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NUOVO isn't accepting new investments

NUOVO’s deadline was February 28, 2022

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NUOVO

Revolutionizing the way we live and travel in the new normal as digital nomads
Immigrant Founders Latinx Founders Hotels & Hospitality
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$83,999
Raised
266
Investors
Successfully funded and closed on February 28, 2022.
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Closed on February 28, 2022. Information may not be up-to-date. Campaign closed on February 28, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Nuovo Properties LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
NUOVO Crowd SAFE Nuovo Form C:A.pdf Nuovo Form C.pdf
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Hear from some of the 266 people reserved or invested in NUOVO


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
$1M+ revenue
Company had over $1M in revenue in the past 12 months
  • 💫 $5.5M+ in Gross Revenue in 2019
  • 🔥 $15M in Lifetime Gross Revenue as of EOY 2019
  • 💥 Projected goal of $100M in Gross Revenue by 2024
  • ↑ 67% YoY in # of Units & 308% YoY Growth in Gross Revenue 2015~2020
  • 🥂 Recognized by the NMFHC in the Flexible Leasing Space
  • 🌟 100k+ Guests Hosted & 150+ Distribution Channels
  • 🌎 $2.5 Trillion TAM

Problem


The modern consumer looks for an authentic experience that's safe and accessible. Hotels lack authenticity, provide antiquated service, and offer cramped rooms at exorbitant prices. Competitors rely on hosts, and don’t have consistent and safe services. There needs to be an option for people to find flexible travel and living options. 

Solution


We're capitalizing on the massive consumer behavior trend towards remote work and offering a flexible travel and living solution. By partnering with building owners through revenue share agreements, we offer short and long-term tenants fully furnished and equipped apartments around the U.S.

Product


NUOVO connects people looking for flexible living options with safe, verified homes. Travelers who stay with us enjoy unique travel experiences, top-of-the-line amenities, inspiring design, and a flexible and seamless stay process. Owners who work with us have peace of mind that their apartments are being taken care of and maximized in the most economically efficient and profitable way.

At NUOVO, revenue management is at our core. Due to the lack of good revenue management software solutions on the market, we developed our own revenue management technology. Using machine learning and data analytics, we gather and process internal & external information to provide a comprehensive and automated system that optimizes revenue in real time.

Traction


NUOVO has been recognized by the NMHC (National Multifamily Housing Council) as a notable player in the STR space. We have seen unprecedented growth – 67% YoY growth in units and 308% YoY growth in revenue. We currently have integrations with 150+ distribution channels, presence across 6 US markets, and manage $75M+ across 250+ units.

*average YoY unit and revenue growth from 2015~2020

Customers


NUOVO directly helps renters search for flexible and affordable living solutions and travelers looking for short-term rentals. On the financial side, we provide unparalleled value to landlords and renters. Landlords find that partnering with us reduces vacancy rates by 15% and increases income by 20%. 

Across the board, renters and landlords are incredibly positive about our product and we're seeing mass adoption across the U.S.

Business model


NUOVO generates income from renting our apartments and entering into lease agreements with our landlords. We saw nearly $5.5M+ in revenue in 2019, and $2.5M+ in 2020. 

We're seeing projected rents of $100M+ and a net revenue of $89M by 2025. 

Market


There are now nearly 50M potential renters across the country due to changing travel and work conditions. There are now 3.7x more rooms listed on Airbnb than Marriott, Hilton and IHG combined. 

The short term rental market is valued at around $107B+ and will grow by 6.9% over the coming years. 

NUOVO's go to market strategy is to increase our paid advertising, grow our strategic partnerships and social media engagement. We’ve established a core group of happy customers – now it’s time to leverage that positivity. 

*approx 50M potential renters based on rental units

Competition


NUOVO is unique in specializing in short-term leasing at affordable rates without compromising the safety or the values of our homes. By partnering with local real estate owners and landlords, we provide value on both sides of the traditional renter/landlord exchange. 

Vision and strategy


With your investment we will capitalize on our success and expand to global operations. We plan to become a household name for short-term and flexible leasing to renters and travelers across the world. 

Funding


NUOVO has raised $2.5M in funding to date. We are now raising $1.07M to invest in business development and growth, product development, team building and marketing. 

