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Selina, a hospitality company catering to millennials and Gen Z, has completed its business combination with BOA Acquisition Corp. (NYSE: BOAS), which was approved by stockholders on October 21, 2022. As a result, Selina's shares will now trade on Nasdaq under the ticker symbols SLNA and SLNAW. The deal provides approximately $54 million in private placement financing and $118 million from convertible notes to support Selina's growth and operational goals. Selina's CEO Rafael Museri emphasized the opportunity for long-term growth and enhanced technology following the merger.
BOA Acquisition Corp. (NYSE: BOAS) announced that over 83% of stockholders approved the business combination with Selina Hospitality PLC during a Special Meeting on October 21, 2022. Approximately 89.7% of BOA's shares were represented. CEO Rafael Museri expressed confidence in Selina's brand appeal to millennial and Gen Z travelers, aiming for profitability as a public company. The transaction will close upon meeting closing conditions, with Selina's stock expected to trade on Nasdaq under ticker symbols 'SLNA' and 'SLNAW' post-combination.
Selina achieved a record Net Promoter Score (NPS) of 54 in September, outperforming major hospitality competitors by 17 points and exceeding the global hotel median by 74%. This reflects a strong community among guests, with 32% being return visitors and 62% claiming to have made friends during their stay. Selina, which caters to millennial and Gen Z travelers, operates over 163 properties in 25 countries. Following its merger with BOA Acquisition Corp. (NYSE: BOAS), Selina aims to solidify its presence in the hospitality industry.
Selina, a rapidly expanding lifestyle and experiential hotel firm, announced a series of retail investor roadshows and fireside chats on Twitter Spaces. These events precede the Special Meeting for stockholders of BOA Acquisition Corp. (NYSE: BOAS) on October 21, 2022, aimed at seeking approvals for the Business Combination that will potentially make Selina publicly traded. The Twitter Spaces sessions will take place from October 17 to October 20, 2022, hosted by key executives including CEO Rafael Museri and CFO Barbara Zubiria.
Selina reported a remarkable 142% year-over-year increase in total revenue for the first half of 2022, reaching
Selina has officially opened its latest location in downtown Tulum as of October 3rd, targeting millennial and Gen Z travelers. This marks the 12th Selina hotel in Mexico and aims to cater to digital nomads with a variety of accommodations, coworking spaces, wellness facilities, and local experiences. The hotel will introduce amenities including a gym, pool, rooftop bar, and restaurant, and will roll out services in phases. Selina combines lifestyle hospitality with unique local culture, boosting its global portfolio of over 150 properties across 25 countries.
Selina, an experiential hospitality brand targeting millennials and Gen Z travelers, has announced its fall events for the Selina International Music Summit (SIMS) in locations including Portugal, Costa Rica, Morocco, and Panama. These events feature performances from local and international artists, along with themed nights such as Halloween celebrations. Selina’s portfolio has over 163 properties across 25 countries, enhancing its footprint as a lifestyle brand. The company aims to offer immersive experiences that link travelers with local cultures and communities.
BOA Acquisition Corp is urging stockholders to vote "FOR" the proposed business combination with Selina Hospitality PLC, targeting Millennial and Gen Z travelers. The proxy statement was approved by the SEC on September 30, 2022. A special meeting for voting is set for October 21, 2022. Following approval, Selina's ordinary shares are expected to be traded on Nasdaq under the ticker SLNA. Selina has shown strong growth with a 142% revenue increase and 60% higher occupancy in the first half of 2022, reflecting its expansion to 163 locations globally.
Fiverr International Ltd. (NYSE: FVRR) has partnered with Selina, a leading experiential hospitality brand. This collaboration aims to support 'Anywhere Workers'—remote professionals traveling from multiple locations—by fostering community connections and combating loneliness. Fiverr introduces a 'Work from Anywhere Contest,' offering ten freelancers the chance to win accommodations at Selina locations. The contest runs from August 11 to September 1, 2022, with winners receiving $2,000 in travel vouchers and Selina tokens worth around $2,000 for stays and services.
