Plus significant investment in its global network division and technology.
Q International Group has successfully completed a significant equity investment by Glade Capital to facilitate its future expansion.
Glade Capital is part of a multi-strategy investment group, which has made over 300 investments worth more than US $3.5B in recent years. Two new directors from Glade Capital, Lior Eisenberg and Idan Moskovich, have been appointed to the QIG board and will work closely with the existing executive team.
QIG plans to double its existing UK portfolio of serviced apartments by 2023. Further, QIG plans to launch an Aparthotel brand across the UK and Europe as owner operator, commencing in 2023; a complementary addition to their traditional corporate serviced apartment portfolio, which has an established, decade long tenure.
As part of its Global Network expansion plan, QIG will be acquiring a new office in the APAC region to expand market share, as well as continuing its strong growth in Latin America. QIG will also be completing its booking technology platform which will be launched in 2022, a project that has seen investment of over US $2M alone. The platform is a straightforward booking tool with enhanced data, superior analytics, broader billing capacity and enhanced features and is built from a client perspective.
By offering 24/7 support, superior accommodation options and transparent pricing, QIG provides a premium, competitive service to their global mobility, business travel and leisure clients.
Colum Campion, CEO of QIG says, “Our partnership with Glade Capital lays a significant foundation for us to utilise their funding, their network and their expertise to ensure that the QIG expands upon our already strong position as a leading, tech enabled serviced apartment provider both domestically and internationally. Our strategy is to double our real estate footprint and enhance our revenues, both organically and through acquisition opportunities, following our recent successful restructure.”
Lior Eisenberg, Chief Investment Officer at Glade Capital says, “We are thrilled to invest in QIG to help to continue their next growth phase. The company are led by an outstanding team providing excellent service with a focus on client satisfaction and tech and this ethos fits well within our investment portfolio. QIG is now set to redefine this space and we are confident that they will become a dominant player in the UK and in multiple overseas markets also”.
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