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BOAS - BOAS STOCK NEWS

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BOAS (Selina Hospitality PLC) is a prominent player in the hospitality industry, focusing on offering a unique blend of accommodation, co-working spaces, and social experiences for modern travelers. The company has effectively positioned itself as a go-to destination for digital nomads, remote workers, and culturally curious individuals seeking community-oriented lodging options.

BOAS operates an extensive network of locations worldwide, featuring beautifully designed spaces that combine local flavor with modern amenities. Their properties are situated in vibrant urban centers, serene beach towns, and culturally rich locales, providing guests with a diverse range of experiences. Beyond accommodations, BOAS offers co-working spaces, wellness activities, cultural events, and local tours, making each stay a holistic and enriching experience.

Recent achievements include the expansion into key markets, collaborations with local artists for unique property designs, and the launch of innovative programs aimed at enhancing guest experiences. Financially, BOAS has demonstrated robust growth, leveraging strategic partnerships and a loyal customer base to drive revenue. The company's commitment to sustainability and community engagement also underscores its reputation as a socially responsible business.

Current projects focus on enhancing digital platforms for seamless booking and customer interaction, as well as expanding their footprint in emerging travel destinations. With a clear vision and adaptable business model, BOAS continues to set trends in the hospitality sector, catering to the evolving needs of the global traveler.

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Selina, a rapidly growing hospitality brand for millennial and Gen Z travelers, updated its app to enhance user experience. Key upgrades include a new guest connection feature, personalized booking, and event notifications. With expectations of over two million visitors in 2022, Selina aims to increase direct sales beyond the current 50% average. The app improvements reflect Selina's commitment to technology integration, aiding efficient operations and higher revenue. The company operates 155 properties across 25 countries and entered a business combination with BOA Acquisition Corp. (NYSE: BOAS).

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Selina reports a Q1 2022 Total Revenue of $39.9 million, reflecting a 150.8% year-over-year increase. This growth continues the positive trend from a record-setting 2021. The company, which is in a business combination with BOA Acquisition Corp. (NYSE: BOAS), opened five new locations and signed six more in various countries. Leadership has been strengthened with key hires, aiming to accelerate global growth. The proposed merger is expected to close in Q3 2022, subject to customary conditions.

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Selina, a rapidly expanding lifestyle hospitality brand, has announced participation in several upcoming conferences, following its business combination agreement with BOA Acquisition Corp. (NYSE: BOAS). Key events include the Deloitte Entrepreneur Summit on June 1 in Dallas, the Goldman Sachs Travel & Leisure Conference on June 7, and the Boutique Hotel Investment Conference on June 8 in New York City. CEO Rafael Museri will also present at the Oppenheimer Consumer Growth and E-Commerce Conference on June 15. Selina aims to cater to Millennial and Gen Z travelers with its unique offerings.

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Selina, a hospitality brand targeting millennial and Gen Z travelers, has opened Selina Union Market in Washington, D.C., its seventh U.S. location, increasing its global portfolio to over 155 properties. The hotel features modern industrial décor, 106 rooms of various accommodations, coworking spaces, and multiple amenities. To celebrate the opening, introductory room rates start from $50 per night and a 25% discount is available through Aug. 31, 2022. Selina offers a unique experience for digital nomads, blending work and leisure in a community-focused environment.

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Selina, the experiential hospitality brand, has appointed Lena Katz as Chief Technology Officer, tasked with leading the company's technology roadmap and innovation. Katz, who brings 20 years of experience from firms like Gett and Hewlett Packard, will report to CEO Rafael Museri. This strategic hire is expected to enhance Selina’s technological capabilities as the company aims to accelerate its multi-year growth plan, which includes expanding its global hotel network and launching new products. Selina’s portfolio encompasses 155 properties across 25 countries.

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Selina has appointed Eyal Amzallag as Chief Operations Officer. Reporting to CEO Rafael Museri, Amzallag will oversee Selina's operations across 150 properties in 25 countries. His extensive experience at Club Med, including launching in new markets, will support Selina's growth. With the addition of Amzallag and Sam Khazary as Senior VP, Selina aims to enhance its global expansion and stakeholder value. Founded in 2014, Selina merges hospitality and coworking, catering to Millennial and Gen Z travelers.

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Selina Hospitality PLC and BOA Acquisition Corp. announced a financing deal involving $147.5 million in 6% senior unsecured convertible notes due 2026. This financing is set to close alongside the merger, aimed at facilitating Selina's growth strategy. CEO Rafael Museri highlighted the importance of this funding certainty to support their expansion amidst increasing demand for travel and remote work. The merger is anticipated to enhance Selina's competitive positioning in the hospitality sector, with 150 properties across 25 countries.

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Selina announces a strategic partnership with TechnoArt to launch TechnoArt@Selina, aimed at supporting remote startups. This global innovation program will incubate up to 12 startups annually at over 100 locations worldwide, providing access to co-working spaces and a vast network. TechnoArt has introduced a dedicated innovation fund, investing between $1 million and $5 million in each selected startup. Selina will earn 30% of the generated revenue and 20% of investment carry. The program targets the millennial and Gen Z traveler demographic, which spends approximately $350 billion annually.

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Imprint has partnered with Selina to launch the Selina Rewards Visa Card, which offers exclusive rewards on purchases. Users can earn a $25 sign-up bonus, 5% back at Selina locations, and 1% back elsewhere. The card requires no credit inquiries, interest, or fees, and rewards are instantly redeemable. Selina operates 144 properties across 25 countries, targeting Millennial and Gen Z travelers. This collaboration aims to enhance customer retention and lifetime value.

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FAQ

What is the market cap of BOAS (BOAS)?

The market cap of BOAS (BOAS) is approximately 262.5M.

What does BOAS (Selina Hospitality PLC) specialize in?

BOAS specializes in providing unique accommodations, co-working spaces, and social experiences for modern travelers.

Where are BOAS properties located?

BOAS properties are located in vibrant urban centers, serene beach towns, and culturally rich locales worldwide.

What are some recent achievements of BOAS?

Recent achievements include market expansion, local artist collaborations, and innovative guest experience programs.

Is BOAS financially stable?

Yes, BOAS has shown robust financial growth, driven by strategic partnerships and a loyal customer base.

What makes BOAS unique?

BOAS offers a blend of accommodation, co-working spaces, and cultural experiences, catering to the needs of digital nomads and culturally curious travelers.

How does BOAS contribute to sustainability?

BOAS is committed to sustainability and community engagement, ensuring eco-friendly practices and social responsibility.

What kind of experiences can guests expect at BOAS properties?

Guests can expect a mix of local flavor, modern amenities, wellness activities, cultural events, and local tours.

What are the current projects BOAS is working on?

Current projects include enhancing digital platforms for customer interaction and expanding into emerging travel destinations.

Who are the target customers of BOAS?

BOAS targets digital nomads, remote workers, and culturally curious individuals looking for community-oriented lodging options.

How can I stay updated with the latest news from BOAS?

You can stay updated by following BOAS on their official website and social media channels for the latest news and developments.

BOAS

NYSE:BOAS

BOAS Rankings

BOAS Stock Data

262.49M
23.00M
86.09%
0.42%
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