Roami
Roami is a Miami-based hospitality company that operated professionally managed, design-forward short-term rental properties in entire buildings across US cities, targeting urban group travelers via direct booking. Acquired by CozySuites in March 2026 after a Chapter 11 filing.
- Company typePrivate
- Founded2016
- HeadquartersMiami, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Roami does
Roami (legal entity Sextant Stays, Inc.) is a Miami-based hospitality company founded in 2016 that operated a portfolio of professionally designed, short-term rental properties across multiple U.S. cities. The company differentiated itself by leasing and managing entire buildings rather than individual units, enabling standardized design, furnishings, and hospitality quality across its inventory. Properties span Florida (Miami, Miami Beach, North Bay Village, Sunny Isles Beach), Louisiana (New Orleans), Minnesota (Minneapolis, Saint Paul), and Colorado (Denver), with unit types ranging from studios to five-bedroom combinations.
The core product is a direct-to-consumer vacation rental booking platform accessed via roami.com, featuring contactless check-in with digital access codes, 24/7 customer support, and curated property amenities including gyms, full kitchens, in-unit laundry, and communal spaces. Standard units at Century Plaza Minneapolis priced at $129/night and premium 3-5 bedroom combos at $199/night illustrate the pricing structure; ancillary revenue comes from pet fees ($150-$250), additional guest fees, and parking ($10-$11/day). Distribution is exclusively direct via the company website and a corporate sales channel for B2B bookings, with no disclosed OTA partnerships.
Roami filed for Chapter 11 bankruptcy protection in May 2025 with $5M in assets against $15.9M in liabilities, and was acquired out of bankruptcy by CozySuites in March 2026. The Roami brand and staff were retained under new ownership, with founder and CEO Andreas King-Geovanis transitioning to an advisory role. The company had raised $29M cumulatively, including a $14M Series A led by Vigo Capital in March 2023 that coincided with the rebrand from Sextant Stays to Roami.
Roami firmographics
Firmographics- Name
- Roami
- Legal name
- Sextant Stays, Inc.
- Website
- https://roami.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Roami is a Miami-based hospitality company that operated professionally managed, design-forward short-term rental properties in entire buildings across US cities, targeting urban group travelers via direct booking. Acquired by CozySuites in March 2026 after a Chapter 11 filing.
- Ownership category
- akta.pro rank
Roami industry classification
Industry- Product category
- Short-term Vacation Rentals
- NAICS
- Hotels (except Casino Hotels) and Motels (721110), Other Traveler Accommodation (72119)
- SIC
- Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)
- akta.pro primary industry
- Serviced Vacation Rentals (Managed Apartments/Aparthotel-Style STRs) (THAGANAE)
- akta.pro secondary industry
- Whole-Home Rentals (Houses, Villas, Cabins) (THAGANAA)
Keywords
Where Roami is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Roami business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- Short-term Rental Accommodations: Roami generates revenue by managing entire buildings and renting fully furnished spaces to guests on a nightly/short-term basis. Properties range from studios to multi-bedroom apartments, with pricing varying by unit type, location, and season. Additional revenue comes from pet fees, additional guest fees, and parking charges.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Standard units (Studios, 1BR, 2BR) at Century Plaza Minneapolis starting at $129/night |
| Unit Pricing | Pay-as-you-go | Premium combo units (3BR, 4BR, 5BR) at Century Plaza Minneapolis at $199/night |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Roami product offering
Product offeringCore offering
Roami operates a direct-to-consumer vacation rental platform offering professionally designed, full-building-managed short-term accommodations in top U.S. cities including Miami, New Orleans, Minneapolis, Saint Paul, and Denver. The company rents fully furnished studios through multi-bedroom apartments on a nightly basis with contactless check-in, digital access, and 24/7 support, targeting urban group travelers seeking consistent, design-forward alternatives to hotels. Additional ancillary fees cover pets, parking, and extra guests.
Product overview
Roami is a hospitality company operating a portfolio of professionally designed vacation rentals across multiple U.S. cities. The company offers a unified platform for booking and managing stays at its managed properties, which include individual branded locations such as Roami at Century Plaza in Minneapolis, along with various properties in Miami, New Orleans, and Saint Paul. Roami positions itself as a full-service alternative to traditional hotels and fragmented vacation rentals, managing entire buildings to ensure consistent quality and hospitality standards. The company's product portfolio centers on its booking platform and curated property inventory.
Differentiator
Problem solved
Functional benefit
Products and services
- Roami Vacation Rentals Platform A direct-to-consumer vacation rental platform enabling guests to search, book, and manage stays at Roami-managed properties across top U.S. cities, providing a tech-enabled guest experience with contactless check-in, digital access, and 24/7 support.
- Roami at Century Plaza A historic loft-style aparthotel across from the Minneapolis Convention Center featuring spacious suites with full kitchens, in-unit laundry, soaring ceilings, oversized windows, 24/7 front desk, gym, pickleball court, yoga studio, and free breakfast daily. Units range from studios to 5-bedroom combinations sleeping up to 12 guests.
- Roami Miami Properties Luxury vacation rentals in Miami, Florida, including Grove 27, 250 Collins, and Habitat Brickell properties, offering modern traveler-focused accommodations with access to the city's vibrant culture and distinct architecture.
