SlideShare a Scribd company logo
1 of 12
Download to read offline
CompanyOverview
Presentation
SEPTEMBER 2022
Confidential 2
Mint House – Company overview
Description Footprint
Growth strategy progression
Notes:
1. As of December 2022
• Founded in 2017, Mint House is an operator of tech-enabled
hotels and facilities providing superior lodging alternatives for
modern business and leisure travelers
• Headquarters in New York, NY and currently has ~145 employees
• Experiencing positive macro trends with a massive global
hospitality market ($800bn+ and growing), coupled with secular
megatrends (i.e., digital nomadism, preference for a contactless
model, etc.), which accelerate the Company’s penetration
• Operates in 16 markets1 with 100+ corporate partnerships
• Operates its properties via management agreements, an asset
light, SaaS-like model with ~80% gross margins, 100%+ net
revenue retention and minimal capex
• Over 50% of the Company’s bookings are direct (website or
corporate partnerships team) and 14% of bookings are repeat
customers
• Well-capitalized, strong investor base with a first-class board
NYC
Philadelphia
Greenville
New Orleans
Miami
Nashville
Louisville
Detroit
Columbus
Scottsdale
Denver
Austin
Minneapolis
Seattle
DC
Birmingham
Mint House is
currently operating
in 16 markets (with
26 properties)1 and
growing
2017-18
Small unit count in
individual buildings
2019
Larger unit count in multiple
buildings with same owner
2020-21
Multi building programmatic deals
with institutional partners
2022+
Multi building programmatic + development strategy
with institutional partners (Mint House manages)
Confidential 3
A better business model
Net Promoter Score (NPS) 1.9x Upper Upscale hotels
Four #1-ranked and eight top-4 ranked hotels
#1 Hotel in U.S. on TripAdvisor & Travelers’ Choice Best of the Best award winner
RevPAR outperformance 1.6x Upper Upscale hotels
with 1.8x higher margins
$800Bn global lodging market in 2019, growing to $968Bn in 2025
Hotel revenue grew 3.0x in 2021, projecting ~2.0x in 2022
and +120% Revenue CAGR from 2021-2025E
Branded hotel chains are franchise models, can’t force the hotel franchisees to change
Hotels built with old-format room types and legacy tech stacks
Management agreements = take-rate model
80%+ Gross Margin, asset-light, minimally capital intensive
2x Revenue / NOI increase when Mint House operates property, and hassle-free
Vastly superior
customer experience
1
Consistently outperform
traditional hotels
2
Disrupting a huge
TAM
3
Rapid growth
4
Barriers for incumbents
to compete
5
High-margin
business model
6
Compelling value
proposition for real
estate partners
7
Confidential 4
A better consumer experience
Smart and fully contactless with digitally delivered amenities
Instant check-in Find and unlock
your apartment
Pre-filled personal info Pre-order groceries 24/7 digital concierge
Confidential 5
A better place to stay
Long check-in lines, antiquated operating model
Cookie-cutter design
Small rooms, minimal in-room amenities
Seamless tech-enabled guest experience
Connected tech, thoughtful design
Full kitchens, living rooms, dedicated
workspace, washer dryer in unit
Mint House Traditional Hotels
Confidential 6
A better model, outperforming Upper-Upscale Hotel peers on every key metric
2021 RevPAR Index 2021 GOP Margin
2021 Occupancy
Net Promoter Score (NPS)
70%
37%
Mint House Upper Upscale
1.8 x
1.6 x
Mint House
vs Total US
Mint House
vs Upper Upscale
70%
48%
Mint House Upper Upscale
60%
37%
Mint House Upper Upscale
Miami
173% / 2.7x
133% / 2.3x
Confidential 7
A better value proposition to our real estate partners
Metric Comparison (per Unit)
Mint House Average Monthly
Revenue Outperformance
Mint House AGOP
Outperformance
Denver
156% / 2.6x
126% / 2.3x
Austin
141% / 2.4x
137% / 2.4x
Nashville
130% / 2.3x
77% / 1.8x
New York
72% / 1.7x
50% / 1.5x
Notes:
1. Per unit data, based on Mint House stabilized properties May - August 2021 actuals; excluded earlier part of the year due to pre-vaccine roll out
2. Mint House AGOP = GOP - Base Management Fees
3. Multifamily market rent/unit data from CoStar website and Mint House internal information
4. Multifamily GOP excludes property insurance, property taxes and management fees
5. Multifamily GOP margin per National Apartment Association 2020 Survey of Operating Income & Expenses in Rental Apartment Communities - All Market Rent
Properties Operating Income & Expense Data
$1,862
$3,050 $2,850
$1,706
$3,817
$4,489
$7,808 $7,774
$3,925
$6,564
Before Mint House
After Mint House
2.4x
2.6x 2.7x
2.3x
1.7x
Mint House Recent Performance vs. Multifamily: Average Monthly Revenue per Unit
Confidential 8
A better award-winning experience customers love
Mint House at The Reserve – Nashville
No. 1 four-star hotel
in Nashville on Booking.com
Mint House at Riverwalk – Greenville
No. 1 four-star hotel
in Greenville on Booking.com
Mint House at Miami – Downtown
No. 1 four-star hotel
in Miami on Booking.com
Mint House at 70 Pine – New York City
No. 1 ranked hotel in the U.S. on
TripAdvisor & No. 18 ranked hotel in the
world
Confidential 9
A better system that corporates are embracing, with 100+ corporate partnerships
Confidential 10
A best-in-class, deeply experienced management team
Samantha Greenberg
Chief Financial Officer
Former Portfolio Manager at
Citadel, Chief Investment
Officer at Margate Capital
Management, Partner at
Paulson & Co., and Vice
President at Goldman Sachs.
Paul Sacco
Chief Development Officer
Former Chief Investment Officer
of Driftwood Capital, Chief
Development Officer for TPG
Hotels and Head of
Development at Starwood
Hotels.
Patrick Grumley
Chief Operating Officer
Led portfolio operations and
strategy at Bridgeton Holdings,
former consultant for Bain &
Company, Naval Strike Officer
with an MBA from Cornell
University.
Maryssa Miller
Chief Product Officer
Former Head of Digital and
Customer Products at JetBlue
Airways, Vice President of E-
Commerce at Create the Group,
and other previous roles at
digital brands.
Confidential
Appendix
Confidential 12
Case Study
Mint House at 70 Pine – New York City
No. 1 Hotel in the U.S.
on TripAdvisor & Winner of the 2021
Travelers' Choice® Best of the Best
Awards for Hotels
Mint House Units: 163
135 studios
20 one-beds
8 two-beds
Annual Revenue: $15.4M1
First Unit Delivery:
November 2020
Notes:
1. Revenue includes recent opening of an additional floor at 70 Pine

