Blueground acquires furnished rental company Travelers Haven

Blueground , known for offering furnished rentals for stays of 30 or more days in 30 cities around the world, is acquiring Travelers Haven , which offers furnished rentals to traveling workers with on-demand inventory in about 20,000 cities in the United States.

The acquisition — terms of which were not released — means the combined organization will employ more than 1,200 people and is expected to reach $600 million in revenue this year.

CEO Alex Chatzieleftheriou founded New York-based Blueground ten years ago to help people working away from home for extended periods feel settled and free to explore the world.

“My goal was to offer a simple way for people to move freely between neighborhoods, cities and countries around the world, while providing high-quality service, so they can explore easier and more efficiently,” Chatzieleftheriou says. “We have deep admiration for the Travelers Haven team and what they’ve built over the last 15 years. I am excited about this next chapter together to provide turnkey, tech-enabled homes both on-demand and readily available at a global level.”

Founded in 2008, Denver-based Travelers Haven exceeded $100 million in revenue in 2022. The company provides on-demand rentals through a network of venders making up a virtual inventory of more than 2,700 apartments across the U.S.

“We’re proud of Travelers Haven’s success over the last 15 years as we’ve bridged the workforce housing gap and created a niche in the market with flexible rentals on-demand,” says Carlos Abisambra, president and CEO of Travelers Haven.

“Travelers Haven and Blueground have the same goals and vision for the future of housing, and we’re ready for this next chapter to bring the on-demand category to a global audience.”

Blueground and Travelers Haven will gradually integrate while sharing best practices and offering their combined services to each other’s clients.

Blueground says this acquisition adds to the offerings available through its corporate service, Blueground for Business, which accounts for 35% of its revenue and is expected to climb to 50% with the addition of Travelers Haven.

This is Blueground’s second acquisition in three months. The company entered the Latin American market with the acquisition of Brazilian property technology startup Tabas in December, less than a year after leading a $14 million Series A funding round for Tabas .