San Francisco Corporate Housing Startup Hits NY
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Zeus Living's customers wanted expansion, so expansion is what the Bay Area startup is giving them.
By year's end, the four-year-old corporate housing and property management company expects to launch as many as 120 homes across New York City and New Jersey, adding to 1,600 homes it operates across the West Coast and Washington, D.C.
"Our expansion is always customer-driven," Zeus Living CEO and co-founder Kulveer Taggar told Bisnow. "We prioritized New York because our enterprise customers and residents requested we expand to the city, arguably one of the most important global talent markets."
The startup counts Disney and biotech giant Genetech among its enterprise customers, whose employees have access to a variety of homes — from studio apartments to hotel rooms — for lodging during their business travels. Zeus Living's West Coast footprint includes Seattle, LA and the San Francisco Bay Area.
The company's new East Coast locations are in Hoboken and Jersey City, New Jersey, and Long Island City, Queens, and Manhattan, where it will offer stay in a Zeus-managed suite at the W Hotel in Midtown.
Zeus partners with commercial landlords and individual homeowners to specialize in business travel stays of 30 days or longer and claims to have recently surpassed 55,000 nights stayed. It has received $24.1M in funding, according to Crunchbase.
Zeus, which has over 200 employees across San Francisco and several satellite offices, will for now focus more on expanding within its five coverage areas rather than looking for more new markets, Taggar said.
"Since we have operations and resident support teams on the ground in each of our five markets, market depth ensures operational efficiency and a consistently high-quality resident experience," he said.