MINT HOUSE RAISES $35 MILLION SERIES B TO ACCELERATE ITS ROADMAP AND PRODUCT EXPANSION AND TRANSFORM HOSPITALITY

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Founded in 2017, Mint House is transforming the traditional hospitality industry and pioneering a new category of hospitality by providing technologically advanced, forward-thinking spaces that offer the conveniences and conveniences of home with the service, consistency and reliability of an upscale hotel. Hotel. Mint House currently operates 22 properties in 14 markets, including Mint House at 70 Pine – New Yorkwhich was recently rated the #1 hotel in the United States by TripAdvisor, and the #1 rated four-star hotel in Miami, Nashville and Greenville on Booking.com. Mint House pursues an asset-driven operating strategy guided by long-term management agreement structures that differentiate its business model from traditional leases.

“We are entering a trillion-dollar global hospitality market, transforming a traditional hospitality industry that has historically been low-tech and fraught with consumer friction,” said Will Lucas, Founder and CEO of Mint House. “Secular megatrends, including ‘work from anywhere’ and the mixing of business and leisure travel, are driving an explosive demand for flexible apartment-style accommodations instead of traditional hotel rooms. It is necessary for a premium branded operator to deliver quality, security and reliability to meet this demand. Our properties outperform their premium hotel counterparts in all financial and customer metrics, and we are the hospitality partner of choice for corporate with over 400% growth in corporate partnerships over the past year. While delighting our customers, we deliver significant value creation for our owners, often doubling the revenue those owners received before Mint was founded. House.” With this funding, led by Mohari Hospitality, we look forward to accelerating our product roadmap and market expansion.

Allen SmithManaging Partner of Mohari Hospitality, said: “Mint House is a true disruptor in the hospitality industry, redefining the boundary between hospitality and short-term rentals. The growth of the business in recent years demonstrates the demand for this new concept of modern luxury, It is an exciting time for Mohari to invest in Mint House and I look forward to joining the board as Mohari continues expand our portfolio of premier hotel investments. “

“As the former CEO of Four Seasons, Allen led the first luxury hospitality brand and we are thrilled he will bring that expertise to Mint House, the first next-generation hospitality brand,” said Savage Rodboard director of Mint House and managing partner of Revolution Ventures, which led Mint House Series A. “Mint House offers what today’s traveler wants: the amenities and services of a luxury hotel with the modern design, space and comfort of apartment-style living, all in convenient locations. Allen’s unparalleled experience with the Four Seasons combined with Mohari’s leadership as a hotel investor will amplify Mint House as a leader in its category.

About the mint house
Mint House transforms the traditional hotel model and creates a new category of accommodation that fundamentally transforms the way we live, work and play away from home, all powered by technology. Mint House’s award-winning properties are thoughtfully designed with full kitchens, expansive living areas and connected workspaces in prime downtown locations, offering a new kind of stay that’s smarter and more comfortable than a traditional hotel and delivering the personalized service and consistency that travelers have come to expect. Mint House’s proprietary technology stack and mobile model delivers a seamless, feature-rich guest experience, including mobile check-in and keyless entry, pre-stocked groceries, 24-hour digital concierge services 24/7, on-demand fitness, smart thermostats and shopping areas. . For more information, visit minthouse.com and follow @staymint on Instagram.

About Mohari Hospitality
Mohari Hospitality, founded in 2017 by an entrepreneurial investor Mark Scheinberg, is a global investment firm engaged in a broad range of real estate investment activities, with a focus on luxury hospitality in key urban and resort markets. Mohari’s investments include equity and debt in development and operating assets and Mohari invests both independently and with partners. Mohari’s existing investments include the 2,200-acre Papagayo Peninsula in Costa Rica, whose mainstay is a luxury Four Seasons resort; The Ritz-Carlton Yacht Collection; Canalejas Center in Madridhome to the first Four Seasons branded hotel in Spain; the Waldorf Astoria in Miami; 1 Hotel Toronto; Riviera Dining Group and the Homewood Mountain Resort in Lake Tahoe. Mohari seeks to protect the cultural heritage and natural environments of all areas related to its projects and is committed to identifying and contributing to philanthropic projects in each location where it operates. Additional information can be found at moharihospitality.com.

SOURCE Mint House

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