Hotelsbyday

Hotelsbyday

Book your daytime oasis in the middle of the city

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Security Type
SAFE
Categories
Travel
Location
New York, NY
Offering Date
July 12, 2018
Expected Close Date
October 10, 2018
Target Raise
$107.00K
Deal Notes
  • Future Equity (SAFE)
  • $4.9M valuation cap
  • 15% discount

Company Description

Historically, hotels have been unwilling to offer rooms just for the day, sticking instead to rigid check-in and -out times. We created HotelsByDay to make it easy for customers to find and book single day stays. We designed the platform to make it easy for hoteliers to add this new revenue stream and protocol to their current booking system. Intuitively, it makes sense. Financially, it does too – we've brought in $5M+ in gross booking revenues. 

Perks

$250+ 3% cash back on all your bookings on HotelsByDay.com Expires Dec 1, 2019
$500+ 6% cash back on all bookings on HotelsByDay.com Expires Dec 1, 2019
$1,000+ 01 Free Day-Stay on HotelsByDay.com Expires Dec 1, 2019
$5,000+ 03 Free Day-Stays on HotelsByDay.com Never Expires!

Key Deal Facts

$5M+ in gross bookings revenue to date
CEO has 20 years of experience in hospitality
35% customers are repeat users
700+ hotels in North America and London
54K+ bookings
Featured on Lodging Leaders podcast
Featured in over 150 press articles, TV shows, and multiple podcastsd

Use of Proceeds

Firstly, this raise will help us improve our user interface, user experience, and back-office tools so that our partner hoteliers can generate more money with less work. Secondly, we will introduce a universal loyalty program, to reward our numerous repeat customers. Lastly, about 30% of funds will be spent on marketing so we can grow internationally. 

Management Team / Advisory Board Bios

Yannis Moati
CEO and Co-Founder
20+ years in hospitality. Co-founded a travel agency, and directed a global tour operator company.

Brian Dass
CTO and Co-Founder
Founded Timeless Hospitality (acq.) and Open Hospitality (acq.). 20+ years in hospitality.

Eddy Kaljic
COO and Director of Partnerships
Pursuing B.A. Philosophy at Pace University.

Deal Notes

  • Future Equity (SAFE)
  • $4.9M valuation cap
  • 15% discount
Amount Raised : $75,058
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Valuation

Security Description

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