Mint House Takes Over Lyric’s Remaining NYC Property
Tech-driven aparthotel start-up Mint House is taking over Lyric’s 70 Pine Street location in New York City’s financial district as…
Sonder Could Get $175M of New Capital As Backers Look to Protect Investment
Hospitality company Sonder is in talks for a cash infusion between $150 million and $175 million, according to a report…
Mini-Empires of Airbnb Properties Get Squeezed
In March, Airbnb lost $1.5 billion in canceled bookings according to AirDNA. Weekly Airbnb U.S. bookings through April dropped sharply.…
Airbnb Eyes Distressed Real Estate Assets in Battered Market
There has been a flurry of news that Airbnb is looking to raise more funds. There are plenty of suitors,…
Lyric Streamlines, Turns Focus to High-Performing Markets
San Francisco-based hospitality start-up Lyric is downsizing and restructuring its operation. The Airbnb-backed company is laying off 20% of its…
Kayak Enters Short Term Rental Space, Teams Up with Lyric
Travel search engine Kayak recently announced some major departures from their business model, including a partnership with short term rental…