Want to be Cove-fortable? Cove, a flexible-stay platform active across APAC, announced that it has entered into a definitive agreement to acquire Singapore-based Casa Mia Coliving.

• The combined business, which will operate under the Cove brand, is expected to exceed $50M in annualized rental income.
• It will also expand Cove’s portfolio to over 2K rooms in Singapore and 8K rooms across APAC.

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🏘️ More on Cove

Cove is a tech-enabled flexible-stay platform that offers long, medium, and short-term stays to customers across APAC.  

• They offer three tiers, from a fully-furnished premium room (Cove Luxe), to a mid-tier furnished room (Cove Classics), to a basic room with a common kitchen (Cove Basics).

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👣 Their footprint

Cove operates over 8K rooms across Singapore, Indonesia, South Korea, and Japan. They’re backed by Keppel, Eurazero, Picus Capital, Venturra, Xander, and Antler.

• The acquisition will deepen Cove’s in-house operational capabilities thanks to Casa Mia’s BCA-certified facility management team.

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🍷Mi casa, su casa

Launched in 2019, Casa Mia Coliving operates over 500 fully furnished rooms in prime central neighborhoods.

• Want to meet a new friend? Casa Mia runs weekly community events with  their primary customer, young professionals in their 20s!