Alloggio Group Limited (ASX:ALO) acquired A Perfect Stay Pty Ltd for AUD 11 million on December 1, 2022. The purchase price of AUD 11 million will be paid as AUD 7.2 million paid on simultaneous exchange and completion of the sale agreement; AUD 1.8 million retention payment, payable 16 weeks post completion, subject to adjustment for net lost properties under management; and AUD 2 million earnout payment, payable in two tranches at 6 months and 12 months post completion, subject to reduction if certain key milestones are not met including A Perfect Stay achieving Gross Booking Value of at least AUD 25.1 million by December 1, 2023. Alloggio will fund the Acquisition from existing cash reserves and available debt facilities. A Perfect Stay will continue to be overseen by the existing management team and supported by Alloggio.

Alloggio Group Limited (ASX:ALO) completed the acquisition of A Perfect Stay Pty Ltd on December 1, 2022.