Tarsadia Investments and 3L Capital led a $160m Series B round in AvantStay.

Tarsadia Investments and 3L Capital led a $160m Series B round in AvantStay, a premier next-generation hospitality platform, which participation from Bullpen Capital, Convivialite, Capital One, Saluda Grade, Greenhawk, Stephen Pagliuca, Fred Tuomi, Jerry Coleman, Jay McKee, Plus Capital, Paul George, Shawn Mendes, and others. "It's become clear that consumer preferences are changing and that the hospitality industry is going through a paradigm shift. AvantStay's blistering growth happens when market pull, a culture of innovation, and relentless execution collide. We are incredibly excited to partner with Sean and the team as they continue to scale a vertically integrated hospitality brand of the future centered around best in class talent, technology and operations," Rishi Reddy, Tarsadia Managing Director.