Stay Alfred, a Spokane, WA-based alternative accommodation platform, raised $47m in Series B funding.
The round – which brought total funding to date to $62m – was led by Nine Four Ventures.
The company intends to use the funds to continue the expansion in current and future markets.
Founded in 2011 by Jordan Allen, CEO, Stay Alfred offers upscale travel apartments with a kitchen, laundry and private bedrooms in the downtown neighborhoods of U.S. cities. The company offers an innovative booking process, 24/7 customer service and professional housekeeping staff.
Stay Alfred has nearly 2,000 travel apartments across 28 top U.S. markets, has hosted nearly 500,000 guests, and has a projected 2018 run rate of $110 million.
The company holds full building and multi-floor long-term partnerships with developers and property management companies across the country.