Dallas real estate developer, billionaire Craig Hall, has joined the board and participated in an $11.3m financing round in co-working operator Serendipity Labs, according to a filing made by the company on Monday. The investment was led by Hall along with his wife, Nancy Hall. Serendipity does have a lengthy roadmap for growth, with over 100 projects in the pipeline over the next few years. Serendipity reportedly has 100 locations in its development pipeline, and CEO John Arenas likened the firm's model to the hotel industry, looking to combine company-owned buildings in major cities and franchises in smaller markets.
Dallas real estate developer, billionaire Craig Hall, has joined the board and participated in an $11.3m financing round in co-working operator Serendipity Labs, according to a filing made by the company on Monday. The investment was led by Hall along with his wife, Nancy Hall. Serendipity reportedly has 100 locations in its development pipeline, and CEO John Arenas likened the firm's model to the hotel industry, looking to combine company-owned buildings in major cities and franchises in smaller markets.