Rentyl Resorts, a tech-enabled hospitality and real estate company that operates the Conrad Fort Lauderdale Beach Resort and the DoubleTree by Hilton Grand in Biscayne Bay, recently announced a successful capital raise of $25 million. The funds will bolster Rentyl’s network of hotels and resorts and help grow its internal capacity. Rentyl will invest in its technology platform to drive new revenue and improve company efficiency, plus develop additional marketing to promote the business and hire more employees. Key investors provided the funds, including family offices, private equity and some larger investment firms.
With over 84 hotels and resorts in the Rentyl network, the company, which focuses on short-term vacation rentals with resort-style amenities, has grown tremendously since its inception in 2015. The company was founded by CEO Nicholas Falcone and his brothers Dan and Matt, who serve as chief financial officer and chief operations officer, respectively.
“Our vision from the start was to create an all-inclusive hospitality experience for our customers made possible by strategic partnerships with well-known, trusted hotel and resort brands,” Nick Falcone says (pictured). “It’s an exciting time in hospitality as consumers are seeking new safe and secure ways to travel. With this new infusion of capital, we plan to improve the overall Rentyl customer experience.”
Rentyl Resorts provides hospitality companies, residential developers, real estate investors and well-known brands with turnkey services. Its 360-degree solution for the development of a short-term rental resort includes site planning, construction, real estate sales, and marketing. Rentyl also offers marketing, sales, and guest services for existing resorts, including reservations.
Through Rentyl, travelers can find places to stay on all continents ranging from Margaritaville Resort Orlando and Villa Lilly in Italy, along with rooms at resort partners Marriott Homes & Villas®, The Walt Disney Travel Company® and the Jack Nicklaus Companies.