More Related Content

What's hot

Pitch Deck Teardown: Gable's $12M Series A deck
Pitch Deck Teardown: Gable's $12M Series A deckPitch Deck Teardown: Gable's $12M Series A deck
Pitch Deck Teardown: Gable's $12M Series A deckHajeJanKamps
 
Pitch Deck Teardown: Fibery's $5.2M Series A deck
Pitch Deck Teardown: Fibery's $5.2M Series A deckPitch Deck Teardown: Fibery's $5.2M Series A deck
Pitch Deck Teardown: Fibery's $5.2M Series A deckHajeJanKamps
 
Pitch Deck Teardown: Wilco's $7 million Seed deck
Pitch Deck Teardown: Wilco's $7 million Seed deckPitch Deck Teardown: Wilco's $7 million Seed deck
Pitch Deck Teardown: Wilco's $7 million Seed deckHajeJanKamps
 
Pitch Deck Teardown: Ageras's $36M Private Equity deck
Pitch Deck Teardown: Ageras's $36M Private Equity deckPitch Deck Teardown: Ageras's $36M Private Equity deck
Pitch Deck Teardown: Ageras's $36M Private Equity deckHajeJanKamps
 
Diamond Standard Series A deck
Diamond Standard Series A deckDiamond Standard Series A deck
Diamond Standard Series A deckHajeJanKamps
 
Simba Chain pitch deck
Simba Chain pitch deckSimba Chain pitch deck
Simba Chain pitch deckHajeJanKamps
 
Pendo Series B Investor Deck External
Pendo Series B Investor Deck ExternalPendo Series B Investor Deck External
Pendo Series B Investor Deck ExternalTodd Olson
 
Pitch Deck Teardown: DeckMatch's $1M Seed deck
Pitch Deck Teardown: DeckMatch's $1M Seed deckPitch Deck Teardown: DeckMatch's $1M Seed deck
Pitch Deck Teardown: DeckMatch's $1M Seed deckHajeJanKamps
 
Pitch Deck Teardown: Careerist's $8M Series A deck
Pitch Deck Teardown: Careerist's $8M Series A deckPitch Deck Teardown: Careerist's $8M Series A deck
Pitch Deck Teardown: Careerist's $8M Series A deckHajeJanKamps
 
Pitch Deck Teardown: Super.com's $60M Series C deck
Pitch Deck Teardown: Super.com's $60M Series C deckPitch Deck Teardown: Super.com's $60M Series C deck
Pitch Deck Teardown: Super.com's $60M Series C deckHajeJanKamps
 
