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Greek accommodation sector startup expands in NY

04 October 17 - RE+D Magazine
Greek accommodation sector startup expands in NY

blueground Founder and Endeavor Entrepreneur Alexandros Chatzieleftheriou and team


COMPANIES

Solum Property Solutions

Consultant - GREECE

Savills

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

IBI Group

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Blueground, a Greek start-up in the sector of accommodation, expanded its field of activities to New York, its first United States market, the company said.

 

The Greek company leases a total of about 600 apartments and houses to business executives, embassy and other organisation officials for a short or long-term period.

The company owners said choosing New York was a strategic decision as it is an important economic center and a base for a large number of global companies, therefore an ideal start for the company's extension to the US market. Since its founding in 2013, Blueground operates in Athens, Istanbul and Dubai, and its advantages to owners include a stable monthly income, long-term contracts and great flexibility.

"The successful testing of our business model in three totally different cities gives us confidence to continue in larger and more competitive and demanding markets like the US market," Blueground partner and country manager of blueground Thanos Geramanis said.

Co-founder and CEO Alexandros Hatzieleftheriou added, "Our first steps in New York are very encouraging. Our dream is to offer high-standard accomodation that will combine modern amenities and the coziness of a house to more and more business travellers throughout the world."

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