Short-Term Rental Startup Casai Acquires LoopKey to Lock Up Key Tech
Photo Credit: Image of a short-term rental apartment in Mexico that's professionally managed by the startup Casai. Source: Casai. Casai
Skift Take
Lodging startup Casai, which is like a Sonder for Latin America, has bought a vendor of smart home tech. The deal is one of the more notable examples of hospitality companies trying to secure their supply lines.
Casai, a Mexico City-based startup that professionally runs short-term rentals as hotel-style lodging, has acquired a São Paulo-based tech vendor, LoopKey, to assure its supply of hardware and software to manage guest access to its units.
The companies didn't reveal the deal terms. The acquisition has closed and met regulatory hurdles.
"Access control solutions are mission-critical," said Casai co-founder and CEO Nico Barawid. "If a side table is delayed, we can launch an apartment without it. If a smart lock is delayed, we will delay the launch of an apartment."
Supply issues because of pandemic-related disruptions are plaguing many hospitality companies along wit
