Cove, a flexible-stay operator with a presence across APAC, has entered into a definitive agreement to acquire Singapore-based Casa Mia Coliving. The transaction brings both companies under the Cove brand.
With this acquisition, the business is expected to generate more than $50 million in annualized rental income. It will also grow Cove’s managed portfolio to more than 2,000 rooms in Singapore and about 8,000 rooms across APAC.
“Cove is a tech-enabled flexible-stay platform that offers long, medium, and short-term stays to customers across APAC.”
The company provides three accommodation tiers: a fully furnished premium option (Cove Luxe), a mid-tier furnished room (Cove Classics), and a basic room with access to a shared kitchen (Cove Basics).
“Cove operates over 8K rooms across Singapore, Indonesia, South Korea, and Japan.”
Its investors include Keppel, Eurazero, Picus Capital, Venturra, Xander, and Antler.
The move is expected to strengthen Cove’s operational capabilities, supported by Casa Mia’s BCA-certified facility management team.
“Mi casa, su casa.”
Founded in 2019, Casa Mia operates more than 500 furnished rooms in central Singapore.
“Casa Mia runs weekly community events with their primary customer, young professionals in their 20s!”
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