Project Bay
Project Bay is a bootstrapped German workation platform operating 20+ coworking and accommodation locations across Europe, combining hotel stays, coworking, and community services for remote workers, digital nomads, and corporate retreat clients.
- Company typePrivate
- Founded2020
- HeadquartersMecklenburg, Germany
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Project Bay does
Project Bay is a German workation platform founded in 2020 on the island of Rügen by Hannes Trettin (CEO/COO) and Toni Gurski (CTO) under the legal entity Project Bay Workation Hotel UG (haftungsbeschränkt), with related entities Project Bay GmbH and Project Bay Sylt GmbH operating the Virtual Office product line. The company operates 20+ coworking and accommodation locations across Germany and Europe (Baltic and North Sea coasts, Mallorca, Lake Garda in Italy, Saranda in Albania) by combining fully equipped coworking spaces within partner hotels (Radisson Blu, Best Western, Holiday Inn, Upstalsboom, Barefoot Hotels, Arcona, Beech Resort Fleesensee, ChateauBela, Mariandl). Its core technology is a web-based booking and community platform featuring a multi-location network under consistent service standards, a community app for member networking, and a Virtual Office product providing legally valid business addresses on Sylt and Rügen starting at €39/month.
Revenue is generated across four streams: (1) Bay Membership subscriptions at €999/month for individuals with unlimited location access, (2) Team Workation packages starting at €9,000 for a 4-day retreat for six people, plus €10,950 4-week boot camps, (3) Virtual Office subscriptions with €39-€35.10/month tariffs for business addresses with mail forwarding and Handelsregister eligibility, and (4) managed hotel partnerships where Project Bay converts underutilized 50–250 m² hotel spaces into coworking areas and shares economics with hoteliers. Go-to-market combines direct-to-consumer booking via project-bay.de, founder-led B2B enterprise sales for team retreats, and channel partnerships through employee benefit platforms (pxtra, CircleCube, fm, NUNOS, TLV) and major hotel chains.
The company is privately held, founder-owned, and bootstrapped, with no disclosed external venture capital backing (one undisclosed round logged in September 2023 with €0 disclosed). Headcount is reported at 1-10 employees but the named operating team comprises roughly a dozen individuals spanning co-founders, a legal representative (Nico Gramenz), digital community managers, a full-stack developer, UX/UI design, marketing, event management, and a "Feel-Good-Manager." EU-funded initiatives provide non-dilutive support: the Digitales MV digitization program (via Makerport Stralsund, ESF Plus, EFRE) and the "Nachhaltig wirken" community app (co-financed by BMWK). Media positioning in major German outlets and a Spotify podcast ("Freiheit des Arbeitens") anchor brand reach, with a stated long-term vision of 130+ European locations and eventually a worldwide network.
Project Bay firmographics
Firmographics- Name
- Project Bay
- Legal name
- Project Bay Workation Hotel UG (haftungsbeschränkt)
- Website
- https://project-bay.de
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Project Bay is a bootstrapped German workation platform operating 20+ coworking and accommodation locations across Europe, combining hotel stays, coworking, and community services for remote workers, digital nomads, and corporate retreat clients.
- Ownership category
- akta.pro rank
Project Bay industry classification
Industry- Product category
- Coworking & Workation Services
- NAICS
- Traveler Accommodation (7211), Other Traveler Accommodation (72119)
- SIC
- Hotels, Rooming Houses, Camps & Other Lodging Places (7000)
- akta.pro primary industry
- Corporate Extended-Stay Housing (Relocation & Project-Based) (THAMAFAA)
Keywords
Where Project Bay is headquartered
LocationHeadquarters
- HQ city
- Mecklenburg
- HQ country
- Germany
- HQ region
- Europe
Offices4 records
Markets served
Project Bay business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- BAY Membership Subscription: Monthly subscription model offering unlimited access to all Project Bay locations across Europe. Members receive first-class hotel accommodation, coworking access, wellness facilities, and community membership. Priced at €999/month per individual.