Pitch Deck Teardown: Unito's $20M Series B deck
Pitch Deck Teardown: Unito's $20M Series B deckPitch Deck Teardown: Unito's $20M Series B deck
Pitch Deck Teardown: Unito's $20M Series B deckHajeJanKamps
 
Transferwise: €56K VC investment turned into $3.5B. Transferwise's initial pi...
Transferwise: €56K VC investment turned into $3.5B. Transferwise's initial pi...Transferwise: €56K VC investment turned into $3.5B. Transferwise's initial pi...
Transferwise: €56K VC investment turned into $3.5B. Transferwise's initial pi...AA BB
 
Hive - Investor Deck
Hive - Investor DeckHive - Investor Deck
Hive - Investor DeckAlex Reed
 
The investor presentation we used to raise 2 million dollars
The investor presentation we used to raise 2 million dollarsThe investor presentation we used to raise 2 million dollars
The investor presentation we used to raise 2 million dollarsMikael Cho
 
Front App 10Million Series-A Funding
Front App 10Million Series-A FundingFront App 10Million Series-A Funding
Front App 10Million Series-A FundingPranav Divakar
 
Coinbase Pitch Deck designed by Zlides
Coinbase Pitch Deck designed by ZlidesCoinbase Pitch Deck designed by Zlides
Coinbase Pitch Deck designed by ZlidesZlides
 
TC+ Pitch Deck Teardown: Momentum
TC+ Pitch Deck Teardown: MomentumTC+ Pitch Deck Teardown: Momentum
TC+ Pitch Deck Teardown: MomentumHajeJanKamps
 
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deckPitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deckHajeJanKamps
 

What's hot (20)

Pitch Deck Teardown: Gable's $12M Series A deck
Pitch Deck Teardown: Gable's $12M Series A deckPitch Deck Teardown: Gable's $12M Series A deck
Pitch Deck Teardown: Gable's $12M Series A deck
 
Pitch Deck Teardown: Fibery's $5.2M Series A deck
Pitch Deck Teardown: Fibery's $5.2M Series A deckPitch Deck Teardown: Fibery's $5.2M Series A deck
Pitch Deck Teardown: Fibery's $5.2M Series A deck
 
Pitch Deck Teardown: Wilco's $7 million Seed deck
Pitch Deck Teardown: Wilco's $7 million Seed deckPitch Deck Teardown: Wilco's $7 million Seed deck
Pitch Deck Teardown: Wilco's $7 million Seed deck
 
Pitch Deck Teardown: Ageras's $36M Private Equity deck
Pitch Deck Teardown: Ageras's $36M Private Equity deckPitch Deck Teardown: Ageras's $36M Private Equity deck
Pitch Deck Teardown: Ageras's $36M Private Equity deck
 
Front Series B Deck
Front Series B DeckFront Series B Deck
Front Series B Deck
 
Diamond Standard Series A deck
Diamond Standard Series A deckDiamond Standard Series A deck
Diamond Standard Series A deck
 
Brex Pitch Deck
Brex Pitch DeckBrex Pitch Deck
Brex Pitch Deck
 
Simba Chain pitch deck
Simba Chain pitch deckSimba Chain pitch deck
Simba Chain pitch deck
 
Pendo Series B Investor Deck External
Pendo Series B Investor Deck ExternalPendo Series B Investor Deck External
Pendo Series B Investor Deck External
 
Pitch Deck Teardown: DeckMatch's $1M Seed deck
Pitch Deck Teardown: DeckMatch's $1M Seed deckPitch Deck Teardown: DeckMatch's $1M Seed deck
Pitch Deck Teardown: DeckMatch's $1M Seed deck
 
Pitch Deck Teardown: Careerist's $8M Series A deck
Pitch Deck Teardown: Careerist's $8M Series A deckPitch Deck Teardown: Careerist's $8M Series A deck
Pitch Deck Teardown: Careerist's $8M Series A deck
 
Pitch Deck Teardown: Super.com's $60M Series C deck
Pitch Deck Teardown: Super.com's $60M Series C deckPitch Deck Teardown: Super.com's $60M Series C deck
Pitch Deck Teardown: Super.com's $60M Series C deck
 
Pitch Deck Teardown: Unito's $20M Series B deck
Pitch Deck Teardown: Unito's $20M Series B deckPitch Deck Teardown: Unito's $20M Series B deck
Pitch Deck Teardown: Unito's $20M Series B deck
 
Transferwise: €56K VC investment turned into $3.5B. Transferwise's initial pi...
Transferwise: €56K VC investment turned into $3.5B. Transferwise's initial pi...Transferwise: €56K VC investment turned into $3.5B. Transferwise's initial pi...
Transferwise: €56K VC investment turned into $3.5B. Transferwise's initial pi...
 
