Hyatt Is Investing in the Sharing Economy Again, This Time With Oasis

When news broke last week that AccorHotels was combining three of its rental brands — onefinestay, Travel Keys, and Squarebreak— into a single unit, Skift wondered: What about Oasis? Today, we finally have our answer: Paris-based AccorHotels is no longer an investor in the "home meets hotel" platform, also known as Oasis Collections. Instead, Hyatt has stepped up to the plate. Last week, Hyatt made a strategic, minority investment in Oasis, bringing the company's total fundraising to $35 million. Just how much Hyatt has invested in Oasis was not disclosed, but Oasis CEO and co-founder Parker Stanberry noted it was a "significant minority position." Hyatt's Plans for Oasis Stanberry told Skift that Hyatt initially approached Oasis about an investment "a few months ago." "You've seen some statements they've made before about their interest in entering adjacent spaces and serving their upscale customers. This wasn't a big surprise," he said. "It was a very natural fit…more natural than previous investors, given the location of the companies, the consumer base, the types of brands that Hyatt has. It just seemed like it was great combo of us offering something they didn't have at all, but which spoke to a similar guest experience and a similar customer. It felt natural, and with them coming in, Accor is no longer invested. They are consolidating under their onefinestay brand and have bought a couple of players in the space. It seemed like a better fit to take it into this direction with the new partnership." Oasis and Hyatt said the new investment will allow Oasis to expand its portfolio to addit