Live/stay crossover

The Waterfront

Hot off the back of Urban Living Festival and news this week that Habyt has entered the hotel sector is yet another sign of the hospitality/living crossover. The self-dubbed “flexible living” operator must be one of the largest coliving companies currently, following its acquisition of Common (United States) earlier this year and Hmlet (Southeast Asia) in 2022. Now, Habyt has opened its first hotel in Berlin with The Waterfront which caters to both short and long-term stays.

Hotel brands such as Selina and Brøchner offer mixed inventory such as hostel-style dorm rooms alongside classic doubles. Whilst The Waterfront is divided between 144 standard and 92 extended-stay studios, down the line we might see Habyt introduce a broader mix of room categories all under one roof.

As operators experiment beyond the traditional boundaries of hospitality, the operational systems that support property management must also evolve. At the Urban Living Festival last week, Maxime Leufroy-Muray of Opago shared that consolidation is already taking place amongst tech providers and will continue to do so in line with asset class convergence.

Read our top line takeaways from the Urban Living Festival here. If you’re interested in learning more about technology growth, watch our latest webinar on PMS innovation here.

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