Medici Living Group has exited co-living spinoff Quarters through a purchase by Habyt, shortly after shutting the brand’s US operations earlier this year.
Germany-based co-living space provider Habyt has acquired Quarters, a local competitor spun off by co-living space operator Medici Living Group, for an undisclosed amount.
Founded in 2012 as a subsidiary of Medici Living Group, Quarters operates apartments located in cities across Germany and the Netherlands that come with amenities and co-working areas and which can be booked on a flexible basis.
Quarters recently underwent a self-administered restructuring process for its Europe-based operations having filed for bankruptcy in the United States…
