Ando Living Group
Ando Living Group operates branded lifestyle serviced apartments across Lisbon, Porto, and Istanbul — and expanding into Spain, UK, Greece, and Italy — serving modern travelers, non-EU Golden Visa investors via its regulated Ando Europe Fund, and building owners seeking turnkey branded-residence management.
- Company typePrivate
- Founded2014
- HeadquartersLisbon, Portugal
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Ando Living Group does
Ando Living Group, founded in 2014 and headquartered in Lisbon, operates a portfolio of premium "lifestyle serviced apartments" under the Ando Living brand across Lisbon, Porto, and Istanbul, with a stated roadmap to scale from roughly 2,000 apartments today to 6,000 apartments across eight European countries by 2028. The company runs an asset-light operating model: it owns or controls the brand, the booking platform (book.andoliving.com), and a proprietary yield management system, while outsourcing heavy operational lifting to LovelyStay (Portugal's largest private property manager, with €600M AUM and 1,500+ apartments) and sourcing capital, developer pipeline, and investor distribution through OptylonKrea (€1.8bn GDV across 38 projects). The product surface spans 14 named "House" properties (6-32 apartments each, 40-207 sqm), the Lisbon Rooftop clubhouse near Avenida da Liberdade, and Clubhouses (rooftop pools, gyms, restaurants, event spaces) rolling out from 2026 across Lisbon, Istanbul, London, Paris, and Athens.
The group monetizes through four distinct streams: nightly and extended-stay serviced apartment rentals booked primarily direct-to-consumer; one-off freehold sales of branded residences with Ando-managed rental programs; full-service property management fees from building owners and developers (turnkey design, branding, operations); and regulated fund management via the Ando Europe Fund, a Portuguese Golden Visa-eligible vehicle with a €500,000 minimum, 5-year lock, and approximately 60% hospitality / 40% F&B allocation targeting up to 8% annual returns. Disclosed 2023 revenue was €32 million, the company raised €67.5 million in 2024 equity from the Prima Europe Fund (managed by STAG Fund Management), and serves three primary customer segments — modern travelers (leisure, business, family, extended stays), non-EU real estate investors seeking Golden Visa residency, and building owners / developers seeking turnkey branded-residence conversions.
Ando Living Group firmographics
Firmographics- Name
- Ando Living Group
- Legal name
- Ando Living Unipessoal, Lda.
- Website
- https://andoliving.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Ando Living Group operates branded lifestyle serviced apartments across Lisbon, Porto, and Istanbul — and expanding into Spain, UK, Greece, and Italy — serving modern travelers, non-EU Golden Visa investors via its regulated Ando Europe Fund, and building owners seeking turnkey branded-residence management.
- Ownership category
- akta.pro rank
Ando Living Group industry classification
Industry- Product category
- Serviced Apartments / Hospitality
- NAICS
- Other Traveler Accommodation (72119), Traveler Accommodation (7211), All Other Traveler Accommodation (721199), Accommodation (721)
- SIC
- Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Luxury Serviced Residences (THAGAEAJ)
- akta.pro secondary industries
- Extended-Stay Brand Residences (Managed Residences) (THAGAEAM), Alternative Corporate Lodging (Serviced Apartments, Extended Stay, Corporate Housing) (THACAGAL)
Keywords
Where Ando Living Group is headquartered
LocationHeadquarters
- HQ city
- Lisbon
- HQ country
- Portugal
- HQ region
- Europe
Offices4 records
Markets served
Ando Living Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Short-term Serviced Apartment Rentals: Revenue from nightly and weekly rentals of fully furnished lifestyle apartments across Lisbon, Porto, and Istanbul. Includes premium amenities, concierge services, and curated local experiences bundled into the stay.
- Branded Residence Sales: Freehold apartment sales with rental income potential, allowing investors to purchase branded properties that Ando Living manages for rental revenue generation.
- Fund Management: Ando Europe Fund generates management fees and carried interest from regulated Golden Visa-eligible investment fund targeting hospitality sector with minimum €500,000 investor commitments.
