Hotels are the more traditional and convenient way to stay when you travel, but short-term rentals like the ones found on Airbnb or HomeAway are often more comfortable. These are less easy to book and check-in, making the process more about personal preference and whether or not you want to put in the extra effort or just book that hotel room.
Business travelers often have to pick the best of two lousy options. Mint House is summed up best by Tige Savage, Revolution Venture managing partner: “Mint House is the best of a hotel without the worst of a hotel and the best of an Airbnb without the worst of an Airbnb.”
The New York-based Mint House announced a $15 million financing round led by Revolution Ventures, with participation from other investors and hotel industry veterans. The influx of capital and industry connections should go a long way in allowing the company to expand its offering that caters to business travelers looking for apartment-style accommodations with the predictability and reliability found in top-tier hotels.
Mint House is entering a crowded market dominated by Airbnb and monstrous industry incumbents. Mint House founder and CEO, Will Lucas, explained to TechCrunch how the company stands apart from hotels and short-term rentals. He said the company strives to provide the business traveler with a comprehensive hotel experience.
The service works a lot like a modern hotel. Travelers book online and proceed with their trip. Once the traveler arrives in the area or lands at the airport, a geofence is tripped, triggering directions to enter the building and room. The traveler doesn’t have to find someone to give them the key; their phone unlocks the door to an apartment-style room. Lucas says this takes a lot of stress off the property owner as the traveler does not need to bother anyone in the building — tenets or management alike.
Right now Mint House is focusing on markets in the U.S. besides the top markets of New York City, San Francisco and Los Angeles.
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