Dash Living signs management agreement to convert Travelodge Central to co-living

The 148-room Dash Living on Hollywood is one of many assets to be unveiled in partnership with overseas real estate institutions.

HONG KONG, January 21, 2022 /PRNewswire/ — Dash Living, from Asia leader in the serviced co-living community, today announced that it has signed an agreement to take over the management of Travelodge (soon to be Dash Living on Hollywood) on Hollywood Road in the heart of hong kong, increasing Dash Living’s inventory by more than 10% with the addition of 148 rooms. Upon completion, Dash Living will continue its asset-driven approach to fully operate and manage the property under a management agreement.

Expected to be completed in the second half of 2022, the deal marks a strong start to the year for Dash Living and reflects its growing amount of work with institutional investors to launch new properties and projects in the region.

“This deal is a testament to high-performance, technology-enabled co-living spaces that are both attractive and resilient to property owners and popular with end users. We are pleased to work with institutional real estate investment managers on this exciting flagship product on the island, as well as many others in the region, to provide our customers with quality cohabitation experiences with our many advantages,” noted Aaron Lee, founder of Dash Living. “We quickly filled rooms and maintained our industry-leading position in occupancy throughout the pandemic, and we’re seeing that growth continue this year.”

Dash Living has grown rapidly in Asia Pacific, before and during the pandemic. In 2021, the rental solutions provider’s reservation values ​​increased by more than 200% year-over-year with more than 1,300 units, including serviced apartments, co-living homes and hotel rooms. While extending from hong kong and Singapore in sydney and Tokyo respectively, Dash maintained high occupancy rates above the 90% mark and was able to quickly fill two blocks for Ovolo Hotels shortly after the announcement in the second quarter of 2021.

Along with a dynamic product portfolio and competitive pricing, Dash Living offers a one-month minimum stay – much more flexible than the traditional one-year minimum rent. Renters can also take advantage of neighborhood perks, including gyms, dining and shopping options with discounts, and more. Additionally, Dash Living offers regular tenant events to bring the “serviced living community” to life, including collaborations with local partners for activities such as yoga, baking, and fitness.

Dash living on Hollywood is conveniently located, with easy access to two MTR stations and a short walk to Central. The upcoming co-living flagship is surrounded by popular co-working spaces, wet and dry markets, parks, cafes, and even art and cultural landmarks such as PMQ, making it a perfect option for millennials. , digital nomads and travellers.

Aaron Lee added: “Our co-living concept gives people the choice to live, mingle, connect and engage with like-minded people in common areas shared by tenants. But our tenants can also come back in back and enjoy their own private room with its own facilities and services.”

About Dash Living

Dash Living is from Asia new generation of rental solutions in hong kong, Singapore, Tokyo, and sydney. Founded by a serial entrepreneur Aaron Lee and with venture capital backed by MindWorks Ventures, Grosvenor, Taronga Ventures and more, Dash Living’s mission is to build a global lodging community through the sharing of savings, technologies and unique tenant experiences, enabling demanding urban professionals to live and thrive in the world’s most expensive cities.

Website: www.dash.co

For media inquiries, please contact FleishmanHillard Hong Kong

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