• The short-term rental sector may be temporarily in the doldrums, but that hasn't dampened the appetite of Silver Lake, which clearly sees fair winds ahead as it becomes a massive investor in the distribution space.

In the space of just 10 months, the company has participated in two funding rounds for Vacasa which have totalled more than $400 million.

And as the likes of Airbnb and Expedia hit choppy waters with the onset of the pandemic, Silver Lake participated in a $1 billion investment round for Airbnb, before joining Apollo Global Management in a $3.2 billion capital raise for Expedia shortly afterwards.

These are bold moves - the Financial Times has described Silver Lake’s coronavirus investments as a make-or-break moment for CEO Egon Durban. He is betting that the travel and hospitality space will return to relative normality sooner rather than later. With scientists, governments and commentators still playing a guessing game as they learn more about the virus daily, Durban has put his reputation as the digital era's equivalent to Warren Buffett squarely on the line.

• Investment is the topic of our next Urban Living webinar, which takes place on June 17th at 2pm BST

The session will look at investor sentiment around short-term rentals, hotels, serviced apartments, student housing, coliving and hostels.

Joining me for the session will be:
• Michael Abel, partner, TPG
• Christian Birrell, investment fund manager, COLIV Fund, DTZ Investors
• Lissa Engle, founder and managing director, Berkeley Capital Group
• Mai Lan Marcilly, director, real estate private equity, KKR
• Florian Schmitz, founder and CEO, Resonance Partners

Click here to register

The webinars are a precursor to the URBAN LIVING FESTIVAL 2020: stay-live-work on 25-26 November at Tobacco Dock London.

Future topics include:
• Wednesday June 24: ‘Workspitality’ – how work is converging with the new-age of hospitality
• Wednesday July 1st: Funding and investment
• Wednesday July 8th: Coliving: fad or phenomenon - will co-living stand the test of time?
• Wednesday July 15th: Sustainability in development and operations
• Wednesday July 22nd: Student housing/Build-to-Rent: developers changing the game with technology
• Wednesday July 29th: Distribution disruption: will the OTAs bounce back?
• Wednesday August 12th: Money v meaning (social purpose)
• Wednesday August 26th: Placemaking and working with the community

• If you have a story you want us to tell the industry, please click here and get involved with the community by joining our ShortTermRentalz LinkedIn group here.

George Sell, editor
george@internationalhospitality.media

For more information and sponsorship / advertising opportunities, please get in touch with us.

Paul Stevens

News Editor

+44 (0)7393 293643

paul@internationalhospitality.media

Piers Brown

CEO

+44 (0)7918 185 840

piers@internationalhospitality.media

OUR EVENTS

International Hospitality Media is the premier specialist in online publishing; conference, exhibition and events, and advisory services for niche growth sectors of the hospitality industry. The company publishes three industry-leading b2b websites - BoutiqueHotelNews.com and ServicedApartmentNews.com and ShortTermRentalz.com which keep their respective sectors up to speed with news, comment and opinion.

Our conference experience spans four continents and covers high growth segments including boutique, lifestyle and hybrid hotels, serviced apartments / aparthotels and extended stay, and vacation rental. Our events are renowned for their intense focus and attract quality industry leaders, brands and independents, providing unparalleled networking and learning opportunities. We also organise bespoke educational events and investor breakfasts to bring owners, operators and investors together.

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