Cloudbeds Introduces New Payments Solution to Further Streamline Hotel Operations

The fully integrated, easy, and secure payments solution is now available in the US, Canada, Europe and United Kingdom, to save Hoteliers time and money.

SAN DIEGO, June 09, 2021 (GLOBE NEWSWIRE) — Cloudbeds, the fastest growing hospitality management platform, announced the launch of a fully integrated payments solution and a new Financial Services division in the US, Canada, UK, and EU. Cloudbeds Payments is a robust payment solution that provides hoteliers an affordable and efficient method of managing all types of payments. Cloudbeds Payments features a state-of-the-art terminal, transparent fees, built-in reporting, analytics, security, and world-class (in-house) support that hoteliers need to focus on their guests rather than time-consuming payments acceptance and reconciliation.

A video accompanying this announcement is available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8a6b2363-8d1b-4e56-9a1c-44eeda1b9bfb

Typically, hospitality payment solutions are complicated and are time-consuming, which impacts guest relations with inconsistent and slow customer service while consuming too much hoteliers’ time with management and reconciliation. Hoteliers can now avoid manual card entry and lengthy verification processes with third-party vendors. Instead, payments are quick, easy, and completely integrated into the Cloudbeds platform.

“The best part about Cloudbeds Payments is that it’s fully integrated into their existing interface,” says Tarek, Finance Manager, Convo 212 in Athens, Greece. “My guests pay directly on my website and it’s immediately reflected in their reservation and on our reports. It accepts all credit card payments, handles the verification process and makes reconciliation a breeze.”

“Our previous payments process was very lengthy – manual card entry, the verification process, reconciliation, chargebacks, disputes – it took too much time and effort. Cloudbeds Payments helped us speed up every aspect of the customer payment process. It’s easy and efficient for guests to book and for us to manage,” remarks Austin, Property Manager at Rancho Caymus Inn in Napa Valley, California. “Cloudbeds Payments saves our staff so much time.”

In keeping with its focus of innovating to help hoteliers build revenue, save time, and increase guest satisfaction, the Cloudbeds’ Financial Services division has built a next-generation solution that will save properties 10 to 15 hours per month in reconciliations. In addition to its world-class support team, Cloudbeds Payments offers an in-house dispute management team composed of industry experts who intimately understand the hospitality business to better support hoteliers and guests. Cloudbeds expects to roll out Payments to additional countries in the upcoming months, including Australia, Brazil, and New Zealand.

“Cloudbeds is on a mission to empower lodging businesses with every tool they need to emerge from the pandemic successfully,” says Richard Castle, Co-Founder, and COO. “Cloudbeds creates a seamless experience that elevates every aspect of their business – from how their staff operates to their guest experience. Our payments solution is the first of several upcoming financial services designed to help lodging businesses spend more time with their guests and less time managing their property.”

About Cloudbeds

Founded in 2012, Cloudbeds is the fastest growing hospitality management platform in the world. Its SaaS platform provides tools to manage better properties of all types and sizes, allowing property managers/owners more time to focus on their guests while building revenue, driving bookings, and increasing operational efficiencies. Trusted by more than 20,000 hotels, hostels, inns, and alternative accommodations in more than 155 countries, the Cloudbeds suite is a fully integrated platform of capabilities designed to help properties unify their management, reservations, and booking systems, grow revenue, and automate workflows with confidence and ease. For more information, visit www.cloudbeds.com.

Media Contact:

Austin Edgington
austin@austinedgecomms.com

 

Madison Realty Capital Originates $278.5 Million Construction Loan for Three Multifamily Projects and Luxury Condominium in Austin, Texas

Portfolio Includes 734 multifamily apartments, 1,264 planned multifamily units, and 117 luxury condominium residences

NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $278.5 million construction loan for a portfolio of four assets located in Austin, Texas to Reger Holdings, LLC, a New York-based real estate investment and development company led by CEO Gordon Reger, a third-generation member of the Reger/Mader family who founded the company.

The portfolio is comprised of two mixed-use multifamily properties and 317 acres of entitled land with plans to develop 1,264 multifamily residential units, known as the EastVillage, located along the Parmer Lane tech corridor in northeast Austin and a luxury condominium in downtown Austin known as The Linden Residences. Reger Holdings contributed significant cash equity for the construction.

Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, “This transaction highlights Madison Realty Capital’s solutions-oriented approach and unique ability to serve as a single source financing provider to a highly reputable borrower. Austin is a rapidly growing, vibrant city experiencing exceptional economic growth but faces high barriers to entry. The Parmer Lane tech corridor is home to some of the most prominent Austin employers and some of the nation’s most innovative companies, including Tesla, Apple, Samsung, Oracle, Dell, Facebook, and 3M. However, the city is facing an undersupply of the high-quality housing options that employees in the Parmer Lane tech corridor demand. We look forward to working with Reger, a best-in-class developer with a strong balance sheet, to complete future phases of development in Austin and continue to identify attractive opportunities for our investors and partners throughout Texas and the Southwest.”

“Madison Realty Capital’s senior financing for the EastVillage and the Linden marks an exciting milestone for both projects,” said Gordon Reger.  “We are pleased to work with a single capital source that has the flexibility to finance these diverse projects.”

The mixed-use residences are comprised of two development sites across 29 acres within the over 400-acre master site planned for the EastVillage. The first EastVillage development will offer 312 luxury apartment units across six garden-style apartment buildings with top-tier amenities, including a fitness center, courtyard, dog grooming station and swimming pool. The second EastVillage development will consist of an additional 422 one-, two- and three-bedroom apartment units with state-of-the-art finishes, fitness center, game room, yoga studio, and 143,000 square feet of commercial space. Future phases of development for EastVillage involve 317 acres of land approved for 1,264 multifamily units, 240 hotel keys and over one million square feet of commercial space. The EastVillage is adjacent to Samsung’s Semiconductor chipmaking plant, one of Austin’s largest employers, which recently announced plans to expand with a $17 billion chipmaking facility.

Located at 313 West 17th Street in downtown Austin near the State Capital and the University of Texas at Austin, The Linden Residences is a 28-story luxury condominium project that will offer 117 one- to three-bedroom units, 5,196 square feet of ground floor retail and 251 parking spaces. The amenity rich units have been substantially sold to date.

Newmark Executive Managing Director David Douvadjian, Senior Managing Director, Brian Butler, and Director, David Douvadjian, Jr., served as advisors to Madison Realty Capital in the deal.

About Madison Realty Capital

Madison Realty Capital is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $14 billion of transactions in the multifamily, retail, office, industrial and hotel sectors nationwide. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as one of the industry’s top construction lenders. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

Attachments

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com