Lyric to Shutter Up as Boss Switches Focus to Hospitality Software Startup

November 15, 2020

It’s no secret that the short-term accommodation sector was hit particularly hard by the pandemic. One company has given up on the fight and is switching gears to software development as its boss redirects his expertise to match the current market climate. 

Airbnb-backed short-term apartment rental startup, Lyric, is shutting its doors after it finalizes switching its last location to its competition, Mint House. 

CEO and Founder, Andrew Kitchell, says that he’s switching his attention to a hospitality software company he started back in 2014. Called Wheelhouse, this startup focuses on short-term rental operators instead of the properties, themselves. 

Kitchell assured that the Lyric operations will be handed over to Mint House seamlessly, along with its best properties and team members. 

This isn’t the only accommodation startup that’s had to shutter up because of the pandemic. Back in September, we reported on HubHaus, which was hit hard because of lockdown orders and quarantine. 

November 15, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Kleinanzeigen house search
Kleinanzeigen Introduces Map-Based Real Estate Search

Kleinanzeigen has introduced a map-view property search function to its real estate vertical. The feature is available on desktop and...

Read More
Swiss Marketplace Group Boardroom 1
TX Group AG Increases SMG Stake to 34.9%

TX Group AG has acquired 3,426,731 registered shares of SMG Swiss Marketplace Group, increasing its stake from 31.4 to 34.9...

Read More
Product Roundup 18Sept 2
People Roundup: CoStar Group, BCG, immobilien.de, Allhomes

We have a People Roundup for you this week, starting in the United States...   North America: CoStar Group appoints...

Read More
zillow and realtor.com 3
Zillow Preview goes to Realtor.com

Zillow Preview listings are now live on Realtor.com, offering the same early access on the two most-visited real estate platforms...

Read More

Editor's Pick