12/24/2022 0 Comments Stay alfredAt the time, a spokesperson told The Real Deal that Stay Alfred had to close properties and furlough employees because of Covid-19, but that the company would remain in business. Upscale travel apartments in the best downtown locations. The company shut down social media accounts last month, fueling rumors that the business was closing for good. Stay Alfred has created an entirely new segment in the hospitality industry that offers consistently amazing hotel-style accommodations in high-end downtown. That was up from $66.5 million in 2018.īefore the pandemic hit, the Spokane, Washington-based firm had 221 employees and operated 2,500 units in 33 cities. Stay Alfred on North Capital at 8527 N Capital Of Texas Hwy, Austin, TX 78759 ranks 245 out of all Hotels and Motels in Austin, TX for in-store foot traffic. Self parking (subject to charges) is available onsite.Dont miss out on the many recreational opportunities, including an outdoor pool, a spa tub, and a 24-hour fitness center. And now, it’s over,” Allen told the Spokane Business Journal, which first reported the company’s closure.įounded in 2010, Stay Alfred - not to be confused with Hello Alfred, a startup that coordinates errands and other tasks - generated $100 million in revenue from short-term rentals last year, Allen said. Conveniences include desks and separate sitting areas, and housekeeping is provided once per stay.Featured amenities include a business center and laundry facilities. “At one point, we were a $100 million company. Stay Alfred, a hospitality startup that raised $62 million, is closing its doors for good.Įnding weeks of speculation and rumor, CEO Jordan Allen said revenue dried up during the coronavirus pandemic, and in March, the firm failed to raise $30 million in funding that would have let it stay open. Tecela secured lease tenant Stay Alfred, the leading provider of travel apartments since 2011, making it the hospitality brands 33rd domestic location.
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