Presently Qstay runs more than 300 properties across four different countries with the plan to expand the business within 2026.

Qstay a revolutionary platform for rental investment property and hospitality management based in Dubai have announced that the company had raised $4.6 million in a pre-series A round. The fresh investment round brings the company a total of $11.1 million. The capital was raised through a blend of convertible and conventional debt, verifying strong confidence for the investors in the transforming approach toward the hospitality sector provided by Qstay.

Founded by Artur Khayrullin and Alec Redelman back in 2020, Qstay’s platform has plans to revolutionise the landscape of hospitality globally. Qstay provides a tech-driven opportunity for its users for a seamless managing process. The company grasps customer service driven by the latest AI technology and complete digital custodian features to notably boost the experiences of the guests while at the same time cutting down operational costs by up to 50 percent.

“We are thrilled to have secured this additional funding, which will enable us to accelerate our growth and continue to innovate in the hospitality sector. This investment is a testament to the strong market demand for our tech-centric, design-led hotel-style experience and the compelling economics we offer to property owners,” said Artur Khayrullin, the Co-founder of Qstay.

Alec Redelman, the Co-founder of Qstay, further added,  “The support from our investors is a strong endorsement of our vision to redefine the guest experience and optimize returns for property owners. We are committed to expanding our footprint and enhancing our platform’s capabilities.”

Currently, Qstay operates more than 300 properties spread over nine different markets across four countries worldwide. The company also has a plan to expand its business and involve its business in more additional markets within a span between 2024 and 2026. The dedicated platform of Qstay already has a record of facilitating more than 130,000 night bookings hosted for over 60,000 guests and puts spotlights on its rapidly increasing success and popularity in the hospitality industry.

The platform not only known for providing top-notch quality comfort and affordable stay for the users but also arrange easy-going management and extensive ROI (return on investment) for the owners of the property. With an estimated $63 million in revenue within 2025, and an increase of 18% in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) edge, Qstay currently stands in a good position to catch continuous growth and success in the dedicated sector.

Founded back in 2020 by Artur Khayrullin, Ekaterina Rogozhina, Alec Fesenko, and Natalya Fesenko, Qstay is widely known for running a virtual hotel brand, with approximately 200 units under its platform. The company also enables online application-oriented services to access nearby beaches, pools, spas, and gyms for dedicated guests staying on the coastline properties. The complete landscape is driven by the latest technology, Qstay is a startup in the hospitality sector and offers corporate and holiday rentals alongside convenient and complete service of luxurious hotels with the ultimate privacy and comfort like home.