Mint House Expands Portfolio with Locale Acquisition

Mint House, a leader in tech-driven short- and long-term accommodations, has acquired apart-hotel brand Locale for an undisclosed amount. The acquisition expands Mint House’s portfolio to 22 properties across 13 U.S. markets, including upcoming openings in Washington, D.C., and Phoenix.

The deal includes a mix of cash, stock, and additional investment from Mint House’s backers. The company described the acquisition as a key milestone in its growth strategy, enhancing operational scale and strengthening its position in the alternative lodging sector.

“As we enter 2025, the alternative lodging market is at a turning point. This acquisition allows us to scale strategically,” said Mint House CEO Christian Lee. “Locale shares our commitment to premium hospitality in high-end multifamily properties. By combining forces, we can enhance efficiency, expand our offerings, and become the premier partner for multifamily developers seeking to maximize profitability.”

Founded in 2016, Locale focused on tech-driven stays in premium multifamily properties. Its founder and CEO, Nitesh Gandhi, will join Mint House as a senior advisor. “Mint House shares our high standards for quality and innovation. I’m excited to help drive further growth and category leadership,” Gandhi said.

Locale’s properties will be rebranded under Mint House, and its team will integrate into the company.

Mint House has raised $35 million in Series B funding (2022) and $15 million in Series A (2019). Locale previously secured $11 million in Series A funding (2020) following a $2.5 million seed round.

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Mint House Expands Portfolio with Locale Acquisition

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