Finland’s Bob W acquires Charly Hospitality and enters German market
Helsinki-based rental short-stay operator Bob W has made another acquisition to expand its service reach. This time, it’s Charly Hospitality, a German apartment rental agency. The company does not reveal the details, but says the deal added seven properties located in Germany and the Netherlands.
- Founded in 2018 by Niko Karstikko and Sebastian Emberger, Bob W develops a rental platform. It offers a smart and sustainable alternative to hotels and short-stay rentals. According to the company, it provides guests with five-star, contactless service in locally-designed apartments within handpicked neighbourhoods.
- Currently, the service operates 27 aparthotel and coliving properties across Europe, including in the UK, Spain, Finland, Italy, Norway, Greece, Estonia, and now in Germany.
“With Bob W, we have found the perfect home for our team and our portfolio of boutique aparthotels in Germany and the Netherlands. We strongly believe in Bob W’s potential to become the market leader in alternative accommodations in Europe and are delighted that Charly will play its part in it,”Jona Schaeffer, Charly Hospitality founder, comments.
- By acquiring Charly Hospitality, the company added seven properties to its catalogue located in Germany’s Bonn, Munich, Berlin, Lübeck, and Cologne, as well as Amsterdam in the Netherlands. All of these properties will transition to the Bob W brand tech platform and suite of apps during 2023.
- Bob W aims to continue expanding quickly across Europe, particularly in Germany, which it expects to be its largest market by the end of 2024.
In October 2022, Bob W managed to raise €21 million during its Series A funding round. And in May that year, Bob W acquired its Estonian competitor Estonishing Stay to expand its short-stay rental platform.