Founders


Nico Ortega

Led the development of the Retail / Commercial division of one of the largest real estate development companies in Ecuador. Won 2 awards for best performing company in Real Estate and All Categories from Ekos Business. 8+ Years of Experience in Real Estate and Entrepreneurship.

Andres Ortega

Member of the Executive Team that grew a Residential Real Estate company with annual revenues of $3M to a diversified Real Estate Holding Company with interest in High, Middle and Low Income Residential, Commercial and Retail Segments with annual Revenues of $70MM+.

Deal terms


Valuation cap

$10,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for NUOVO occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$150

The smallest investment amount that NUOVO is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
NUOVO needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Nuovo Properties LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
NUOVO Crowd SAFE Nuovo Form C:A.pdf Nuovo Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in NUOVO.
65 investors
Invest
$250
Receive
  • NUOVO Coffee Mug (set of 3)
  • Limited (35 left of 100)
38 investors
Invest
$500
Receive
  • NUOVO swag bag
  • Limited (62 left of 100)
19 investors
Invest
$1,000
Receive
  • NUOVO swag bag
  • Special Mention on NUOVO Website
  • Limited (81 left of 100)
3 investors
Invest
$2,500
Receive
  • NUOVO swag bag
  • Special Mention on NUOVO Website
  • "I Invested in NUOVO" Special Edition T Shirt
  • Limited (97 left of 100)
1 investor
Invest
$5,000
Receive
  • NUOVO swag bag
  • Special Mention on NUOVO Website
  • "I Invested in NUOVO" Special Edition T Shirt
  • 10% Discount on ANY stay at a NUOVO location
  • Limited (49 left of 50)
Invest
$10,000
Receive
  • NUOVO swag bag
  • Special Mention on NUOVO Website
  • "I Invested in NUOVO" Special Edition T Shirt
  • 15% Discount on ANY stay at a NUOVO location.
  • 30 minute group call with CEO
  • Limited (10 left of 10)
Invest
$25,000
Receive
  • NUOVO swag bag
  • Special Mention on NUOVO Website
  • "I Invested in NUOVO" Special Edition T Shirt
  • FREE 10 Night Stay at any NUOVO Location
  • 30 minute group call with CEO & Co Founders
  • Limited (10 left of 10)
Invest
$50,000
Receive
  • NUOVO swag bag
  • Special Mention on NUOVO Website
  • "I Invested in NUOVO" Special Edition T Shirt
  • FREE 10 Night Stay at any NUOVO Location
  • 30 minute group call with CEO & Co Founders
  • 1on1 meeting with CEO
  • Limited (5 left of 5)

About NUOVO

Legal Name
Nuovo Properties LLC
Founded
Aug 2015
Form
Florida LLC
Employees
5
Website
staynuovo.com
Social Media
Headquarters
Google Map location of of NUOVO
95 Merrick Way 3 , Miami, FL
Headquarters
95 Merrick Way, 3, Miami, FL, United States 33134

NUOVO Team
Everyone helping build NUOVO, not limited to employees

Profile picture of Nicolas Ortega
Nicolas Ortega
Co Founder & CEO
Experienced entrepreneur and business professional with a demonstrated history of working in the Real Estate & Hospitality Industry. Strong business development and entrepreneurship skills.
Nicolas Ortega
Co Founder & CEO

Press

These 15 top leaders are propelling the technology indust...
USA TODAY
·
Nov 15, 2021

From health care to the short-term rental market, these 15 technology-related companies are leading their industry in cre...

NUOVO Covid-19 Survivor Hospitality Startup Breaks The Mo...
Medium
·
Oct 14, 2021

Business owners continue to scramble and evolve, hoping they will survive the long-lasting, and yet-o-be-seen effects of ...

Subscription-Based Living And Short Term Rentals Are Revo...
Tech Times
·
Aug 12, 2021

We have all heard of many different subscription-based services including entertainment, software, classes, food, beauty,...

Robert Leonard on LinkedIn: Real Estate Subscription and ...
Linkedin

On #RealEstate101, I talk with Nicolas Ortega about what #shorttermrentals are and how they work, the difference between ...

Logo of NUOVO

NUOVO

NUOVO successfully raised $83,999 from 266 investors on February 28, 2022
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Ida, Mary J, A. Jacob, Dominick, Jeff, and 261 others invested. 40 Reviews
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