Hive - Investor Deck
Hive - Investor DeckHive - Investor Deck
Hive - Investor Deck
 
The investor presentation we used to raise 2 million dollars
The investor presentation we used to raise 2 million dollarsThe investor presentation we used to raise 2 million dollars
The investor presentation we used to raise 2 million dollars
 
Front App 10Million Series-A Funding
Front App 10Million Series-A FundingFront App 10Million Series-A Funding
Front App 10Million Series-A Funding
 
Coinbase Pitch Deck designed by Zlides
Coinbase Pitch Deck designed by ZlidesCoinbase Pitch Deck designed by Zlides
Coinbase Pitch Deck designed by Zlides
 
TC+ Pitch Deck Teardown: Momentum
TC+ Pitch Deck Teardown: MomentumTC+ Pitch Deck Teardown: Momentum
TC+ Pitch Deck Teardown: Momentum
 
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deckPitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck
Pitch Deck Teardown: Scalestack's $1M AI sales tech Seed deck
 

Similar to Pitch Deck Teardown: Mint House's $35M Series B deck

Sonder | Series D Deck
Sonder | Series D DeckSonder | Series D Deck
Sonder | Series D DeckEmilyAnnHodges
 
Hotel pricing in a post-parity world - Duetto webinar slides
Hotel pricing in a post-parity world - Duetto webinar slidesHotel pricing in a post-parity world - Duetto webinar slides
Hotel pricing in a post-parity world - Duetto webinar slidestnooz
 
Series D Deck | Sonder
Series D Deck | SonderSeries D Deck | Sonder
Series D Deck | SonderEmilyAnnHodges
 
Perspective on Innovation in Asset Management
Perspective on Innovation in Asset ManagementPerspective on Innovation in Asset Management
Perspective on Innovation in Asset ManagementThierry Zois
 
PROS_Pricing_Propositions-Personnalisées-Homogènes
PROS_Pricing_Propositions-Personnalisées-HomogènesPROS_Pricing_Propositions-Personnalisées-Homogènes
PROS_Pricing_Propositions-Personnalisées-HomogènesChristophe Megevand
 
How to Automate Low Touch Customer Success
How to Automate Low Touch Customer SuccessHow to Automate Low Touch Customer Success
How to Automate Low Touch Customer SuccessGainsight
 
Demystifying Faster Payments – Separating Hype from Reality
Demystifying Faster Payments – Separating Hype from RealityDemystifying Faster Payments – Separating Hype from Reality
Demystifying Faster Payments – Separating Hype from RealityNasreen Quibria
 
Making support the competitive differentiator
Making support the competitive differentiatorMaking support the competitive differentiator
Making support the competitive differentiatorLala Mamedov
 
Central Payment; Power Point Presentation
Central Payment; Power Point PresentationCentral Payment; Power Point Presentation
Central Payment; Power Point PresentationPeter Bisconti
 
How to make your company disruptive and a threat to big firms. The case of Kr...
How to make your company disruptive and a threat to big firms. The case of Kr...How to make your company disruptive and a threat to big firms. The case of Kr...
How to make your company disruptive and a threat to big firms. The case of Kr...Miguel Ángel Trujillo
 
A journey from Vision to product
A journey from Vision to productA journey from Vision to product
A journey from Vision to productRitesh Mehrotra
 
Rich Knudsen Dynamic Booking Results How I Work In 60 Selling Minutes
Rich Knudsen Dynamic Booking Results How I Work In 60 Selling MinutesRich Knudsen Dynamic Booking Results How I Work In 60 Selling Minutes
Rich Knudsen Dynamic Booking Results How I Work In 60 Selling MinutesRich Knudsen
 
Tech Driven MSBs - No Longer Optional
Tech Driven MSBs - No Longer OptionalTech Driven MSBs - No Longer Optional
Tech Driven MSBs - No Longer OptionalMark Alocilja, P.Eng.
 
FINTECHS & CORONA; WHICH FINTECH WILL GROW IN POST CORONA ERA by GÖRKEM ÇOKÇETİN
FINTECHS & CORONA; WHICH FINTECH WILL GROW IN POST CORONA ERA by GÖRKEM ÇOKÇETİNFINTECHS & CORONA; WHICH FINTECH WILL GROW IN POST CORONA ERA by GÖRKEM ÇOKÇETİN
FINTECHS & CORONA; WHICH FINTECH WILL GROW IN POST CORONA ERA by GÖRKEM ÇOKÇETİNMustafa Kuğu
 