- Team Workation Packages: One-time corporate team retreat bookings including 4-day workation packages for teams of 6+ people. Includes coworking access, conference rooms, activities, accommodation, meals, and wellness. Starting at €9,000 per team. Also includes intensive 4-week boot camp packages (€10,950 for 6 people).
- Virtual Office Service: Monthly subscription for business address services at premium coastal locations (Sylt, Rügen). Includes post reception, legal business address capability for Handelsregister, weekly forwarding. Priced from €39/month (monthly tariff) or €35.10/month (annual tariff). Additional revenue from optional coworking days and meeting room bookings.
- Hotel Partnership & Coworking Space Management: Revenue share or partnership model with hotels. Project Bay converts underutilized hotel spaces into coworking areas and drives new guest segments (digital nomads, remote workers, corporate teams), increasing hotel occupancy. Hotels provide physical infrastructure while Project Bay provides marketing, community management, and platform services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Individual BAY Membership: From €999/month for unlimited access to all locations |
| Subscription | Monthly | Virtual Office Rügen or Sylt: From €39/month |
| Subscription | Multi-year contract | Team Workation (4 days, 6 people): From €9,000 |
| Subscription | Multi-year contract | Full Focus Bootcamp (4 weeks, 6 people): €10,950 |
| Subscription | Annual | FlexTeam Workation: Corporate annual membership (pricing not publicly disclosed) |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Project Bay product offering
Product offeringCore offering
Project Bay operates a multi-location workation platform combining fully equipped coworking spaces with hotel accommodation at 20+ premium destinations across Germany and Europe (Rügen, Sylt, Mallorca, Garda, etc.). Its primary offerings are individual workation bookings, structured team retreat packages for corporate groups, a €999/month Bay Membership subscription granting unlimited location access, a virtual office business address service on Sylt and Rügen starting at €39/month, and a hotel partnership program that converts underutilized hotel space (50–250 m²) into managed coworking facilities.
Product overview
Project Bay is a multi-location workation and coworking platform that operates across 20+ locations in Germany and Europe. Its core product is a combined coworking + accommodation booking service, where remote workers and digital nomads reserve fully equipped workspaces at premium coastal, rural, and urban destinations and stay at partner hotels. The platform is organized as a suite of interconnected products: the core Workation service (coworking + hotel stays), Team Workations (structured company retreats), the Bay Membership (€999/month recurring subscription for unlimited location access), the Hotel Partnership Program (B2B hotel conversion service), and the Virtual Office / Virtual Beach Office product (€39/month business address service on Sylt and Rügen with mail handling and Handelsregister eligibility). Additional offerings include the Digitales MV digitization coach program and the Nachhaltig wirken community app, both supported by EU and German federal funding. The portfolio spans B2C (individual memberships), B2B (team retreats, employer partnerships), and B2B2B (hotel partnerships) segments.
Differentiator
Problem solved
Functional benefit
Products and services
- Workation (Coworking + Accommodation) Combined coworking and accommodation service enabling remote workers and digital nomads to book fully equipped workspaces at premium coastal, rural, and urban destinations across Germany and Europe while staying at partner hotels. Includes high-speed internet, professional amenities, community access, and optional wellness facilities.
- Team Workations Structured team retreats and company offsites bundling coworking access, conference room facilities, curated local activities, meals, accommodation, wellness, and team-building activities for groups of 6+ people. Includes 4-day team workation packages (from €9,000) and intensive 4-week Full Focus Bootcamp packages (€10,950 for 6 people). Designed for HR leaders and executives seeking team cohesion and employee retention.
- Bay Membership Monthly subscription granting members the ability to work from any of Project Bay's 20+ locations across Europe, with first-class hotel accommodation, coworking access, wellness facilities, gym, and digital community membership included. Priced at €999/month per individual with a 15% discount available when the member's employer is a Project Bay partner.
