Griffin Serves as Exclusive Financial Advisor to Mint House

Overview

Founded in 2017, Mint House is a premium residential hospitality operator of nearly 1,000 units across the United States. The company provides tech-forward, contactless accommodations for business and leisure travelers, offering furnished units with curated amenities and personalized guest experiences across short- and long-term stays. Mint House has been recognized for its business travel properties and sustainability initiatives and has built a strong brand presence in premier U.S. markets including New York, Washington, D.C., Nashville, Dallas and Tampa.

Situation

In less than a decade, Mint House had established itself as a category leader in residential hospitality. The company’s leadership sought a strategic combination to leverage scale and platform capabilities and maximize operating efficiency across its nationwide portfolio.

Solution

Mint House engaged Griffin Financial Group as its exclusive financial advisor in its strategic combination with Kasa, a leading hotel and apart-hotel brand and manager. The transaction brings together two complementary organizations with shared asset-light models and guest-centric operating philosophies, and positions the Mint House brand for continued growth through Kasa’s property management platform, technology infrastructure and combined scale. As part of the transaction, Mint House’s properties across premier U.S. markets will be integrated into Kasa’s platform.

Griffin is a boutique investment bank with a national Property Management practice. The Griffin team has advised on a number of recent market-shaping transactions in this sector. As an industry leader, we have deep expertise across the spectrum of property management end markets, including HOA and Community Association Management, Single-Family Rental Management, Multi-Family Rental Management, and Short-Term Rental and Hospitality Management. Our professionals provide a comprehensive suite of services to property management companies and their owners, including M&A advisory (sell-side and buy-side), recapitalizations, capital raise advisory and strategic consulting. Examples of recent transactions are linked below.

For more information, contact Thomas Hill, Senior Managing Director, at 610.478.2034.