by Michael J. Shapiro | May 26, 2015
According to the Wall Street Journal, Hyatt Hotels Corp. has invested about US$40 million in the London company Onefinestay, a sharing-economy platform that allows luxury homeowners to rent out their houses for short-term stays. The arrangement reportedly represents the first major investment from a large hotelier in this type of company. Onefinestay represents with more than 2,500 homes in London, New York, Paris and Los Angeles. Those who book at the upscale homes receive a loaner iPhone loaded with local tips from the owner, for use during their stay.