UK: Q International Group (QIG) has secured “a significant equity investment” by Glade Capital to facilitate its future expansion.
Glade Capital is part of a multi-strategy investment group, which has made more than 300 investments worth US$ 3.5 billion in recent years. Two new directors from Glade Capital, Lior Eisenberg and Idan Moskovich, have been appointed to the QIG board and will work closely with the existing executive team.
QIG is a newly established umbrella group, parent company to Q Apartments and Q Global Network.
QIG plans to double its existing UK portfolio of serviced apartments by 2023, as well as launching an aparthotel brand across the Uk and Europe as owner operator commencing in 2023; in addition to its traditional corporate serviced apartment portfolio.
As part of its expansion plan, QIG will be acquiring a new office in the APAC region to expand market share, as well as continuing its strong growth in Latin America.
QIG will also be completing its booking technology platform which will be launched in 2022, a project that has seen investment of more than $2 million.
The platform is described as “a straightforward booking tool with enhanced data, superior analytics, broader billing capacity and enhanced features and is built from a client perspective”.
Colum Campion, CEO of QIG, said: “Our partnership with Glade Capital lays a significant foundation for us to utilise their funding, their network and their expertise to ensure that the Q IG expands upon our already strong position as a leading, tech enabled serviced apartment provider both domestically and internationally . Our strategy is to double our real estate footprint and enhance our revenues, both organically and through acquisition opportunities, following our recent successful restructure.”
Lior Eisenberg, CIO at Glade Capital said: “We are thrilled to invest in QIG to help to continue its next growth phase. The company is led by an outstanding team providing excellent service with a focus on client satisfaction and tech, and this ethos fits well within our investment portfolio. QIG is now set to redefine this space and we are confident that it will become a dominant player in the UK and in multiple overseas markets also.”
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