UK: Customer experience technology platform Alliants and property management software-as-a-service [SaaS] solution [PMS] Hospiria have partnered to launch a “groundbreaking” flexible rental platform called 1 LiVNG, which is focused on transforming the residential real estate market.
1 LiVNG aims to deliver increased rates of return for residential real estate assets of up to 25 per cent through a combination of increased revenue and improved efficiency.
The product has launched with more than 2,800 units in 75 destinations across 50 countries, with strong demand reported across a variety of residential segments, including; multifamily, timeshare and branded residences. The partnership is targeting the North America, EMEA and Asia Pacific regions for growth.
Initial results show a 19 per cent increase in new revenue streams, 13 per cent lower costs from streamlined operations, 15 to 25 per cent higher rates of return, and 14 per cent higher satisfaction scores.
Alliants CEO Tristan Gadsby said: “I believe that the current pressure on multifamily developers, coupled with the strain on rental incomes, necessitates finding alternative revenue streams. Additionally, the hotel industry lacks the technological infrastructure to effectively manage the branded residences and short-term rental markets.
“When you combine these three factors, it’s clear that now is a critical time to explore new technology solutions and 1 LiVNG is leading the way,” added Gadsby.
The collaboration focuses on bringing together “the best of hotel and short-term rental technology” to deliver an innovative new product offering to the market. It will facilitate an additional revenue stream for asset owners, operators, and residents, particularly for multifamily developers looking to maximise returns and hotel companies diversifying their product offerings.
Hospiria CEO Merilee Karr said: “We are excited to collaborate with Alliants to launch 1 LiVNG and redefine flexible rentals in the multifamily real estate market. Through this partnership, we are committed to delivering innovative solutions that meet the challenging needs of property owners and guests, setting a new industry benchmark for excellence.”
Setting out to offer a flexible, sustainable and community-focused experience, 1 LiVNG will enable property owners to optimise their flexible rental operations, enhance guest experiences, and maximise revenue through advanced property management and revenue optimisation tools and services.
1 LiVNG founder Pierre Boulet said: “At 1 LiVNG, we are committed to revolutionising the residential real estate market by integrating the best of luxury hospitality with cutting-edge technology.
“Our partnership with Alliants and Hospiria allows us to offer property owners an innovative platform that not only enhances guest experiences but also drives significant revenue growth. This is an exciting time for 1 LiVNG to be at the forefront of this transformation, as we redefine the future of multifamily living,” he added.
Hospiria launched in July 2020 as a new business arm of UnderTheDoormat Group, aiming to support property owners, portfolio managers and independent holiday let owners retain their independence and compete toe-to-toe with national players and global accommodation brands post-Covid. The platform now provides a single system to operate, distribute and manage short-term rental portfolios, while its software and services are designed to simplify access to the market for real estate companies, including Long Harbour and Cadogan Estates, small- and medium-sized enterprises [SMEs] and hotel-branded residences.