- Roami New Orleans Properties Luxury vacation rentals in New Orleans, Louisiana, including Motorworks, St. Charles, Factors Row, and Brassline properties, combining the character and charm of the city with modern conveniences for travelers.
- Roami Saint Paul Properties Vacation rentals in Saint Paul, Minnesota, including The Fitz property, offering a relaxed Twin Cities experience with access to tree-lined streets, historic mansions, cozy cafes, and riverfront views.
- Roami Minneapolis Properties Vacation rentals in Minneapolis, Minnesota, with access to the city's lakes, vibrant food scene, and thriving arts culture, designed to place guests in the heart of the city with comfort and convenience.
Companies that use Roami
Customer profileSegments3 records
Ideal customer profiles3 records
Roami technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Roami partnerships and signals
Strategic signalScale indicators5 records
Recent moves7 records
Expansion highlights5 records
Roami competitors and assessment
Company assessmentBroad incumbents
- Vacasa: Vacasa is a large-scale professional vacation rental manager with a national footprint. While more vacation/resort focused than Roami's urban group-travel positioning, both compete for professional STR management relationships with property owners.
- Airbnb: Airbnb is the dominant marketplace for short-term rentals globally. While Airbnb operates a marketplace model rather than managing properties directly, it sets the competitive backdrop for direct-booking operators like Roami and represents the largest source of demand for urban STRs.
- Hyatt (Caption by Hyatt / Hyatt House): Hyatt operates extended-stay aparthotel-style brands (Hyatt House, Caption by Hyatt) that compete with Roami for urban group travelers and corporate housing customers. Major incumbent with stronger loyalty and corporate account infrastructure.
Direct peers
- Sonder: Sonder operates a tech-enabled aparthotel platform offering design-forward, apartment-style stays in urban markets globally. Like Roami, Sonder manages entire buildings and combines the consistency of hotels with the space of apartments — making it the most directly comparable peer. Sonder similarly faced severe financial distress and restructuring, underscoring the structural challenges in this category.
- Kasa Living: Kasa operates professionally managed apartment-style accommodations in major US cities, partnering with real estate owners to deliver hotel-quality stays. Directly comparable to Roami's full-building management model with a focus on tech-enabled guest experience and design-forward units.
- Mint House: Mint House offers tech-enabled residential-style hotel apartments in multiple US cities, with contactless check-in and design-forward units. Closely mirrors Roami's value proposition of combining apartment space with hotel-grade consistency and service.
- Locale: Locale operates full-service apartment-style hotels in urban markets, offering professionally managed, design-forward units with hotel amenities. Comparable to Roami in both customer segment (urban group/business travelers) and operational model (managed buildings).
- Stay Alfred: Stay Alfred provides urban apartment-style vacation rentals in major US cities, offering professionally managed units with hotel-like amenities. Directly comparable to Roami in customer segment, product type, and distribution approach.
Emerging players
- Placemakr: Placemakr operates a hybrid aparthotel platform offering flexible stays in professionally managed apartment units across US cities. Comparable in target customer and product type, though with a more flexible-stay focus that overlaps partially with Roami's offering.
Regional players
- HotelEngine: HotelEngine is a B2B corporate housing and hotel booking platform. Comparable in addressing the corporate housing and extended business travel use case that Roami's B2B sales channel targets, though operating primarily as a marketplace rather than a property operator.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Roami social profiles
Digital presenceRoami financial estimates
Financial estimateRevenue estimate
Valuation estimate
Roami leadership team
Management profileNumber of profiles
Profiles1 record
Roami funding detail
Funding detailFunding overview
Funding rounds6 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Roami 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 Roami
What does Roami do?
Roami operates a direct-to-consumer vacation rental platform offering professionally designed, full-building-managed short-term accommodations in top U.S. cities including Miami, New Orleans, Minneapolis, Saint Paul, and Denver. The company rents fully furnished studios through multi-bedroom apartments on a nightly basis with contactless check-in, digital access, and 24/7 support, targeting urban group travelers seeking consistent, design-forward alternatives to hotels. Additional ancillary fees cover pets, parking, and extra guests.
Is Roami a public or private company?
Roami is a private company. It is classified as corporate owned and is currently acquired.
When was Roami founded?
Roami was founded in 2016. It employs 51 to 100 people.
Where is Roami based?
Roami is headquartered in Miami, United States, in the North America region.
How does Roami make money?
One revenue line is on record: short-term Rental Accommodations.
Who are Roami's main competitors?
Broad incumbents on record are Vacasa, Airbnb and Hyatt (Caption by Hyatt / Hyatt House). Direct peers are Sonder, Kasa Living, Mint House, Locale and Stay Alfred. Placemakr is listed as an emerging player. HotelEngine is listed as a regional player.
Does Roami have an API?
No public API is recorded for Roami.
What industry is Roami in?
Roami's product category is Short-term Vacation Rentals. Its primary akta.pro industry code is THAGANAE, Serviced Vacation Rentals (Managed Apartments/Aparthotel-Style STRs), with a secondary code of THAGANAA, Whole-Home Rentals (Houses, Villas, Cabins). Its NAICS code is 721110 and its SIC code is 7011.