limehome is actively searching for properties in UKs top 30 cities in a first wave.
MUNICH – limehome, Europe’s leading technology-based operator of fully digitalized short term rentals, hires Will Kingston as the company’s Director of Expansion for the United Kingdom. Kingston’s appointment marks a key step in limehome’s growth trajectory, aiming to extend its successful model from 11 European markets into the UK.
In his new role, Kingston will oversee the market entry and the growth of the company’s UK portfolio, focusing on the region’s main business and leisure travel destinations. limehome is targeting in a first wave of expansion the UKs top 30 cities with short term rental and hotel assets. The company is seeking opportunities that range from 20 to 200 keys for operational properties, new developments and conversion opportunities.
Will Kingston brings a wealth of experience to limehome, having previouslyvaca held roles at Sonder and Marsh & Parsons, among other notable firms in the real estate industry. He holds a Master’s degree in Real Estate Investment Finance from Oxford Brookes University, complemented by studies in Hotel Investments and Asset Management from Cornell University.
Dr. Josef Vollmayr, co-founder and co-CEO, comments: “We are excited to welcome Will Kingston to the limehome team. Will’s expertise will be instrumental in building strategic partnerships and driving our growth in the United Kingdom. His extensive industry experience, vast network and proven track record in the region make him a key asset as we continue our journey to rapidly grow our presence all over Europe in the coming years.”
Will Kingston, UK Expansion Director, states: “I am thrilled to have joined limehome, a company that continues to demonstrate steady and consistent growth despite a challenging macro-environment. The limehome model thrives in diverse markets, as demonstrated by their huge coverage across Germany and Spain in “A” to “D” cities, in both high & lower RevPAR areas. For property owners and developers, limehome offers a low-risk solution, operating at a 30 percent gross margin across its live portfolio, and offering flexible leasing models. The UK presents a significant opportunity to build on the success they have enjoyed on the continent, and I look forward to driving our expansion across the UK in 2024 and beyond.”
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