Kasa, a property management company combining hotels and apartment accommodations, is taking over Mint House properties across the U.S. as part of a strategic combination.
Commercial terms have not been disclosed, but in addition to expanding Kasa’s portfolio, the deal creates scale and cost efficiencies for the company.
Mint House has almost 1,000 units in destinations including New York City, Washington D.C., Dallas and Tampa.
“This is an exciting opportunity to bring the strong teams and capabilities from both organizations onto a unified Kasa platform,” said Roman Pedan, founder and CEO of Kasa.
”We expect our combined scale to deliver meaningful operating efficiencies and stronger commercial outcomes for owners.”
It has been a bumpy ride for alternative accommodation in recent months, particularly the tech-driven hospitality concepts that were launched in the years before the pandemic. Sonder got a lifeline from Marriott in August 2024, before announcing in November 2025 that the deal was off. Selina filed for bankruptcy in July 2024, and about two thirds of its properties were branded Socialtel after Collective Hospitality acquired Selina.
Christian Lee, CEO of Mint House, will join Kasa as a senior advisor to support the transition and help owners and partners.
“Kasa and Mint House have always been aligned in our asset-light models and guest-centric operating philosophy,” said Lee. “Our shared focus on operational excellence is why we chose Kasa for this transaction and our close collaboration will ensure a smooth transition. We believe this transaction will drive further benefits to all properties that are part of the Kasa portfolio.”
Mint House acquired apart-hotel brand Locale in 2025 for an undisclosed sum. The acquisition brought the company’s portfolio to 22 properties, and Lee described the deal as “a timely and strategic opportunity to scale.” The company raised $35 million in 2022.
Kasa, which operates 85 properties across the U.S., recently landed funding of $40 million, which it said would be invested in technology including artificial intelligence.