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About The Placemakr

Industry

industry

Other

Main Location

location

Pittsburgh, PA, USA

Placemakr is a flexible-use hospitality and multifamily operator that seamlessly blends apartment living with hotel services, offering a unique and adaptable living experience. Founded in 2017, the company rapidly expanded its footprint across the United States.

It provides guests and residents with the comforts of home alongside the amenities and services of a hotel. At the core of Placemakr's offerings are all-suite, apartment-style accommodations equipped with chef-ready kitchens, in-unit laundry facilities, high-speed Wi-Fi, and smart technology.

These features cater to both short-term and extended stays, accommodating a diverse range of travelers, from business professionals to families seeking temporary housing. The properties are strategically located in desirable metropolitan areas for easy access to local attractions, dining, and entertainment options.

Specialized Services

  • Business Travel: Tailored accommodations for corporate clients, providing comfortable and convenient lodging solutions.
  • Group Travel: Options for group bookings, including corporate events and training sessions.
  • Events: Spaces suitable for corporate events, trainings, retreats, and more, equipped with necessary amenities.
  • Extended Stays: Flexible options for corporate housing, relocations, and short-term leases, offering a home-like environment.
  • Internships: Short-term stays designed for students and interns, providing comfortable living spaces.
  • Reserved Housing: Long-term rotational housing ensuring consistency and reliability.

Innovation and Growth

Placemakr's commitment to innovation is evident in its expansion into the condo hotel market. In partnership with CA South, the company launched Placemakr South Gulch in Nashville, TN, marking its first luxury condo hotel project.

This venture allows condominium owners to own Placemakr units, diversifying the company's portfolio and offering unique investment opportunities. The company's growth trajectory is impressive, having raised over $350 million in total funding as of March 2023.

This capital has been instrumental in expanding property acquisitions and developer partnerships across the U.S., solidifying its position in the flexible living and hospitality sector. Placemakr also achieved a transition to profitability in June 2024, underscoring its resilience and adaptability in a dynamic market.

Locations

Placemakr's diverse portfolio spans several U.S. cities, including:

  • Nashville, TN
  • Austin, TX
  • Columbia, SC
  • New York City, NY
  • San Jose, CA
  • Washington, D.C.
  • Huntsville, AL
  • Pittsburgh, PA

These locations illustrate the company's continued effort to redefine the boundaries between home and hospitality, offering flexible and comfortable living solutions for a wide range of guests.

Summary

Overall, Placemakr stands at the forefront of the flexible-use hospitality and multifamily sector. The company provides innovative living solutions that cater to the evolving needs of today's travelers and residents.

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