NUMA Group continued rapid growth across Europe in 2023

  •  NUMA 2023 growth: 5,850 units in 32 cities and 14 countries, assets under management increased to over EUR 2 billion
  • NUMA Real Estate team appoints key new hires for expansion across Iberia, Nordics, and Italy
  • Successful capital raise of USD 59 million and strategic acquisition of YAYS Group
  • Expanded into 4 new countries and new cities, including Paris, Amsterdam, and Copenhagen

Berlin, 05 March 2024  - The NUMA Group, Europe’s leading operator of a fully digitalized hospitality platform, delivered rapid growth in 2023 and reached a managed portfolio of more than EUR 2 billion. The company sustained its strong growth from 2022 and now has 5,850 units in 32 cities and 14 countries. In 2022, NUMA had 3,000 units in 8 countries. Following its market entries in France, the Netherlands, the Czech Republic and Switzerland, combined with its expansion in already developed markets, NUMA almost doubled the number of units in its managed portfolio in 2023. NUMA has thus established itself as one of the fastest growing market players in the entire hospitality industry.

To support expansion momentum, NUMA made strategic appointments to its Real Estate team. Carmine Tobiello is Director Real Estate Iberia, focused on expansion in the Spanish and Portuguese markets and engaging with investors, SOCIMIs, and other companies in the sector. Fredrik Berlin is Director Nordic Expansion, responsible for NUMA's growth in Norway, Sweden, Denmark, and Finland. Umberto Ottaviani is General Manager Italy, responsible for expansion in the Italian market and engaging with investors, SGRs, and other companies in the sector.

Successful funding round – Acquisition of YAYS

In 2023, NUMA welcomed Verlinvest on board as a new lead investor and secured USD 59 million in growth capital in a Series C funding round. Cape Capital also joined as a new investor, while existing investors such as Headline, Cherry Ventures, DN Capital and Soravia again participated in NUMA’s latest funding round. NUMA invested a portion of the new capital in the acquisition of its competitor YAYS from Proprium Capital Partners. YAYS is an Amsterdam-based serviced apartment platform. As a result of the deal, NUMA acquired over 600 units in the Netherlands, Belgium, and France, all of which are already in operation, as well as in Germany and Spain.

“Our mission at NUMA is to create a completely new category in the hospitality industry that meets the needs of modern consumers. Our exceptional performance has helped us attract new investors to NUMA. The company succeeded in continuing its rapid growth in 2023 and, together with the YAYS team, we plan to further accelerate our growth in Europe through 2024,” explains Christian Gaiser, CEO and co-founder of the NUMA Group.

Pan-European portfolio expansion

NUMA’s greatest strength is the wide selection of stays in the Europe’s most desirable destinations and the versatility of its property portfolio. NUMA offers chic digital accommodations in a range of properties–from modernized historic buildings to renovated offices to classic hotels. NUMA guests have the full flexibility to choose from designer rooms, studios, and serviced apartments in the most prime locations.

NUMA expanded to France with its first property in downtown Paris. The former hotel, which has 40 units and 78 beds, is situated between the Canal Saint-Martin and the Parc des Buttes Chaumont. For vacationers visiting Paris by train from Germany, Belgium, England or The Netherlands, the accommodation is especially attractive, being so close to both Gare du Nord and Gare de l’est.

In the heart of Copenhagen, the first NUMA property in Denmark is being developed in partnership with Invesco Real Estate, the US $90 billion global real estate investment manager. The new NUMA/Invesco property is located in the Nørrebo district, at Drejervej 4, 2400 Copenhagen. The property will be certified with a target of DGNB Gold, a local ESG rating, and is managed by NUMA under a Green Lease.

Dimitri Chandogin, President of NUMA Group Estate at NUMA shares, “As the European leader in fully digitalized accommodations, we are excited to enter both the French and Danish markets. With the acquisition of YAYS, NUMA has quickly and strongly expanded its portfolio in Paris at a crucial time, just ahead of the 2024 Summer Olympics in the city. Meanwhile, we are thrilled with our start in Copenhagen and will continue to grow our number in units there, as well as across the entire Nordic region. It's an exciting time to be part of NUMA, a brand that is establishing a whole new generation of accommodation in AAA destinations.”

In addition to its pan-European growth, NUMA also successfully continued to expand in its home market in the DACH region (Germany, Austria and Switzerland) in 2023. First, the company now has its first property in Stuttgart, at Rotebühlplatz 2-4, 70173. The new NUMA in the heart of Stuttgart has 82 units and is located right next to City Hall. The property is currently being upgraded and is scheduled to open in June 2024. As a result, NUMA is now present in the most important cities in Germany. NUMA also continued to expand its presence in Austria and Switzerland in 2023, for instance, with its newest property with 32 units at Veronikagasse 1 in Vienna. The historic building near Brunnenmarkt will now be upgraded and is expected to start operations in April 2025.


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About NUMA Group

Berlin-based NUMA Group is the leading European operator of a fully digitized hospitality platform. The company offers modern travelers innovative design apartments and boutique studios. As a reliable partner for investors, owners and developers, NUMA uses proprietary technology-based operator solutions that largely automate operational processes and increase cost efficiencies and revenues. NUMA successfully operates more than 5,850 units in European A-cities, including Berlin, Munich, Rome, Milan, Madrid, Barcelona and Vienna. -

Press contact

NUMA Group Europe
Corporate Communications
Joachim M. Guentert
Potsdamer Str. 68A
D - 10785 Berlin
Tel.: +49 (0)30 25555 3846




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Joachim M. Guentert

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