#PropTech / Uber’s Kalanick Pours $130M Into Ghost Kitchen Properties

In making his new ghost kitchens startup CloudKitchens, ex-Uber Co-founder Travis Kalanick has become something of a real estate mogul, buying up 40 properties in two dozen cities…

The properties, including closed restaurants, body shops and warehouses and are in cities including Portland, Oregon; Las Vegas, Nevada; Columbus, Ohio; and Nashville, Tennessee. The concept behind CloudKitchens involves renting out space to businesses to prepare food for delivery.

Delivery-only kitchens have been around for years, though, attracting investor interest over the prospect of trying to replicate the success of the co-working industry and subleasing real estate.

https://www.pymnts.com/news/delivery/2020/ubers-kalanick-pours-130m-into-ghost-kitchen-properties