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Mint House acquires Locale to expand residential hospitality offer
Reading Time: < 1 minuteUS: Flexible living operator Mint House has acquired residential hospitality company Locale. The transaction includes both cash and stock with Mint House investors supporting the deal through the investment of additional capital. Locale’s properties will be rebranded and integrated into Mint House’s portfolio, bringing the company to a total of 22 properties in 13 US […]
Locale raises $11m in Series A funding round
Reading Time: 2 minutesUS: Austin-based upscale aparthotel brand Locale has announced that it has raised $11 million in Series A funding. The round was headed up by Amplo, with participation from Susa Ventures and Metropolis Capital Partners. The latest round brings the firm’s total funding to date to $14 million. Locale, founded in 2016, aims to convert apartments […]
Locale to expand property footprint in Texas
Reading Time: 2 minutesUS: Aparthotel firm Locale is expanding its footprint in Texas with newly signed leases across five luxury residential buildings in Dallas and Fort Worth. The Dallas and Fort Worth units are scheduled to be available in early September. The addition of two new markets will take the number of units the Austin-based startup operates to […]
Locale secures $2.5m in Seed Round funding
Reading Time: 2 minutesTexas: Austin-based apart-hotel brand Locale has announced it has secured $2.5 million in Seed Round funding led by Amplo and Susa Ventures. It represents Locale’s first funding round since the company’s launch in Austin in late 2016. Since then, Locale has expanded to Houston and Nashville, where it now leases and manages more than 150 furnished apartments for short and extended stays. With the additional […]