Korean hotel firm Yanolja moves into Southeast Asia with $15M investment in Zen Rooms

Zen Rooms, the budget hotel network startup founded by Rocket Internet, had faced the deadpool earlier this year after a prospective funding deal collapsed, but now the business appears to have found a home. Korea’s Yanolja, a popular motel brand that has branched out into app-based hotel bookings, has made a strategic investment that could see it […]

View More Korean hotel firm Yanolja moves into Southeast Asia with $15M investment in Zen Rooms

Zen Rooms, Rocket Internet’s budget hotel network in Asia, faces fire sale or closure

 Zen Rooms, a budget hotel network funded by Rocket Internet among others, is facing shutdown if investors are unable to sell the loss-making business. The two-year-old company offers a network of affordable hotels in 50 cities across Southeast Asia that are designed as a happy medium between affordable guesthouses, which are typically not organized and hard to book online, and more… Read More

View More Zen Rooms, Rocket Internet’s budget hotel network in Asia, faces fire sale or closure