Mint House

Mint House is a residential hospitality operator that provides apartment-style accommodations positioned between traditional hotels and short-term rentals. Its properties are designed with full kitchens, expansive living areas and connected workspaces in downtown locations, and combine home-style space with hotel-level service and consistency. Guest-facing features include mobile check-in and keyless entry, pre-stocked groceries, 24/7 digital concierge service, on-demand fitness, smart thermostats and shoppable rooms.

Founded in 2017 and headquartered in New York, the company operated 22 properties across 14 markets as of May 2022, including Mint House at 70 Pine in New York City. Destination and property pages have listed locations such as Dallas, Denver, Greenville, Menlo Park, Miami, Nashville (including The Eighteen by Mint House and Note by Mint House), New York, Philadelphia, Birmingham, St. Petersburg, Tampa and Washington, D.C., alongside stay options for groups and events and long-term stays, plus a business/corporate program and real estate partnership offering.

Mint House has since become part of Kasa: the company's site states that select properties and brand assets are transitioning to Kasa and that Mint House properties are now fully operated by Kasa, with reservations, guest support and tools such as Kasa's Virtual Front Desk handled by Kasa."]

Business model

Mint House pursues an asset-light operating strategy built on long-term management agreements with property owners rather than traditional leases, positioning itself as a branded premium operator of apartment-style accommodations. The company has stated it delivers value to property owners by increasing property income relative to pre-Mint House performance.

Revenue comes from guest stays at Mint House-branded apartment-style properties, including short and extended/long-term stays, group and event bookings, and corporate accounts, under management agreements with the owners of the underlying real estate.

Traction

Mint House reported revenue growth of over 200% in 2021, a tripling of its property count over the two years to May 2022, and over 400% growth in corporate partnerships in the prior year. It operated 22 properties in 14 markets as of May 2022 and had raised more than $80 million in funding to that date.

Latest developments

Mint House properties are now fully operated by Kasa, with select properties and brand assets transitioning to Kasa. New reservations are made through Kasa, guest support is provided by Kasa's Guest Experience team, and group, corporate, meeting and events inquiries are routed to Kasa contacts.