Alternative accommodations startup WhyHotel has closed on
$10 million in Series A funding.
The funding round, which was led by Highland Capital
Partners, comes as WhyHotel prepares to open three pop-up hotels next year.
Launched in 2017, WhyHotel partners with real estate
developers to open temporary hotels in new apartment buildings. The concept
promises guests a luxury home rental-style stay, while providing access to
amenities like gyms, pools and rooftops and a 24/7 on-site hospitality and
security team.
WhyHotel has also positioned itself as an amenity to
building residents, offering them discounted room nights for family and friends
and access to WhyHotel's cleaning services.
WhyHotel's latest outposts will be located in Northern
Virginia, including up to 175 WhyHotel units at Ballston Quarter, up to 150
units at Centro Arlington and up to 150 units at The Boro in Tysons. All three
pop-ups are slated to open throughout 2019.
According to a company spokesperson, the hotels will be
priced in line with WhyHotel's existing Washington D.C. pop-up, which typically
books for roughly $150 to $200 per night for a one-bedroom unit.
In addition to the D.C. location, WhyHotel had previously
operated a pop-up hotel in Baltimore.