Barsala

Barsala

Furnished short-term rental accommodations with amenities

About Barsala

Simplify's Rating
Why Barsala is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Real Estate

Consumer Goods

Company Size

51-200

Company Stage

Acquired

Total Funding

$23.3M

Headquarters

Portland, Oregon

Founded

2015

Overview

Barsala provides furnished accommodations with upscale amenities for short-term rentals, targeting business travelers, entrepreneurs, and families seeking extended stays in urban areas. The company leases and manages high-quality apartments in prime locations, offering features like mobile check-in and high-speed Wi-Fi. Barsala stands out from competitors by delivering a tech-driven experience that combines the comfort of home with hotel-like amenities, including spacious living areas and well-equipped kitchens. The goal is to create a superior guest experience that encourages repeat visits, as evidenced by positive customer feedback. By focusing on modern comfort, convenience, and exceptional service, Barsala aims to redefine the extended stay market.

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Simplify's Take

What believers are saying

  • Increased demand for flexible living arrangements supports Barsala's business model.
  • The rise of 'bleisure' travel aligns with Barsala's extended stay offerings.
  • Barsala's acquisition by Landing expands its market reach and operational capabilities.

What critics are saying

  • Increased competition from tech-enabled flexible housing operators like Sonder and Lyric.
  • Potential regulatory backlash due to the impact of short-term rentals on housing.
  • Integration challenges following the acquisition by Landing could disrupt operations.

What makes Barsala unique

  • Barsala offers tech-driven, fully furnished accommodations in prime urban locations.
  • The company combines hotel amenities with the comfort of home for extended stays.
  • Barsala provides personalized customer service and local experiences for travelers.

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Funding

Total Funding

$23.3M

Below

Industry Average

Funded Over

3 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Company News

ExploreBit
Mar 29th, 2024
Landing Acquires Barsala

Barsala Founder and CEO Michael Monu will join Landing as President of the Barsala division, and Co-Founder and CTO Michael Copley will join as VP of Technology Operations.

GlobeNewswire
Mar 28th, 2024
Landing Acquires Barsala To Fuel Momentum Across Multifamily Sector

BIRMINGHAM, Ala., March 28, 2024 (GLOBE NEWSWIRE) -- Landing, the company behind the first membership for flexible apartment living, announced today that it has acquired Barsala, a leading tech-enabled flexible housing operator, for $30 million. The acquisition expands access to Landing’s full-service Autopilot offering, which maximizes revenue for multifamily property partners by adding furnished, flexible living in their apartment communities. Under the new deal, Landing will add more than 1,000 units across 11 markets to its Autopilot program. “By activating otherwise vacant units using a combination of technology and marketing, Barsala has built a profitable model and strong reputation, cultivating deep partnerships with class A multifamily property owners,” said Bill Smith, Founder and CEO of Landing. “This acquisition allows us to bring the benefits of our Autopilot platform and heightened demand from our qualified members to a growing number of property owners across the country, while opening doors to more fully-furnished apartment homes in new markets for our members.” Since its inception in 2016, Barsala has partnered with multifamily developers across the country to convert thousands of vacant, zero-income producing units into fully-furnished rentals. Its flexible lease-up options typically begin generating cash flow within 30 days for partners

Yahoo Finance
Jun 28th, 2023
Barsala Announces New Partnership With John Buck Company For Luxury Building In Chicago

John Buck Company Partners with Flexible Housing Operator Barsala to Optimize Lease-UpPortland, Oregon. --News Direct-- Prodigy Press WireBarsala, the leading tech-enabled flexible housing operator, announces its latest partnership with the Chicago-based real estate firm, The John Buck Company. The collaboration marks a step forward in Barsala's mission to transform the traveler's experience by offering an alternative to traditional hotels better suited for extended stays.As part of the partnership, Barsala will bring its expertise in class A multi-family, flexible-use housing to The John Buck Company's new luxury building, Platform 4611, located in Uptown, Chicago. Platform 4611, developed by The John Buck Company, is a remarkable residential complex boasting 200 meticulously designed luxury apartments. The building stands out in Barsala’s portfolio in that it offers coworking spaces and individual workstations on every floor.Barsala's unique approach to the real estate market allows them to tackle the traveler's dilemma, catering to the needs of solo business travelers, couples seeking a getaway, and families exploring new cities. By leveraging their expertise, Barsala minimizes the time and effort involved in leasing large multi-family buildings

PR Newswire
Jun 13th, 2023
Leading Flexible Housing Operator Barsala Expands Partnership With Kittle Property Group To North Carolina Location

CHARLOTTE, N.C., June 13, 2023 /PRNewswire/ -- Barsala, the leading tech-enabled flexible housing operator, will soon launch 42 apartment units at The Spire in Charlotte, North Carolina, through their second partnership with Kittle Property Group Inc.Barsala will operate two garden-style apartment buildings at The Spire, converting 15% of the 288 units into high-end rentals to fulfill the growing need for short-term luxury housing in Charlotte. Barsala will have the units ready and launch their lease-up efforts beginning July 1, 2023.Barsala, the leading tech-enabled flexible housing operator, will launch 42 apartment units at The Spire in Charlotte, North Carolina, through their second partnership with Kittle Property Group Inc. Barsala will operate two garden-style apartment buildings at The Spire, converting 15% of the 288 units into high-end rentals to fulfill the growing need for short-term luxury housing in Charlotte."Charlotte is one of the fastest growing markets in the country, so we're excited to launch The Spire and expand our relationship with Kittle Property Group," said Jason Istrin, Vice President of Real Estate at Barsala. "We are thrilled to launch in another demand-heavy market. The Spire is an especially great property due to its proximity to the Charlotte Motor Speedway, PNC Music Pavillion and the University of North Carolina at Charlotte."Charlotte is the 8th fastest-growing city in America, with robust expansion in its financial, dining, and entertainment industries."Barsala brings a unique set of opportunities to the table for our lease-ups," said Robyn Eaton, Senior Vice President of Portfolio Management & Analysis at Kittle Property Group. "The additional occupancy early in the lease up brings energy and excitement to the property while offsetting vacancy and maximizing revenue

PR Newswire
Sep 14th, 2022
Barsala Appoints Jason Istrin as Vice President of Real Estate

/PRNewswire/ -- Barsala, an elevated hospitality brand in the short-term rental sector currently managing over 800 multifamily units nationwide, announced this...

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