CREATING CUSTOMER-CENTRIC PRODUCTS USING BIG DATA - KRITI SHARMA
CREATING CUSTOMER-CENTRIC PRODUCTS USING BIG DATA - KRITI SHARMACREATING CUSTOMER-CENTRIC PRODUCTS USING BIG DATA - KRITI SHARMA
CREATING CUSTOMER-CENTRIC PRODUCTS USING BIG DATA - KRITI SHARMABig Data Week
 
Hts mybill e-2010_web_ingles
Hts mybill e-2010_web_inglesHts mybill e-2010_web_ingles
Hts mybill e-2010_web_inglesjosesmeke
 
Time for Real Time?
Time for Real Time?Time for Real Time?
Time for Real Time?Vivastream
 

Similar to Pitch Deck Teardown: Mint House's $35M Series B deck (20)

Sonder | Series D Deck
Sonder | Series D DeckSonder | Series D Deck
Sonder | Series D Deck
 
Sonder Series D Deck
Sonder Series D DeckSonder Series D Deck
Sonder Series D Deck
 
Sonder
SonderSonder
Sonder
 
Hotel pricing in a post-parity world - Duetto webinar slides
Hotel pricing in a post-parity world - Duetto webinar slidesHotel pricing in a post-parity world - Duetto webinar slides
Hotel pricing in a post-parity world - Duetto webinar slides
 
Series D Deck | Sonder
Series D Deck | SonderSeries D Deck | Sonder
Series D Deck | Sonder
 
Perspective on Innovation in Asset Management
Perspective on Innovation in Asset ManagementPerspective on Innovation in Asset Management
Perspective on Innovation in Asset Management
 
PROS_Pricing_Propositions-Personnalisées-Homogènes
PROS_Pricing_Propositions-Personnalisées-HomogènesPROS_Pricing_Propositions-Personnalisées-Homogènes
PROS_Pricing_Propositions-Personnalisées-Homogènes
 
How to Automate Low Touch Customer Success
How to Automate Low Touch Customer SuccessHow to Automate Low Touch Customer Success
How to Automate Low Touch Customer Success
 
Demystifying Faster Payments – Separating Hype from Reality
Demystifying Faster Payments – Separating Hype from RealityDemystifying Faster Payments – Separating Hype from Reality
Demystifying Faster Payments – Separating Hype from Reality
 
Making support the competitive differentiator
Making support the competitive differentiatorMaking support the competitive differentiator
Making support the competitive differentiator
 
Central Payment; Power Point Presentation
Central Payment; Power Point PresentationCentral Payment; Power Point Presentation
Central Payment; Power Point Presentation
 
How to make your company disruptive and a threat to big firms. The case of Kr...
How to make your company disruptive and a threat to big firms. The case of Kr...How to make your company disruptive and a threat to big firms. The case of Kr...
How to make your company disruptive and a threat to big firms. The case of Kr...
 
A journey from Vision to product
A journey from Vision to productA journey from Vision to product
A journey from Vision to product
 
Australian Payments Network - Digital Identity
Australian Payments Network  - Digital Identity Australian Payments Network  - Digital Identity
Australian Payments Network - Digital Identity
 
Rich Knudsen Dynamic Booking Results How I Work In 60 Selling Minutes
Rich Knudsen Dynamic Booking Results How I Work In 60 Selling MinutesRich Knudsen Dynamic Booking Results How I Work In 60 Selling Minutes
Rich Knudsen Dynamic Booking Results How I Work In 60 Selling Minutes
 
Tech Driven MSBs - No Longer Optional
Tech Driven MSBs - No Longer OptionalTech Driven MSBs - No Longer Optional
Tech Driven MSBs - No Longer Optional
 
FINTECHS & CORONA; WHICH FINTECH WILL GROW IN POST CORONA ERA by GÖRKEM ÇOKÇETİN
FINTECHS & CORONA; WHICH FINTECH WILL GROW IN POST CORONA ERA by GÖRKEM ÇOKÇETİNFINTECHS & CORONA; WHICH FINTECH WILL GROW IN POST CORONA ERA by GÖRKEM ÇOKÇETİN
FINTECHS & CORONA; WHICH FINTECH WILL GROW IN POST CORONA ERA by GÖRKEM ÇOKÇETİN
 
CREATING CUSTOMER-CENTRIC PRODUCTS USING BIG DATA - KRITI SHARMA
CREATING CUSTOMER-CENTRIC PRODUCTS USING BIG DATA - KRITI SHARMACREATING CUSTOMER-CENTRIC PRODUCTS USING BIG DATA - KRITI SHARMA
CREATING CUSTOMER-CENTRIC PRODUCTS USING BIG DATA - KRITI SHARMA
 
Hts mybill e-2010_web_ingles
Hts mybill e-2010_web_inglesHts mybill e-2010_web_ingles
Hts mybill e-2010_web_ingles
 
Time for Real Time?
Time for Real Time?Time for Real Time?
Time for Real Time?
 

