Hotel Startup Mint House Raises $35 Million to Target Business Travelers

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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.