RSBC announces equity investment into easyBNB
In early February, the RSBC Group invested in easyBNB, a company that administers and manages short-term apartment rentals. The aim of the investment is to provide the company with funding for further expansion.
The RSBC Group announced that in early February it invested in easyBNB s.r.o., a company that administers and manages short-term apartment rentals for property owners. The transaction was handled by RSBC’s subsidiary, Czech Unit Trust a.s., which acquired a 30% share.
All of the funding was invested directly into the company and will be used for its future expansion. The management team sees potential not only in Prague, but also in the broader Central European region and other popular tourist destinations. By agreement between the parties the amount of the investment will not be made public.
“We see strong potential for growth in professional short-term apartment rental services, which will be supported by the increasing regulation of this sector and related growth in administrative requirements. It is also a new market without any dominant players at this point,” said Miloslav Vyhnal, Chief Investment Officer at RSBC.
Managing directors of easyBNB Kevin Gestin and Faiçal Orakzai are excited about the new funding and look forward to working with RSBC. Faiçal Orakzai adds: “We view RSBC as a strong partner with extensive experience in property management. Our companies share an ambition to create a regional leader providing exceptional quality in both services and technology.”
By investing in easyBNB, RSBC will expand its current real estate business activities. They focus namely on property acquisitions and management, management of real estate funds, and provision of related services. RSBC also holds the master CENTURY 21 franchise for the Czech Republic.
The easyBNB company is a specialist in short-term rentals. The company offers property owners and managers comprehensive services, from interior design to legal and administrative services. It operates in Prague as well as Madrid, Spain and Athens, Greece. easyBNB’s use of technologies make it possible to offer apartments through over 35 platforms, including Booking.com and Airbnb.