- Virtual Office (Geschäftsadresse / Virtual Beach Office) Virtual business address service offering a legally compliant company registered address on Sylt (Hafenstraße 1) and Rügen (Boddenstraße 64) starting at €39/month (monthly tariff) or €35.10/month (annual tariff). Includes mail acceptance, weekly mail forwarding, Handelsregister eligibility (without c/o), and optional add-on coworking days or meeting room bookings. Suitable for company founding and registration.
- Hotel-Kooperation (Hotel Partnership Program) B2B offering for hotel operators to convert underutilized spaces (50–250 m²) into managed coworking facilities, with Project Bay handling marketing, sales, community management, and direct access to digital nomad and corporate remote-worker guest segments. Designed to help partner hotels increase occupancy by up to 30% without major capital expenditure.
- Partnerschaft (B2B Employer Partnership Program) Free employer partnership program offering exclusivity per industry sector, co-marketing as a 'Future-of-Work Employer', and a 15% employee discount on Project Bay memberships and team offsites. Managed by Nico Gramenz and distributed through B2B benefit platforms including pxtra, CircleCube, fm, NUNOS, and TLV.
- FlexTeam Workation (Corporate Annual Membership) Corporate annual membership providing year-round use of all Project Bay locations, unlimited accommodation booking, full-time digital community access, and inclusion in topic-specific Circles for employer-sponsored teams. Custom corporate pricing is available on request.
- Nachhaltig wirken (Community App) Community app and digital networking platform connecting purpose-driven companies, startups, associations, municipalities, and investors, facilitating knowledge exchange, collaboration, and hybrid online/offline community events. Part-funded by Germany's Federal Ministry for Economic Affairs and Climate Action (BMWK) and ESF Plus.
Quantifiable outcome
- Hotels can achieve up to 30% more revenue through workation partnerships
- +2 more outcomes
Companies that use Project Bay
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles4 records
Project Bay technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Project Bay partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- ChateauBelacoreLuxury hotel partner offering Project Bay coworking and workation services. One of the premium hotel partners across the Project Bay network in Germany and Europe.
- Barefoot HotelscoreLifestyle hotel brand partner providing coworking and accommodation for Project Bay members. Featured on the main landing page as a key partner.
- UpstalsboomcoreGerman hotel and resort group partner. Upstalsboom provides physical spaces for Project Bay coworking operations across their hotel network.
- Holiday InnminorGlobal hotel chain partner offering Project Bay coworking facilities at select Holiday Inn properties.
- Best WesternminorGlobal hotel chain partner offering Project Bay coworking facilities at select Best Western properties.
- Radisson BluminorPremium hotel brand partner offering Project Bay coworking spaces at select Radisson Blu locations.
- MariandlminorHotel partner providing Project Bay coworking and workation services.
- ArconaminorGerman hotel group partner offering Project Bay coworking facilities at their properties.
- Beech Resort FleesenseeminorResort partner in the Fleesensee region providing Project Bay coworking and accommodation services.
- pxtracoreGerman employee benefit platform with maximum individuality. Project Bay membership is offered as a benefit through the pxtra platform, allowing employees to access workation memberships via their employer benefit package.
- CircleCubecoreB2B partner distributing Project Bay corporate memberships through their business/benefit ecosystem.
- fmcoreB2B employee benefit partner offering Project Bay workation memberships as part of their corporate benefit portfolio.
- NUNOScoreB2B benefit platform partner distributing Project Bay corporate workation memberships.
- TLVminorB2B partner (TLV_h_d) shown on partnership page, distributing Project Bay corporate memberships.
- Makerport Stralsund (Digitalisierungszentrum)coreProject Bay Lietzow serves as the physical location for a Digitalisierungslotsin (digitization liaison) as part of the 'Digitales MV' program. This is one of six digitalization centers in Mecklenburg-Vorpommern, funded by ESF Plus and EFRE (European Social Fund Plus and European Regional Development Fund). The partnership supports digital skills development in rural regions.
