Collective Hospitality, a Singapore-based company, has successfully acquired the majority of the business operations of Selina, a British hospitality brand known for its hotels, hostels, and co-working spaces. This acquisition comes in the wake of Selina’s bankruptcy, which was declared in July 2024, as reported by The Bulletin on July 24, 2024. The bankruptcy filing followed a critical liquidity crisis that led to Selina being delisted from the Nasdaq stock exchange.

The completed deal involves the transfer of around 100 hotels, all of which Selina manages under long-term lease agreements. Additionally, the transaction includes Remote Year, a digital nomad service that allows professionals to work in different cities each month. Selina had previously acquired Remote Year in 2020 to expand its offerings to remote workers and digital nomads.

Selina Hospitality, founded in 2014, went public in 2021 with a valuation of approximately 1.2 billion euros. The company currently operates in 22 countries, with a primary focus on the United States, Latin America, and select regions in Europe (Portugal, the UK), Asia (Israel, Thailand), and Australia.

Collective Hospitality, part of the Destination Group, operates about 15 properties across Southeast Asia under the brands Bodega Hostels, Slumber Party, and Socialtel Resorts. The group is also involved in the restaurant and bar management industry through Destination Eats. With this acquisition, Collective Hospitality aims to expand its footprint in the global hospitality industry, leveraging Selina’s established presence and market in key regions.