More from HajeJanKamps

Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckHajeJanKamps
 
Pitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deckPitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deckHajeJanKamps
 
Pitch Deck Teardown: Queerie's $300k Pre-seed deck
Pitch Deck Teardown: Queerie's $300k Pre-seed deckPitch Deck Teardown: Queerie's $300k Pre-seed deck
Pitch Deck Teardown: Queerie's $300k Pre-seed deckHajeJanKamps
 
Plantee Seed Pitch Deck for TC Pitch Deck Teardown
Plantee Seed Pitch Deck for TC Pitch Deck TeardownPlantee Seed Pitch Deck for TC Pitch Deck Teardown
Plantee Seed Pitch Deck for TC Pitch Deck TeardownHajeJanKamps
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfHajeJanKamps
 
PDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdfPDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdfHajeJanKamps
 
Pitch Deck Teardown: SuperScale's $5.4M Series A deck
Pitch Deck Teardown: SuperScale's $5.4M Series A deckPitch Deck Teardown: SuperScale's $5.4M Series A deck
Pitch Deck Teardown: SuperScale's $5.4M Series A deckHajeJanKamps
 
Pitch Deck Teardown: Astek Diagnostics's $2m Seed deck
Pitch Deck Teardown: Astek Diagnostics's $2m Seed deckPitch Deck Teardown: Astek Diagnostics's $2m Seed deck
Pitch Deck Teardown: Astek Diagnostics's $2m Seed deckHajeJanKamps
 
Pitch Deck Teardown: CommandBar's $4.8M Seed deck
Pitch Deck Teardown: CommandBar's $4.8M Seed deckPitch Deck Teardown: CommandBar's $4.8M Seed deck
Pitch Deck Teardown: CommandBar's $4.8M Seed deckHajeJanKamps
 
PDT 84 - 16m - Series A - Equals for Pitch Deck Teardown / Techcrunch
PDT 84 - 16m - Series A - Equals for Pitch Deck Teardown / TechcrunchPDT 84 - 16m - Series A - Equals for Pitch Deck Teardown / Techcrunch
PDT 84 - 16m - Series A - Equals for Pitch Deck Teardown / TechcrunchHajeJanKamps
 
TechCrunch Pitch Deck Teardown 83 - $30M - Series A - Xyte
TechCrunch Pitch Deck Teardown 83 - $30M  - Series A - XyteTechCrunch Pitch Deck Teardown 83 - $30M  - Series A - Xyte
TechCrunch Pitch Deck Teardown 83 - $30M - Series A - XyteHajeJanKamps
 
Pitch Deck Teardown - Doola's $1m Series A extension deck
Pitch Deck Teardown - Doola's $1m Series A extension deckPitch Deck Teardown - Doola's $1m Series A extension deck
Pitch Deck Teardown - Doola's $1m Series A extension deckHajeJanKamps
 
TechCrunch Pitch Deck Teardown: Ryplzz's $3m Seed deck
TechCrunch Pitch Deck Teardown: Ryplzz's $3m Seed deckTechCrunch Pitch Deck Teardown: Ryplzz's $3m Seed deck
TechCrunch Pitch Deck Teardown: Ryplzz's $3m Seed deckHajeJanKamps
 
PDT 79 - $10 million - Seed - Qortex.pdf
PDT 79 - $10 million  - Seed - Qortex.pdfPDT 79 - $10 million  - Seed - Qortex.pdf
PDT 79 - $10 million - Seed - Qortex.pdfHajeJanKamps
 
Pich Deck for Pepper Bio, for TechCruch's Pitch Deck Teardown series
Pich Deck for Pepper Bio, for TechCruch's Pitch Deck Teardown seriesPich Deck for Pepper Bio, for TechCruch's Pitch Deck Teardown series
Pich Deck for Pepper Bio, for TechCruch's Pitch Deck Teardown seriesHajeJanKamps
 
Pitch Deck Teardown: HomeCooks's $3.2m Seed deck
Pitch Deck Teardown: HomeCooks's $3.2m Seed deckPitch Deck Teardown: HomeCooks's $3.2m Seed deck
Pitch Deck Teardown: HomeCooks's $3.2m Seed deckHajeJanKamps
 
Pitch Deck Teardown: Fifth Dimension AI's $2.8M Seed deck
Pitch Deck Teardown: Fifth Dimension AI's $2.8M Seed deckPitch Deck Teardown: Fifth Dimension AI's $2.8M Seed deck
Pitch Deck Teardown: Fifth Dimension AI's $2.8M Seed deckHajeJanKamps
 