Scale indicators4 records
Recent moves9 records
Expansion highlights6 records
Project Bay competitors and assessment
Company assessmentBroad incumbents
- Mindspace: Mindspace operates premium flexible office and coworking space across Europe targeting corporates and freelancers. Overlaps with Project Bay on the coworking side but is a broader-office incumbent without workation accommodation bundles.
- Industrious: Industrious is a premium coworking and flexible office provider with enterprise-grade offerings across the US, UK, and EU. Adjacent incumbent in coworking infrastructure, comparable on workplace quality but lacks workation lodging bundles.
Direct peers
- Outsite: Outsite provides curated shared and private workation accommodation in premium destinations with a community app and membership program. Closely mirrors Project Bay's member-based, multi-location remote-work-stay concept with strong community emphasis.
- Anyplace: Anyplace offers fully equipped remote-work apartments in workation destinations with month-long stays targeted at digital nomads and remote employees. Comparable as a curated, work-ready extended-stay booking experience at inspiring locations.
- Selina: Selina operates a global network of workation-focused hotels combining accommodation, coworking, and community programming for digital nomads. Most direct comparable to Project Bay's blended lodging + coworking subscription model, though Selina is asset-heavier and global in scope.
- Flatio: Flatio is a European-focused mid-term rental marketplace (30+ day stays) without a deposit, serving remote workers relocating or taking extended workations. Similar mid-stay demographic and European footprint to Project Bay, though without bundled coworking.
- Selina Coliving: Selina's co-living and community programming segment for digital nomads directly parallels Project Bay's community app and Circles concept. Secondary reference under the same parent brand, included as thematic overlap rather than distinct entity.
Emerging players
- Hofy: Hofy provides European remote-work infrastructure including equipment delivery, coworking access, and home-office setups for distributed teams. Comparable B2B remote-work benefits layer that often bundles coworking access similar to Project Bay's FlexTeam offering.
- Workmotion: Workmotion is a Berlin-based global HR/Employer-of-Record platform helping companies hire and manage remote employees across 150+ countries. Comparable on the German origin and remote-work/B2B HR angle; intersects Project Bay's enterprise workation benefit lane rather than direct accommodation competition.
- CoHome: CoHome curates coliving and coworking apartments in inspiring destinations for remote workers and founders in Europe. Emerging niche player comparable to Project Bay on curated remote-work stays with community, but at smaller scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Project Bay social profiles
Digital presenceProject Bay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Project Bay leadership team
Management profileNumber of profiles
Profiles12 records
Project Bay funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Project Bay 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 Project Bay
What does Project Bay do?
Project Bay operates a multi-location workation platform combining fully equipped coworking spaces with hotel accommodation at 20+ premium destinations across Germany and Europe (Rügen, Sylt, Mallorca, Garda, etc.). Its primary offerings are individual workation bookings, structured team retreat packages for corporate groups, a €999/month Bay Membership subscription granting unlimited location access, a virtual office business address service on Sylt and Rügen starting at €39/month, and a hotel partnership program that converts underutilized hotel space (50–250 m²) into managed coworking facilities.
Is Project Bay a public or private company?
Project Bay is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Project Bay founded?
Project Bay was founded in 2020. It employs 1 to 10 people.
Where is Project Bay based?
Project Bay is headquartered in Mecklenburg, Germany, in the Europe region.
How does Project Bay make money?
Four revenue lines are on record. BAY Membership Subscription is the primary driver. The others are team Workation Packages, virtual Office Service and hotel Partnership & Coworking Space Management.
Who are Project Bay's main competitors?
Broad incumbents on record are Mindspace and Industrious. Direct peers are Outsite, Anyplace, Selina, Flatio and Selina Coliving. Emerging players are Hofy, Workmotion and CoHome.
Does Project Bay have an API?
No public API is recorded for Project Bay.
What industry is Project Bay in?
Project Bay's product category is Coworking & Workation Services. Its primary akta.pro industry code is THAMAFAA, Corporate Extended-Stay Housing (Relocation & Project-Based). Its NAICS code is 7211 and its SIC code is 7000.