Europe: NUMA Group, the tech-enabled operator of apartments, has increased its managed portfolio to more than €1.5 billion.
NUMA’s assets under management (AUM) represent more than 4,500 units in 27 cities across 10 European countries.
This includes the entrance into five new markets this year: Norway, Portugal, Belgium, Czech Republic and Switzerland.
Christian Gaiser, CEO of NUMA Group, said: “NUMA, with its high-tech concept, offers a professional investment solution for the fragmented European hospitality market, especially with regard to owner-operated properties.
“We have consistently expanded the brand into prime locations in new markets in recent months and remain highly optimistic for the remainder of the year, even in the current market environment. We are planning massive expansions in our existing markets and will also expand our presence in France, the UK, Ireland and the Nordic countries.”
Dimitri Chandogin, president of NUMA Group, added: “The pace of the institutionalisation of the boutique apartment segment continues to accelerate. In contrast to the traditional hotel and serviced apartment industry, the digital NUMA concept is significantly more resilient to macroeconomic shocks. Over the past few challenging years, we have repeatedly proved that we can quickly react to different market situations. This makes our business model very attractive, especially for professional investors.”
Last year, NUMA partnered with LaSalle to launch a €500 million pan-European hotel aggregation strategy. The company also works with Parizia, Soravia, Signa, C&P, Carucel, Ort Group, 777 Capital Partners, and others.
