Smartflats is the number 1 in Belgium in the “apart-hotel” segment: they fit out and rent out extremely well-located flats in the city centre and offer them for short stays. They currently manager more than 200 flats and their growth is accelerating, with about ten new flats opening every month. It is ‘hotel 2.0’ – guests are independent, everything is digitalised and flexible, and the model has proved its effectiveness against traditional hotel systems, with Smartflats achieving 70% occupancy in a full year of covid. We believe that Smartflats is a rare gem in Belgium in the “smart living” sector, and we have been working with them for several months to define a solid governance and growth plan, including diversifying the model towards a “buy-to-rent” model next to their current “rent-to-rent” model.
TheClubDeal has invested about €2m in June 2021.