Eight Advisory advised Numa Group GmbH on the acquisition of Yays Group
Eight Advisory advised Numa Group GmbH, Europe’s leading operator of a fully digitalised hospitality platform, on the acquisition of Yays Group, a serviced apartment platform headquartered in Amsterdam, operating 489 units in the Netherlands, Belgium and France and a secured pipeline containing properties to be opened in Madrid, Frankfurt, and The Hague with additional 124 units.
The acquisition of YAYS marks a logical continuation of NUMA’s growth strategy. NUMA is focusing on hotel and commercial properties in central locations of Europe’s major cities. The company targets lively neighborhoods and main demand drivers for tourism and business travelers. The company recently reached €1.5bn in real estate assets under management and manages over 4,700 rooms and apartments across 28 major European cities. YAYS will add many news units to NUMA’s live property portfolio, bringing the total to over 5,200 units.
Our experts provided financial and tax due diligence services:
Financial due diligence:
- Murat Deniz, Partner
- Gezim Gurgurovci, Analyst
Tax due diligence:
- Matthias Hogh, Partner
- Frank Wallbott, Director