- Property Management Services: Full-service property management including sales, marketing, branding, interior design, and day-to-day operations for building owners and developers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Golden Visa Fund Investment |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels8 records
Ando Living Group product offering
Product offeringCore offering
Ando Living Group operates and manages a portfolio of lifestyle serviced apartments across Lisbon, Porto, and Istanbul, offering fully furnished premium accommodations (40-207 sqm) for short-term and extended stays with concierge, organic amenities, and curated local experiences. Beyond guest stays, the group sells freehold branded residences to investors, runs the Ando Europe Fund (a regulated Golden Visa-eligible collective investment vehicle), and delivers turnkey property management services to building owners and developers via its LovelyStay partnership.
Product overview
Ando Living Group operates as a lifestyle serviced apartment brand offering premium accommodations across Lisbon, Porto, and Istanbul. The portfolio includes 14 distinct property locations (Houses) ranging from 6 to 32 apartments each, plus an exclusive Lisbon Rooftop space. Upcoming Clubhouses featuring rooftop pools, gyms, restaurants, and event spaces are planned for 2026 across Lisbon, Istanbul, London, Paris, and Athens. The company also offers the Ando Europe Fund, a Golden Visa eligible investment vehicle focused on hospitality assets. The product ecosystem is unified around the 'Ando Way' hospitality concept emphasizing soulful design, premium amenities, organic products, local experiences, and concierge services.
Differentiator
Problem solved
Functional benefit
Products and services
- Ando Living Serviced Apartments Lifestyle serviced apartments for short-term and extended stays (40-207 sqm, accommodating 2-8 guests) in Lisbon, Porto, and Istanbul, with organic toiletries, premium linens, 24/7 concierge, curated local experiences, and seamless direct booking via book.andoliving.com.
- Lisbon Rooftop Exclusive rooftop space near Avenida da Liberdade in Lisbon offering curated events, wine tastings, private coworking, and panoramic city views for guests, owners, and like-minded locals.
- Clubhouses Planned premium on-site facilities featuring rooftop pools, terraces, gyms, restaurants, bars, and event spaces to be opened from 2026 across Lisbon, Istanbul, London, Paris, and Athens.
- Ando Europe Fund Regulated Golden Visa-eligible investment fund with a minimum €500,000 commitment and 5-year maturity, targeting up to 8% per annum returns from hospitality (approximately 60%) and food & entertainment (approximately 40%) assets in Portugal and across Europe.
- Branded Residence Sales Freehold branded apartment sales giving investors ownership of Ando Living-managed units with managed rental income, premium design, and brand association across the Lisbon, Porto, and Istanbul portfolio.
- Property Management Services Full-service turnkey property management for building owners and developers, covering design, branding, marketing, sales, and day-to-day operations, delivered in partnership with LovelyStay (Portugal's largest private property management company managing €600M and 1,500+ apartments).
Quantifiable outcome
- 6%+ annual yield for investors
- +4 more outcomes
Companies that use Ando Living Group
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Ando Living Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Ando Living Group partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- OptylonKreacorePan-Mediterranean real estate development and investment management company advising on €1.8bn GDV across 38 projects. Specializes in strategic investment fund advice across Europe with €200M in equity across 5 funds. Advisory partner for Ando Europe Fund.
- LovelyStaycorePortugal's largest private property management company managing €600M under exclusive management, 1,500+ apartments, 500,000+ guests, and 175,000+ bookings. Provides full rental process and day-to-day operations for all Ando Living properties.
- City ApartmentsminorPartner brand listed in footer, potentially providing additional distribution channel for property management services.
- AvroKOcoreAward-winning designer team collaborated with Ando Living's interior designers and architects to create signature design concept for Clubhouses and Houses, blending premium aesthetics with local traditions.
- Howard Folly WineryminorWinery from Estremoz partners with Ando Living for monthly rooftop wine tastings in Lisbon, showcasing Portuguese wines to guests and locals.
- GRAUº CerâmicaminorPortuguese art studio providing stunning mask art pieces for Santa Catarina House in Porto and Augusta House in Lisbon.
- Farinha RosaminorArtist providing exquisite artwork showcased in Madalena House and future Santos House properties.
- Florbela ImaginationminorLisbon-based curtain maker providing custom-made curtains for the Lisbon Rooftop.
- Lucien Blondel Floral StudiominorLisbon floral studio providing weekly flower bouquets for Ando Living properties.
