COSI Group identifies the Iberian Peninsula as a key market for its European expansion
COSI seeks hotel and touristic apartments properties in central locations of the major cities
COSI Group’s innovative model proven to be resilient amidst difficult market conditions
COSI offers landlords and investors a sustainable alternative to traditional hospitality operators
Madrid / Berlin, April 14, 2021 – COSI Group (www.cosi-group.com), Germany's leading provider of short-term rentals using smart technology and driver of the new asset class Commercial Living, announced today in Madrid and Berlin the launch of COSI's success model for the Spanish market.
With its international expansion to Spain, the COSI Group is continuing on its growth path. COSI is entering the Spanish market, focusing on hotel and commercial properties in central locations of the major Spanish cities. The company targets lively neighborhoods and main demand drivers for tourism and business travelers. COSI Iberia (www.cosi-group.com/es) has already secured properties in Madrid's "Plaza de las Cortes" and Barcelona's iconic Eixample district. Further projects across several major destinations are already in advanced negotiations.
COSI offers landlords the security of having a professional operator with a strong track record and a sustainable business model backed by reputable investors. By leveraging on its innovative technology solutions, COSI delivers a superior guest experience and reduces operational costs.
The management team of COSI Iberia consists of Nicolas Dugerdil, Head of International Expansion, COSI Group, and Daniel Martí Hedström, Head of Expansion, COSI Iberia. Both deliver extensive market development experience for Spain. Nicolas Dugerdil contributed to the international expansion of the Inditex Group as Expansion Director for almost seven years, while Daniel Martí Hedström was responsible for market development as Head of Expansion South Spain at OYO Vacation Homes.
"For many years, the hotel industry in Spain benefited from strong demand fundamentals, yet the recent crisis revealed its vulnerability and, very often, its lack of innovation," explains Christian Gaiser, CEO and co-founder of COSI Group. He adds: "We consider the Iberian Peninsula as a key market for our European expansion.”
Dimitri Chandogin, President and co-founder of COSI Group, states: "With COSI, our proven expertise is now available to the Spanish hotel and real estate industry. We see enormous potential here for future growth, for example, also for new construction and real estate development projects."
"For COSI, Spain is one of the most important European markets of the future, and we believe our successful model fits the local market specificities perfectly," said Nicolas Dugerdil, Head of International Expansion at COSI Group. He adds: "COSI's hybrid model enabling it to flexibly switch from short to mid-stay, results in an attractive low-risk profile and has already generated strong interest with local property owners, developers, and investors.”
Daniel Martí Hedström, Head of Expansion, COSI Iberia, adds: "The demands on Spanish hotel operators are growing enormously, especially in times of Corona – the optimization of internal, operational processes can be existentially decisive here. The digitization of processes shall become a must. Guests shall become ever more demanding and prefer a seamless experience and high-quality product."