The modern consumer looks for an authentic experience that's safe and accessible. Hotels lack authenticity, provide antiquated service, and offer cramped rooms at exorbitant prices. Airbnb relies on hosts and doesn’t have consistent and safe services. There needs to be an option for people to find flexible travel and living options.
We're capitalizing on the massive consumer behavior trend towards remote work and offering a flexible travel and living solution. By partnering with building owners through revenue share agreements, we offer short and long-term tenants fully furnished and equipped apartments around the U.S.
NUOVO connects people looking for flexible living options with safe, verified homes. Travelers who stay with us enjoy unique travel experiences, top-of-the-line amenities, inspiring design, and a flexible and seamless stay process. Owners who work with us have peace of mind that their apartments are being taken care of and maximized in the most economically efficient and profitable way.
At NUOVO, revenue management is at our core. Due to the lack of good revenue management software solutions on the market, we developed our own revenue management technology. Using machine learning and data analytics, we gather and process internal & external information to provide a comprehensive and automated system that optimizes revenue in real time.
NUOVO has been recognized by the NMHC (National Multifamily Housing Council) as a top player in the STR space. We have seen unprecedented growth – 94% YoY growth in units and 92% YoY growth in revenue. We currently have integrations with 150+ distribution channels, presence across 6 US markets, and manage $75M+ across 250+ units.
NUOVO directly helps renters search for flexible and affordable living solutions and travelers looking for short-term rentals. On the financial side, we provide unparalleled value to landlords and renters. Landlords find that partnering with us reduces vacancy rates by 15% and increases income by 20%.
Across the board, renters and landlords are incredibly positive about our product and we're seeing mass adoption across the U.S.
NUOVO generates income from renting our apartments and entering into lease agreements with our landlords. We saw $6M in revenue in 2019, and $3M in 2020.
We're seeing projected rents of $200M+ and a net revenue of $89M by 2025.
There are now 50M+ potential renters across the country due to changing travel and work conditions. There are now 3.7x more rooms listed on Airbnb than Marriott, Hilton and IHG combined.
The short term rental market is valued at around $107B+ and will grow by 6.9% over the coming years.
NUOVO's go to market strategy is to increase our paid advertising, grow our strategic partnerships and social media engagement. We’ve established a core group of happy customers – now it’s time to leverage that positivity.
NUOVO is unique in specializing in short-term leasing at affordable rates without compromising the safety or the values of our homes. By partnering with local real estate owners and landlords, we provide value on both sides of the traditional renter/landlord exchange.
With your investment we will capitalize on our success and expand to global operations. We plan to become a household name for short-term and flexible leasing to renters and travelers across the world.
NUOVO has raised $2.5M in funding to date. We are now raising $1.07M to invest in business development and growth, product development, team building and marketing.
Led the development of the Retail / Commercial division of one of the largest real estate development companies in Ecuador. Won 2 awards for best performing company in Real Estate and All Categories from Ekos Business. 8+ Years of Experience in Real Estate and Entrepreneurship.
Member of the Executive Team that grew a Residential Real Estate company with annual revenues of $3M to a diversified Real Estate Holding Company with interest in High, Middle and Low Income Residential, Commercial and Retail Segments with annual Revenues of $70MM+.