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Hotels
A fire sale gives a new lease on life to Selina, a brand that reinvented hostels for the TikTok generation but struggled after a debt binge.
Sean O'Neill | 3 months ago
Selina billed itself as a pioneer in the "digital nomad" hospitality sector. But it can no longer avoid insolvency. Its woes can be partly traced back to its ill-fated SPAC merger in October 2022.
Sean O'Neill | 4 months ago
Daily Lodging Report
Selina Hospitality’s existing shareholders face dilution as Osprey International Limited expedites its $6 million investment, impacting the company’s total share structure unfavorably.
7 months ago
Selina Hospitality received a delisting notice from Nasdaq due to its low stock price, but plans to implement a reverse stock split to regain compliance.
Selina issued an update, emphasizing management's confidence through executive stock conversions and alignment with shareholders, clarifying that insider stock sales were automatic transactions for tax purposes, not discretionary market sales.
8 months ago
Lodging stocks and the broader market traded and closed higher on Friday, but Selina decided to go its own way and closed at a new all-time low.
Selina has been partly counting on the patience of owners and financial partners as it restructures to live another day. But at least one hotel owner ran out of patience.
Sean O'Neill | 10 months ago
Online Travel
The short-term rental sector is growing, but property managers have been having a hard time as supply has outpaced demand.
Justin Dawes | 11 months ago
Short-Term Rentals
Today's podcast looks at Airbnb's new CFO, Selina's restructuring, and how a merger between Alaska Airlines and Hawaiian would play out.
Dawit Habtemariam | 12 months ago
Selina hopes to avoid bankruptcy by seeking a restructuring out of court. Other travel companies that have similarly struggled after going public in a rocky market will watch closely.
Sean O'Neill | 12 months ago