ALO - Alloggio Group

[System]

Alloggio Group is a leading operator of short-term rental accommodation (STRA) on the east coast of Australia with a current portfolio of over 879 holiday properties and 13 mid-market hotels which comprise of 428 hotel rooms.

Alloggio has developed its own scalable cloud-based technology platform using a combination of proprietary internally-developed software and technologies combined with licensed third-party software. The Company’s cloud-based technology platform has a range of functionalities which includes, property management solutions, data analytics to provide dynamic pricing across its holiday property and mid-market hotel portfolio and providing the traveller with a seamless experience from search to booking to check-in to check-out.

Alloggio utilises its cloud-based technology platform to operate its two key business divisions:

1. Holiday property management – An end-to-end management solution for holiday property owners offering STRA in popular tourism destinations
2. Mid-market hotels – Leasing and operation of mid-market hotels

It is anticipated that ALO will list on the ASX on 29 November 2021.

Alloggio | Holidays Homes Australia - Accommodation & Hotels

Alloggio is a leading operator of short-term rental accommodation (STRA) in Australia. We operate through two business divisions – Holiday Property Management and Mid-market Hotels.

www.alloggio.com.au

 

[Dona Ferentes]

Listing date	29 November 2021 12:30 PM AEDT ##
Contact details	https://www.alloggio.com.au/ Ph: +61 2 4047 9987
Principal Activities	Alloggio provides short term rental accommodation in Australia and has a current portfolio of over 879 holiday properties and 13 mid-market hotels which it manages.
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	ALO
Capital to be Raised	$16,500,000
Expected offer close date	15 November 2021
Underwriter	Bell Potter Securities Limited and On-Market Bookbuilds Pty Limited (Joint underwriters/Lead Managers)

 

[greggles]

A bad day to list on the ASX. ALO down 15% on its first day as a listed company. Ouch!

 

[peter2]

The last few months has seen the share price of this new listing rise significantly.

 

[System]

On September 7th, 2023, Alloggio Group Limited (ALO) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between ALO and its shareholders in connection with the acquisition of all the issued capital in ALO by Next Capital Pty Limited's nominee, ALO Bidco Pty Ltd.