Selina unveils plans for NYC project, targets growth in U.S.
Located at 138 Bowery, on the border of the buzzing Nolita and Lower East Side districts of Lower Manhattan, the seven-floor, 63,000-sq.-ft. property will offer hotel, co-work, retail and food and beverage concepts, including 20,000 sq. ft. of public space. The property will feature 90 rooms, designed in collaboration with New York-based artists and designers, an outdoor terrace and a 6,000-sq.-ft. rooftop bar, in addition to 3,000 sq. ft. of retail space on Bowery.
According to Selina’s President Yoav Gery, the brand’s arrival in the U.S. offers a distinctive economic model for hotel developers and property owners across the country, with Selina’s long-term, 20-year lease strategy offering a solid and fixed return on investments for its partners.
“Since launching in 2015, Selina has become known as the hotel for digital nomads, especially amongst millennial travelers from the United States, who are now the number-one international market at our 30-plus locations in Latin America and, more recently, Europe,” Gery said.
“Our New York property will become a flagship location for the global Selina brand and signals an incredible opportunity for hotel owners and developers across the country to join forces, as we grow our platform and create an entirely new way for digital nomads and millennials to experience and explore the U.S.—from the bustling streets of New York to the best waves on the West Coast and everywhere in between,” Gery continued.
Selina’s rapid global expansion follows intense investor appetite including a $95M Series B round in early 2018 and the recent commitment of $150M in real estate funding from DD3 Capital Partners to expand throughout México. In 2019, Selina is set to open new properties across the United Kingdom, Portugal, Greece, Poland, Israel, Brazil, Argentina, Panama, México, Colombia, Ecuador, Costa Rica, Guatemala and Peru.
“The number of travelers looking to combine work and play around the world will continue to grow, and we’re thrilled to be at the forefront of this movement, providing a place for digital nomads to stay, work and play—whether for a long or short time—all over the world,” Gery said.
Selina is a member of WYSE Travel Confederation
Source: Hotel Business