• Lyric Hospitality announces $160M Series B led by Airbnb

    3 days ago - By Fast Company

    Why compete when you can invest?
    Say your boss is sending you to Pittsburgh for the week. You could book a room at a Marriott or find a more homey spot at an Airbnb, or you could find a place to stay that's a little of both.
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  • Airbnb Leads $160 Million Investment in Startup Designing Apartments for Travelers

    3 days ago - By Fortune

    Just weeks after its last investment, Airbnb is taking the lead on funding another company that complements its home rental service. This time around, Airbnb's investment will help fuel the growth of apartments specifically designed for travelers.
    Lyric said Wednesday that it had raised $160 million in funding, with Airbnb as the lead investor. Lyric, based in San Francisco, plans to use the money to help expand its footprint beyond the 13 U.S. cities in which it currently operates.
    Airbnb's investment comes amid speculation that it will file for a blockbuster initial public offering later...
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  • Term Sheet - Wednesday, April 17

    3 days ago - By Fortune

    AIRBNB'S GRAND PLAN While no one was looking, Airbnb has quietly turned into a powerful investor in Silicon Valley.
    The home-sharing startup is leading a $160 million funding round in Lyric, a San Francisco-based startup that turns new apartment buildings into hotel-like properties for business travelers. The company plans to use the money to help expand its footprint beyond the 13 U.S. cities in which it currently operates.
    My colleague Danielle Abril reports :
    Airbnb's investment in Lyric, in some ways, helps its own business. Lyric leases entire floors of apartment buildings, designs...
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  • Airbnb Leads $160 Million Investment Into Hospitality Startup Lyric

    3 days ago - By Forbes

    Lyric's model is similar to the one WeWork popularized for shared offices.
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