Hotel Startup Mint House Raises $35 Million to Target Business Travelers
Photo Caption: Image of a Mint House property in Denver. Source: Mint House.
Skift Take
Mint House reports some eye-popping performance metrics comparable to premium hotel brands. No wonder Allen Smith, the former CEO of Four Seasons Hotels & Resorts, has joined the startup's board.
Mint House is seeking a back door to Airbnb's market with a business travel focus. The New York-based startup is making apartment-style lodging with hotel-like amenities popular with corporate workers who would otherwise stay at an "upper-upscale" hotel brand such as W, Westin, or Omni.
On Wednesday, hotel and restaurant investor Mohari Hospitality said it had led a $35 million Series B round of financing.
"We're a hospitality company that's translating the upscale hotel experience — the Ws, Westins, and Omnis of the world — into apartment-style lodging," said Will Lucas, founder and CEO. "Our margins last year were in the 60s last year, while the
