The company's co-living spaces within Asia-Pacific boasted an average of 90 percent occupancy rate in 2021 despite the ongoing pandemic
Dash Living has acquired intheHood Hospitality through a share-swap-based M&A agreement and as part of its expansion into Japan. Gen.T honouree Aaron Lee is the founder and CEO of the Hong Kong-based company, while intheHood Hospitality is a Tokyo-based property management firm.
The financial details of the acquisition were not disclosed.
For now, the Japanese company will enter a transitional phase to merge with Dash Living, with the agreement slated for completion by July this year.
Read more: Dash Living’s Aaron Lee On Being Motivated By Problems
As part of the deal, Dash Living will oversee more than 100 co-living spaces in Tokyo. After which, the company will manage a total of more than 1,800 units across Asia-Pacific.
The deal will be led by Wesley Wen, Dash Living’s chief growth officer, and Joel Yu, intheHood’s co-founder.
“We’re excited to kickstart the next stage of our Asia Pacific expansion in Tokyo,” Lee said. “I am confident Dash Living's affordable, flexible, tech-enabled, dynamic accommodation options will appeal to the Japanese millennial segment and beyond”.
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