Home rental service OneFineStay has confirmed a $40 million investment round and installed a new senior management team.
Amongst the investors in the Series D injection of capital is global hotel brand Hyatt.
Existing investors Canaan Partners and Index Ventures participated in the round, alongside Intel Capital, Quadrant Capital Advisors and a group of angels including Joss Kent (CEO of &Beyond and ex-CEO of Abercrombie & Kent), Richard Chen (Venture Partner of Ceyuan Venture and CEO of Yifei Investment Holdings) and Mark Dempster (former marketing partner at Sequoia Capital).
Whilst some elements of the round were previously hinted at in the Wall Street Journal in early-June, details of the major changes to its senior leadership team are now only being announced.
Coming in to the company are a chief financial officer (Tom Singer - ex-group CFO at InterContinental Hotels), Nick Ruotolo (chief commercial officer - ex-president of Vistaprint in Europe) and chief technology officer (Petros Demetriades - ex-CTO at Hellas Direct).
CEO Greg Marsh says the latest injection of money will fund the company's "ambition to create the ultimate experience if boutique hospitality", in particular boosting its operations in existing markets and "plans for international growth".
The company (TLabs here) still only operates in London, Paris, New York and Los Angeles, but estimates the "upscale accommodation sector" is running somewhere in the region of $50 billion globally.
OneFineStay has attempted to position itself away from the Airbnbs of the world by offering hotel-type services as part of the rental package, such as 24/7 "guest" services, a personal welcome and an iPhone for use throughout the stay.
Previously announced rounds:
Both at the time included plans for international expansion (including the Italian capital, Rome).
The company says the investment from Hyatt was made "through an affiliate of the group".