- Maison AngeaminorCoimbra-based studio providing arranged dried flowers for Ando Living Santos House apartments and shared spaces.
Scale indicators12 records
Recent moves9 records
Expansion highlights5 records
Ando Living Group competitors and assessment
Company assessmentDirect peers
- Locke (by edyn): Locke operates design-led aparthotels across the UK and continental Europe with on-site F&B, coworking and social spaces — the closest direct analogue to Ando's lifestyle-serviced-apartment model targeting modern travellers in city-centre locations.
- NUMA: NUMA runs a pan-European portfolio of fully serviced apartments with proprietary tech and a direct booking platform — directly comparable to Ando's Lisbon/Porto/Istanbul footprint, branded apartment experience and tech-enabled operating model.
- Bob W: Bob W operates tech-enabled serviced apartments across multiple European cities, combining hotel-grade service with apartment-style units — closely matching Ando's positioning on premium design, direct booking and tech-led operations.
- Adagio (Accor): Adagio is Accor's aparthotel brand operating hundreds of serviced apartment properties across Europe — a direct competitor in the extended-stay / aparthotel category with overlapping urban footprints and similar target guests.
- Citadines (The Ascott Limited): Citadines operates serviced residences across European city centres under Ascott, offering studio-to-multi-bedroom apartments with kitchenettes and hotel services — a long-standing direct competitor in the serviced-residence category.
- Staycity: Staycity is one of Europe's largest aparthotel operators (Wild Card and premium brands) with city-centre properties — directly comparable on apartment-style stays, premium positioning and multi-city European footprint.
- SACO Serviced Apartments: SACO operates serviced apartments across the UK and international cities — a direct competitor offering short and extended-stay apartments with similar guest profiles and city-centre locations.
- Sweet Inn: Sweet Inn offers design-led serviced apartments and villas across European cities with locally-curated experiences — overlapping with Ando's lifestyle positioning and emphasis on local authenticity and premium interior design.
Broad incumbents
- Sonder Holdings: Sonder operates a global portfolio of branded, tech-enabled apartments and is now expanding into Europe — broadly comparable as a larger, publicly-experienced incumbent in the apartment-hospitality hybrid category.
Regional players
- Pestana Hotel Group: Pestana is Portugal's largest hotel group with a domestic apartment and resort-residence portfolio — a regional comparable operating luxury and lifestyle accommodations in the same Iberian markets as Ando.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Ando Living Group social profiles
Digital presenceAndo Living Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ando Living Group leadership team
Management profileNumber of profiles
Profiles7 records
Ando Living Group funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ando Living Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ando Living Group
What does Ando Living Group do?
Ando Living Group operates and manages a portfolio of lifestyle serviced apartments across Lisbon, Porto, and Istanbul, offering fully furnished premium accommodations (40-207 sqm) for short-term and extended stays with concierge, organic amenities, and curated local experiences. Beyond guest stays, the group sells freehold branded residences to investors, runs the Ando Europe Fund (a regulated Golden Visa-eligible collective investment vehicle), and delivers turnkey property management services to building owners and developers via its LovelyStay partnership.
Is Ando Living Group a public or private company?
Ando Living Group is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ando Living Group founded?
Ando Living Group was founded in 2014. It employs 51 to 100 people.
Where is Ando Living Group based?
Ando Living Group is headquartered in Lisbon, Portugal, in the Europe region.
How does Ando Living Group make money?
Four revenue lines are on record. Short-term Serviced Apartment Rentals are the primary driver. The others are branded Residence Sales, fund Management and property Management Services.
Who are Ando Living Group's main competitors?
Direct peers on record are Locke (by edyn), NUMA, Bob W, Adagio (Accor), Citadines (The Ascott Limited), Staycity, SACO Serviced Apartments and Sweet Inn. Sonder Holdings is listed as a broad incumbent. Pestana Hotel Group is listed as a regional player.
Does Ando Living Group have an API?
No public API is recorded for Ando Living Group.
What industry is Ando Living Group in?
Ando Living Group's product category is Serviced Apartments / Hospitality. Its primary akta.pro industry code is THAGAEAJ, Luxury Serviced Residences, with a secondary code of THAGAEAM, Extended-Stay Brand Residences (Managed Residences). Its NAICS code is 72119 and its SIC code is 7000.