Rapid expansion comes at a price. Knotel, one of WeWork’s biggest threats, racked up an EBITDA loss of $24.1 million on $17.6 million in revenues between January and July, according to internal numbers obtained by The Real Deal. The company’s operating loss stood at $11.6 million. Founded in 2016, Knotel expanded from just 200,000 square feet of office space under management at the beginning of 2017 to 1.7 million square feet today. At the end […]
source https://therealdeal.com/2018/10/24/knotel-is-weworks-fiercest-rival-here-are-its-internal-numbers/
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