NEWS RELEASES
AutoCamp Raises $115 Million To Build Airstream Hotels
Editor's Note: This news item was retrieved and first published through Bloomberg's website.
Bloomberg reports that San Francisco based AutoCamp has raised $115 million to build a nationwide network of hotels housed in Airstream trailers. Late last year, the company inked a deal with Thor Industries Inc. to be the exclusive developer of Airstream hotels. The fundraising effort includes a follow-on provision that could double the investment and allow AutoCamp to expand to 20 new markets. The company currently has locations in Santa Barbara, California and the Sonoma County wine country, and will open its third location near Yosemite this year, with 80 Airstream trailers fitted out with custom hardwood floors and marble bathrooms. Rates there will reach almost $500 a night during peak season, with no bellhops, room service or daily housekeeping.
“We want to build an authentic American outdoor experience with the consistent quality and comfort you expect from boutique hotels,” AutoCamp’s Chief Executive Officer Neil Dipaola told Bloomberg. “We provide iconic red Radio Flyer wagons and you pile your bags in those.”
For more information, visit the AutoCamp website.