Mint House, a residential hospitality operator of long- and short-term accommodations, has acquired Locale, a top player in the residential hospitality industry. Marking a pivotal moment for Mint House, the deal will drive operational scale and solidify its position as the preferred choice for both travelers seeking high-quality accommodation and multifamily owners wanting to maximize building profitability.
“The alternative lodging sector is at an inflection point, and, as we kick off 2025, we see this as a timely and strategic opportunity to scale,” says Christian Lee, CEO of Mint House. "Locale shares Mint House’s focus on a premium hospitality offering in high-end multifamily properties. This combination will leverage the strengths of both companies to drive greater scale, efficiency, and an enhanced offering for all guests. It also positions us as the premier partner for multifamily developers looking to maximize building profitability.”
Founded in 2016, Locale has built a strong reputation for offering thoughtfully designed accommodations that bridge the gap between hospitality and residential living.
“From day one, our mission at Locale was to provide exceptional, tech-driven stays in premium multifamily and apart-hotel properties,” says Nitesh Gandhi, founder and CEO of Locale. “Mint House shares that same high standard, and I’m thrilled to join as a senior adviser to help drive growth and deepen our category leadership.”
In addition to the acquisition, Mint House is expanding its footprint with new openings this year. The company recently launched its fourth location in Nashville, Tennessee, at Marathon Village and will open its first location in Washington, D.C. in the spring. Locale’s acquisition adds to this growth, with planned openings in existing and new markets such as Menlo Park, California; Madison, Wisconsin; and Phoenix.
Locale’s properties will be rebranded and integrated into Mint House’s portfolio, bringing the company to a total of 22 properties in 13 markets, across the nation, including Austin, Texas; Dallas-Fort Worth; Denver; Greenville, South Carolina; Houston; Madison; Miami; Nashville; New York City; Philadelphia; Phoenix; and St. Petersburg, Florida.
As part of the transaction, all Locale employees will join Mint House. The transaction consideration includes both cash and stock, and Mint House investors are supporting the deal through the investment of additional capital.
