FareHarbor executives have repeatedly portrayed the startup as lean and bootstrapped and having taken only money from friends and family — with no outside benefactors beyond that.
Rentals United claims to hold the record for onboarding the most properties onto Airbnb in 2018.
The startup said it had separately secured more than $300 million from regional partners to acquire real estate and fund its conversion costs for ongoing projects.
The new investment will be used to build out its personalization and recommendation engine, expand its marketing team and launch desktop and Android versions of the app.
It is already part of the TMC's Dash Mobile platform.
As of December 31, 2018, Huazhu operated 4,230 hotels in China with hotel network covered 403 cities in 32 provinces and municipalities across China.
EU rules banning majority foreign ownership would block Fosun from running Thomas Cook’s airline arm.
MeetingPackage aims to bring the booking of meeting rooms online, helping venues and distribution partners increase revenue and decrease costs in meetings and events sales.
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