Onefinestay, the London-based accommodations service
specializing in renting out upscale homes, confirmed that it recently received
$40 million in funding and that Hyatt Hotels was one of the investors.
The Wall Street Journal first reported of the $40 million
funding round and Hyatt’s involvement last month.
Onefinestay said it will use the proceeds from its latest
funding round to expand its international presence while improving service,
training and technology.
The company has raised $80 million since its launch in 2010.
The company differentiates itself from competitors Airbnb
and HomeAway, saying it provides a
“turnkey” experience for homeowners. The company handles reservations, payments
and on-site guest requests. Plus, it provides items such as high-end linens,
towels and toiletries for guests.
Onefinestay added listings in New York in 2012, and in Paris
and Los Angeles in 2013.
Also, the company said on Monday that it has hired Tom
Singer as its CFO. Singer is a former CFO for InterContinental Hotels Group.