Getaway, a wellness hospitality company that provides mindful escapes to tiny cabins in nature within two hours of major cities, has closed a $22.5M Series B financing round. The round was led by a controlled affiliate of Starwood Capital Group, with continued support from L Catterton and other existing shareholders.
Getaway is a unique hospitality company tapping into the increasing need for urban dwellers to find balance in their over-connected and overstimulated lives. The Company offers its guests the ability to ‘unplug’ from the stress of daily life, reset and embrace simple pleasures like nature, silence and campfires. Every minimalist, design-focused cabin is perfectly situated in serene environments where guests are encouraged to recharge and spend time on what really matters — their relationships with themselves and their loved ones.
Starwood Capital Group, a global private investment firm with a core focus on real estate, energy infrastructure and other related strategies, is bringing its expertise and experience within the hospitality sector to this fast-growing, dynamic wellness company. “Starwood Capital’s passion and capability for innovation within the hospitality space marries perfectly with Getaway’s mission to provide wellness and mindfulness-oriented travel experiences,” said Barry Sternlicht, Starwood Capital Group’s Chairman and CEO. “We are very excited to partner with this fast-growing and well positioned company and help expand its impact on people and the world.”
This new round of funding will allow Getaway to continue its expansion in pursuit of its mission to offer overworked, over-connected people a chance for a mindful escape. The company currently has six Outposts with 140 total cabins outside of New York, Boston, Washington, DC, Atlanta, Portland, and one in between Pittsburgh and Cleveland. Getaway has already announced two new locations opening later this summer, outside of Los Angeles and Dallas.
“I couldn’t be more thrilled to partner with industry leaders like Starwood Capital and Barry Sternlicht,” notes Getaway Founder and CEO Jon Staff. “Starwood Capital shares our vision that more time spent disconnected, in nature, and away from everyday distractions will lead to better health and a better world. Their support will make it possible to bring the Getaway experience to many more people seeking mindful escapes.”
The Series B follows a $15M Series A round led by L Catterton in early 2017.