The round was led by Camber Creek, with participation from Revolution’s Rise of the Rest Seed Fund, Mendacre, MetaProp, Vornado/Charles E. Smith (predecessor to JBG SMITH Properties), Working Lab Capital, Mitchell Schear, and other real estate executives.
The company intends to use the funds to launch hotels in the pipeline as well as source talent for upcoming projects across major U.S. cities.
Led by Bao Vuong, President and Co-founder, WhyHotel operates 100 to 250 room pop-up hotels with 24/7 on-site staff in newly built, luxury apartment buildings. The company offers long-term renters in the building the benefit of an on-site hotel to host their friends and family at rates that are half the price of booking with a traditional hotel. The WhyHotel experience is supported by round-the-clock, on-site hospitality staff.
After a successful run at The Bartlett in D.C. and in conjunction with the new funding round, the company has launched its newest pop-up venture in Baltimore’s Downtown/Inner Harbor area. In partnership with Monument Realty, the 150+ unit property is located at 225 North Calvert Street.
FinSMEs
07/06/2018