Stay Alfred CEO announces business will permanently close down
US: The founder and CEO of Washington state-based apartment rental startup Stay Alfred, Jordan Allen, has confirmed the business is closing down permanently, a month after ShortTermRentalz revealed it had ceased trading and closed its social media accounts.
Hospitality Startup Stay Alfred Closes
Stay Alfred, a hospitality startup that raised $62 million, is closing its doors for good. Ending weeks of speculation and rumor, CEO Jordan Allen said revenue dried up during the coronavirus pandemic, and in March, the firm failed to raise $30 million in funding that would have let it stay open.
Short-Term Rental Company Stay Alfred Will Permanently Close | multifamilyexecutive.com
Short-term rental company Stay Alfred has shuttered as a result of financial struggles caused by the coronavirus pandemic, according to The Spokesman-Review in Spokane, Wash. The company, based in the Spokane Valley, had been temporarily closed since March and had been working with investors to raise a round of funding.