS1, Chevrolet, Gas, Phoenix Raceway, EST, Phoenix

First-time primary sponsor Gas POS and new paint scheme to be featured at United Rentals 200

Key Points:

Phoenix, Arizona--(Newsfile Corp. - March 10, 2023) - ForeverLawn, Inc.® is excited to announce that Jeffrey Earnhardt will be racing at Phoenix Raceway in Phoenix, Arizona featuring Gas POS as a first-time primary sponsor.
The Gas POS red and white wrap to be featured at Phoenix Raceway.
44 Chevy Camaro as they look to grow their relationship with him and ForeverLawn in 2023.
44 Chevy Camaro this weekend at Phoenix raceway," says JenniLee Karmie, ForeverLawn NASCAR Facilitator.

Start-Up Company Alertify to Attend the 2023 Independent Hotel Show March 14-15th in Amsterdam

Retrieved on:

Monday, March 13, 2023

Temperature, Smoke, STR, Privacy, Hotel

AMSTERDAM, March 13, 2023 /PRNewswire/ -- Start-up company Alertify to attend the 2023 Independent Hotel Show March 14-15th at the RAI Convention Center in Amsterdam to showcase their latest product for hoteliers and short-term rental owners.

Key Points:

AMSTERDAM, March 13, 2023 /PRNewswire/ -- Start-up company Alertify to attend the 2023 Independent Hotel Show March 14-15th at the RAI Convention Center in Amsterdam to showcase their latest product for hoteliers and short-term rental owners.
The Independent Hotel Show is an annual event that highlights the newest and most relevant trends, leading technology and top designers in the hospitality industry.
There are 200+ exhibitors expected at this year's Independent Hotel Show.
Attendees of the 2023 Independent Hotel Show in Amsterdam this March will be able to demo the latest device and dashboard data in real-time.

Techvestor Launches Expansion into the Florida Market

Retrieved on:

Thursday, February 23, 2023

Spring break, Learning, Capital market, STR, Maintenance, Acquisition, Lois, Research, Investment, Pocono Mountains, Growth, General partnership, Guler, USD, COVID, Property management, Real estate, STR analysis

The new STR properties that Techvestor is currently acquiring in Florida will roll into the current portfolio, fully owned by its community of investors.

Key Points:

The new STR properties that Techvestor is currently acquiring in Florida will roll into the current portfolio, fully owned by its community of investors.
"We've been able to capitalize on the growing value of the STR market," says Guler.
This enabled us to build a portfolio of properties in 10+ markets, including the Poconos, Scottsdale, and Blue Ridge, GA. Now we are focusing on our latest market: Florida."
As it has been with other markets, Techvestor will be solely responsible for not only the acquisition of but the renovation and design of all Florida STR properties.

New Promega Chemistry Will Enable Forensic DNA Labs to Solve More Challenging Cold Cases, Sexual Assault Cases

Retrieved on:

Tuesday, January 31, 2023

PowerPlex® 35GY System, launched today by Promega Corporation, is a first-of-its-kind eight-color DNA analysis kit that helps forensic laboratories get more information out of their most challenging samples.

Key Points:

PowerPlex® 35GY System, launched today by Promega Corporation, is a first-of-its-kind eight-color DNA analysis kit that helps forensic laboratories get more information out of their most challenging samples.
View the full release here: https://www.businesswire.com/news/home/20230127005310/en/
PowerPlex® 35GY System, launched today by Promega Corporation, will empower forensic laboratories to get more information out of their most challenging samples, providing more data to support cold cases and sexual assault cases.
PowerPlex® 35GY System is also ideal for working with sexual assault samples or for identifying unknown matches through familial searching.
By combining these Quality Indicators with the high-throughput capabilities of Spectrum CE System, PowerPlex® 35GY System can help forensics labs efficiently work through their sexual assault kit backlog, for example.