Pitch Deck Teardown: Phospholutions's $10M Series A extension AgTech deck
Pitch Deck Teardown: Phospholutions's $10M Series A extension AgTech deckPitch Deck Teardown: Phospholutions's $10M Series A extension AgTech deck
Pitch Deck Teardown: Phospholutions's $10M Series A extension AgTech deckHajeJanKamps
 
Pitch Deck Teardown - Aether
Pitch Deck Teardown - AetherPitch Deck Teardown - Aether
Pitch Deck Teardown - AetherHajeJanKamps
 

More from HajeJanKamps (20)

Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
 
Pitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deckPitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deck
 
Pitch Deck Teardown: Queerie's $300k Pre-seed deck
Pitch Deck Teardown: Queerie's $300k Pre-seed deckPitch Deck Teardown: Queerie's $300k Pre-seed deck
Pitch Deck Teardown: Queerie's $300k Pre-seed deck
 
Plantee Seed Pitch Deck for TC Pitch Deck Teardown
Plantee Seed Pitch Deck for TC Pitch Deck TeardownPlantee Seed Pitch Deck for TC Pitch Deck Teardown
Plantee Seed Pitch Deck for TC Pitch Deck Teardown
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
 
PDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdfPDT 88 - 4 million seed - Seed - Protecto.pdf
PDT 88 - 4 million seed - Seed - Protecto.pdf
 
Pitch Deck Teardown: SuperScale's $5.4M Series A deck
Pitch Deck Teardown: SuperScale's $5.4M Series A deckPitch Deck Teardown: SuperScale's $5.4M Series A deck
Pitch Deck Teardown: SuperScale's $5.4M Series A deck
 
Pitch Deck Teardown: Astek Diagnostics's $2m Seed deck
Pitch Deck Teardown: Astek Diagnostics's $2m Seed deckPitch Deck Teardown: Astek Diagnostics's $2m Seed deck
Pitch Deck Teardown: Astek Diagnostics's $2m Seed deck
 
Pitch Deck Teardown: CommandBar's $4.8M Seed deck
Pitch Deck Teardown: CommandBar's $4.8M Seed deckPitch Deck Teardown: CommandBar's $4.8M Seed deck
Pitch Deck Teardown: CommandBar's $4.8M Seed deck
 
PDT 84 - 16m - Series A - Equals for Pitch Deck Teardown / Techcrunch
PDT 84 - 16m - Series A - Equals for Pitch Deck Teardown / TechcrunchPDT 84 - 16m - Series A - Equals for Pitch Deck Teardown / Techcrunch
PDT 84 - 16m - Series A - Equals for Pitch Deck Teardown / Techcrunch
 
TechCrunch Pitch Deck Teardown 83 - $30M - Series A - Xyte
TechCrunch Pitch Deck Teardown 83 - $30M  - Series A - XyteTechCrunch Pitch Deck Teardown 83 - $30M  - Series A - Xyte
TechCrunch Pitch Deck Teardown 83 - $30M - Series A - Xyte
 
Pitch Deck Teardown - Doola's $1m Series A extension deck
Pitch Deck Teardown - Doola's $1m Series A extension deckPitch Deck Teardown - Doola's $1m Series A extension deck
Pitch Deck Teardown - Doola's $1m Series A extension deck
 
TechCrunch Pitch Deck Teardown: Ryplzz's $3m Seed deck
TechCrunch Pitch Deck Teardown: Ryplzz's $3m Seed deckTechCrunch Pitch Deck Teardown: Ryplzz's $3m Seed deck
TechCrunch Pitch Deck Teardown: Ryplzz's $3m Seed deck
 
PDT 79 - $10 million - Seed - Qortex.pdf
PDT 79 - $10 million  - Seed - Qortex.pdfPDT 79 - $10 million  - Seed - Qortex.pdf
PDT 79 - $10 million - Seed - Qortex.pdf
 
Pich Deck for Pepper Bio, for TechCruch's Pitch Deck Teardown series
Pich Deck for Pepper Bio, for TechCruch's Pitch Deck Teardown seriesPich Deck for Pepper Bio, for TechCruch's Pitch Deck Teardown series
Pich Deck for Pepper Bio, for TechCruch's Pitch Deck Teardown series
 
Pitch Deck Teardown: HomeCooks's $3.2m Seed deck
Pitch Deck Teardown: HomeCooks's $3.2m Seed deckPitch Deck Teardown: HomeCooks's $3.2m Seed deck
Pitch Deck Teardown: HomeCooks's $3.2m Seed deck
 
Pitch Deck Teardown: Fifth Dimension AI's $2.8M Seed deck
Pitch Deck Teardown: Fifth Dimension AI's $2.8M Seed deckPitch Deck Teardown: Fifth Dimension AI's $2.8M Seed deck
Pitch Deck Teardown: Fifth Dimension AI's $2.8M Seed deck
 
