The start-up hospitality company has said that it will target every major city in the MENA region before moving on to Europe and North America.
The company has launched in Bahrain ahead of a further regional expansion as it looks to take advantage of the Kingdom’s booming real estate sector. The start-up company has positioned itself as a rival to traditional hotel chains and already has almost 300 properties across the UAE, Bahrain and Canada.
Mohannad Zikra, CEO and Co-Founder of Stella Stays, comments: “We have an aggressive growth plan and the new properties being built in Bahrain will play a crucial role in our strategy. Our expansion into Bahrain coincides with the Kingdom’s major real estate developments. Our model is the perfect fit for the Bahrain market and will be an excellent stepping stone in rolling the concept out to key locations in the region.”
In support of the expansion, Stella Stays has secured an initial round of funding which according to Crunchbase, is around $10.2M.
