Roami

Roami (formerly known as Sextant Stays) offers apartment-style units for short-term rentals focused on group travelers in the US. The company claims that, on average, its spaces are 6x larger than a typical hotel room, offering amenities such as a gym and BBQ grill. Roami owns buildings designed for accommodation in Miami, New Orleans, Fort Lauderdale, and West Palm Beach. By controlling the entire building, Roami provides guest management solutions for travelers such as a virtual concierge, self check-in system, virtual kitchen, noise sensors, and smart tablets for upsell purposes. To further enhance guest experiences, guests can buy essentials in CVS-branded kiosks on the property, with Roami sharing revenue from sales of products in the CVS machine while paying a fixed rental fee for it. The company’s guest management solutions are enabled by its cost structure, which seeks to outsource employees, automate business processes, and cross-train employees. Roami’s rental prices range from USD 79–200 per night based on location and the number of bedrooms. As of March 2023, the company owned over 500 rental units, owning the buildings that contain the units. 

Key customers and partnerships

Roami partnered with virtual room service platform 2ndKitchen (June 2021) to establish virtual kitchens across eight of its properties). Roami also announced that it was partnering with Arkup in March 2023 to work on integrating spaces for guests to connect with each other.

Funding and financials

In March 2023, Roami raised USD 14 million in a Series A financing round led by Vigo Capital. In April 2021, the company raised USD 15 million in funding. Roami recorded over USD 40 million in revenue in 2022.