Company Overview
Vireo is revolutionizing the global hospitality and rental investment landscape by building a distinguished digital apart-hotel brand, integrating innovative, technology-driven solutions into the evolving real estate market. Specializing in apart-hotel style properties, Vireo’s platform reduces operating costs by up to 50%, leveraging AI-powered customer service and digital concierge services to elevate the guest experience. For guests, Vireo offers a seamless, tech-enabled, design-focused apart-hotel experience that combines modern comfort with affordability. Our platform manages the entire guest journey—from booking to checkout—ensuring a low-touch, hassle-free, and enjoyable stay. For property owners, Vireo provides compelling economic benefits, effortless management, and trusted partnerships that maximize investment returns. Our comprehensive end-to-end solutions encompass property acquisition, management, and utilization of apart-hotel assets, driving higher ROI while significantly reducing operational costs. By building a strong digital apart-hotel brand, Vireo is shaping the future of hospitality and rental investment management worldwide. Highlights: • Strong Financials: 192% revenue growth from 2020 to 2023 • Projecting 18% EBITDA margin by 2025, with ~80% of CapEx funded by landlords • Vireo's properties have significantly better performance metrics compared to our competitors. • Occupancy rate that is 1.4x higher than competitors. • Vireo's properties generate 1.3x more revenue per available room compared to our competitors. • Operating over 300 properties across 9 markets and 4 countries, with plans for expansion into additional markets between 2024-2026. • More than 130 000 nights booked through Vireo’s platform • Vireo hosted more than 60 000 guests