PR97038

TOKYO, July 26, 2022 /PRNewswire=KYODO JBN/ --

IntheHood acquisition brings Dash Living's APAC portfolio to over 1,800

Dash Living(https://www.dash.co/en/), Asia's leading serviced co-living

community, today announced that it has expanded its presence in Japan through

the acquisition of Tokyo-based IntheHood(https://inthehood.co/) Hospitality via

a share-swap based M&A agreement.

Dash Living will now manage over 1,800 units in the Asia Pacific. With the

addition of IntheHood portfolio, Dash Living has access to over 100 units of

co-living spaces in Tokyo, expanding Dash's footprint in the region

aggressively.

Traditionally, apartment sharing was less common in Japan; therefore, the

choice of apartments for most working class was limited to smaller apartments.

Co-living accommodation for young urban professionals is increasingly popular

in Japan. In major cities such as Tokyo, rents are high and apartments may

require up to four to six months' deposit making it a significant commitment.

IntheHood, an operator of hotels and furnished apartments in Tokyo, was founded

to meet the need for "alternative lodging" in the Japanese market. The firm

specialises in converting residential real estate into hospitality products and

offers a collection of apartments in the best areas of Tokyo, including

Nihonbashi, Nippori, Otemachi, Tsukiji, Shinjuku, Meguro, and Azabu.

"We're excited to kickstart the next stage of our APAC expansion in Tokyo.

Today's young professionals are embracing more than just the traditional way of

living and I am confident Dash Living's affordable, flexible, tech-enabled,

dynamic accommodation options will appeal to the Japanese millennial segment

and beyond," said Aaron Lee, founder, and CEO of Dash Living. "The IntheHood

team has a similar asset-light approach to Dash, with a solid drive and

ambition to work with us to take on the co-living development in the Asia

Pacific. We are already seeing powerful synergy and a positive outlook for our

growth in Japan."

The former IntheHood team comprises former executives from international

hospitality brands, online travel agencies, and real estate private equity

firms. Dash Living's expansion in Japan will be under the leadership of its

Chief Growth Officer - Wesley Wen and the former intheHood team with Joel Yu as

General Manager.

The agreement is expected to be complete in July 2022 while IntheHood enters a

transition phase to merge with Dash Living, as part of Dash Living's continued

expansion across the Asia Pacific. Customer demand in APAC remains strong, with

Dash Living's co-living spaces in APAC achieving an average of 90% occupancy in

2021 despite the pandemic. Dash Living's growing momentum reflects the

continued interest from institutional investors to launch new properties and

projects across the region.

About Dash Living

Dash Living is Asia Pacific's new generation of rental solutions in Hong Kong,

Singapore, Tokyo, and Sydney. Venture capital-backed by MindWorks Ventures,

Grosvenor, Taronga Ventures, Chinachem, and more. Dash Living's mission is to

create a global accommodation community through sharing economies, tech, and

unique tenant experiences, empowering discerning urban professionals to live

and thrive in a connected world.

For media inquiries, please contact FleishmanHillard Hong Kong

Rose Chan

+852-2586-7828

rose.chan@fleishman.com

Source: Dash Living