Member Article

Nestor partners with Urban Vida as part of expansion plans across Spain

Nestor, a hospitality business in the alternative accommodation sector, has partnered with global serviced apartment provider Urban Vida. Nestor is managing four serviced apartment buildings in Granada and Madrid, with plans for more multi-family buildings in major cities across Spain in the near future.

Both Nestor and Urban Vida focus on unique, technologically-focused buildings in central locations. Urban Vida has excellent market knowledge, a network of talented interior designers and local suppliers, as well as strong connections to REITs and property funds in Spain and Europe. Nestor, experts in operations, will be leading from a building management perspective, providing exceptional guest experiences. Urban Vida, alongside its main client, Persepolis[1], will be focused on growth, sourcing and leasing buildings across Spain and Europe, beautifully renovating them and inputting the Nestor model.

Co-founder and director of Nestor, Fran Milsom, comments: “Urban Vida’s buildings fit perfectly with Nestor’s concept, so it’s an ideal partnership. Each apartment is centrally located and beautifully decorated to compliment the original features of the buildings.

“The focus on technology and the creation of amazing experiences offers guests flexible and unique stays, which is what we at Nestor are all about.”

Nestor was Urban Vida’s launch partner for two serviced apartment buildings in Granada in September 2019 and has recently taken over management of two serviced apartment buildings in Madrid. The success of their partnership is already evident in the review scores, with both Granada buildings being rated above nine on Booking.com.

Founder and director of Urban Vida, Mitra Ghamsari, adds: “Having tested the partnership with Nestor over the past six months, it feels like we’ve found the right company to collaborate with for the ambitious future expansion plans.”

Together, they have set the target of 500 apartments in Spain by 2022. Nestor and Urban Vida are excited to bring their model to a new market and Nestor is looking to expand into new cities across Europe in the future.

[1] A REIT from the same founder, Mitra Ghamsari.

This was posted in Bdaily's Members' News section by Nestor .