over 2,000 rooms in the city-state<\/a>, and 8,000+ rooms across Asia Pacific.<\/p>\nCasa Mia\u2019s portfolio of ~500 fully furnished, high-quality rooms – concentrated in prime central neighbourhoods – will meaningfully expand Cove\u2019s popular Cove Classics co-living range, and deliver strong scale in the key River Valley and Orchard submarkets. The acquisition will also deepen Cove\u2019s in-house operational capabilities thanks to Casa Mia\u2019s BCA-Certified facility-management team.<\/p>\n
Since its founding in 2019, Casa Mia earned a strong reputation among young professionals for consistent quality and reliable service, combined with strong margins and rapid growth.<\/p>\n
Following completion, the combined business – operating under the Cove brand – will exceed US$50 million in annualised rental income, representing ~50% year-on-year growth in both top line and inventory in 2025. Thanks to the combination of organic expansion and M&A, Cove is primed to further its position as a consolidator and market leader in APAC.<\/p>\n
The Casa Mia acquisition also moves Cove within striking distance of becoming free-cash-flow positive, building on a profitable H2 2025 even as the company supports heavy investment into its simultaneous launch into Japan and South Korea.<\/p>\n
\u201cThis acquisition reinforces our leadership and commitment to the Singapore market,\u201d said Luca Bregoli, Co-Founder of Cove. \u201cIntegrating Casa Mia\u2019s properties and team into our platform will drive significant operational synergies, while also enhancing our service delivery. This deal also unlocks additional resources to accelerate our expansion across Asia Pacific.\u201d<\/p>\n
\u201cWe believe Cove offers the best possible home for our Casa Mia members and for us as a team, in order to continue our original mission of making it easy for young professionals to move to Singapore and find quality accommodation\u201d said Eugenio Ferrante, Co-Founder of Casa Mia Coliving.<\/p>\n
The transition is expected to be seamless for all existing tenants and property partners.<\/p>\n","protected":false},"excerpt":{"rendered":"
The combined business exceeds 2,000 rooms in Singapore and 8,000 rooms across Asia Pacific. Cove, a leading APAC flexible-stay platform, today announced it entered into definitive agreements to acquire Singapore-based Casa Mia Coliving. The deal further reinforces Cove\u2019s leadership position, with over 2,000 rooms in the city-state, and 8,000+ rooms across Asia Pacific. Casa Mia\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":36512,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-36510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-singapore"],"_links":{"self":[{"href":"https:\/\/asiajournaux.com\/index.php?rest_route=\/wp\/v2\/posts\/36510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiajournaux.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiajournaux.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiajournaux.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiajournaux.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36510"}],"version-history":[{"count":1,"href":"https:\/\/asiajournaux.com\/index.php?rest_route=\/wp\/v2\/posts\/36510\/revisions"}],"predecessor-version":[{"id":36511,"href":"https:\/\/asiajournaux.com\/index.php?rest_route=\/wp\/v2\/posts\/36510\/revisions\/36511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiajournaux.com\/index.php?rest_route=\/wp\/v2\/media\/36512"}],"wp:attachment":[{"href":"https:\/\/asiajournaux.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiajournaux.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiajournaux.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}