Pitch Deck Teardown: Phospholutions's $10M Series A extension AgTech deck
Pitch Deck Teardown: Phospholutions's $10M Series A extension AgTech deckPitch Deck Teardown: Phospholutions's $10M Series A extension AgTech deck
Pitch Deck Teardown: Phospholutions's $10M Series A extension AgTech deck
 
Pitch Deck Teardown - Aether
Pitch Deck Teardown - AetherPitch Deck Teardown - Aether
Pitch Deck Teardown - Aether
 
SplitBrick Deck
SplitBrick DeckSplitBrick Deck
SplitBrick Deck
 

Recently uploaded

WSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfWSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfJamesConcepcion7
 
Entrepreneurship lessons in Philippines
Entrepreneurship lessons in  PhilippinesEntrepreneurship lessons in  Philippines
Entrepreneurship lessons in PhilippinesDavidSamuel525586
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Americas Got Grants
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024Adnet Communications
 
business environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxbusiness environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxShruti Mittal
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyotictsugar
 
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...ssuserf63bd7
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaoncallgirls2057
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxappkodes
 
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFChandresh Chudasama
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationAnamaria Contreras
 

Recently uploaded (20)

WSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfWSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdf
 
Entrepreneurship lessons in Philippines
Entrepreneurship lessons in  PhilippinesEntrepreneurship lessons in  Philippines
Entrepreneurship lessons in Philippines
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024
 
business environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxbusiness environment micro environment macro environment.pptx
business environment micro environment macro environment.pptx
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
 
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
WAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdfWAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdf
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptx
 
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDF
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptxThe Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
 

Pitch Deck Teardown: Mint House's $35M Series B deck

  • 2. Confidential 2 Mint House – Company overview Description Footprint Growth strategy progression Notes: 1. As of December 2022 • Founded in 2017, Mint House is an operator of tech-enabled hotels and facilities providing superior lodging alternatives for modern business and leisure travelers • Headquarters in New York, NY and currently has ~145 employees • Experiencing positive macro trends with a massive global hospitality market ($800bn+ and growing), coupled with secular megatrends (i.e., digital nomadism, preference for a contactless model, etc.), which accelerate the Company’s penetration • Operates in 16 markets1 with 100+ corporate partnerships • Operates its properties via management agreements, an asset light, SaaS-like model with ~80% gross margins, 100%+ net revenue retention and minimal capex • Over 50% of the Company’s bookings are direct (website or corporate partnerships team) and 14% of bookings are repeat customers • Well-capitalized, strong investor base with a first-class board NYC Philadelphia Greenville New Orleans Miami Nashville Louisville Detroit Columbus Scottsdale Denver Austin Minneapolis Seattle DC Birmingham Mint House is currently operating in 16 markets (with 26 properties)1 and growing 2017-18 Small unit count in individual buildings 2019 Larger unit count in multiple buildings with same owner 2020-21 Multi building programmatic deals with institutional partners 2022+ Multi building programmatic + development strategy with institutional partners (Mint House manages)
  • 3. Confidential 3 A better business model Net Promoter Score (NPS) 1.9x Upper Upscale hotels Four #1-ranked and eight top-4 ranked hotels #1 Hotel in U.S. on TripAdvisor & Travelers’ Choice Best of the Best award winner RevPAR outperformance 1.6x Upper Upscale hotels with 1.8x higher margins $800Bn global lodging market in 2019, growing to $968Bn in 2025 Hotel revenue grew 3.0x in 2021, projecting ~2.0x in 2022 and +120% Revenue CAGR from 2021-2025E Branded hotel chains are franchise models, can’t force the hotel franchisees to change Hotels built with old-format room types and legacy tech stacks Management agreements = take-rate model 80%+ Gross Margin, asset-light, minimally capital intensive 2x Revenue / NOI increase when Mint House operates property, and hassle-free Vastly superior customer experience 1 Consistently outperform traditional hotels 2 Disrupting a huge TAM 3 Rapid growth 4 Barriers for incumbents to compete 5 High-margin business model 6 Compelling value proposition for real estate partners 7
  • 4. Confidential 4 A better consumer experience Smart and fully contactless with digitally delivered amenities Instant check-in Find and unlock your apartment Pre-filled personal info Pre-order groceries 24/7 digital concierge
  • 5. Confidential 5 A better place to stay Long check-in lines, antiquated operating model Cookie-cutter design Small rooms, minimal in-room amenities Seamless tech-enabled guest experience Connected tech, thoughtful design Full kitchens, living rooms, dedicated workspace, washer dryer in unit Mint House Traditional Hotels
  • 6. Confidential 6 A better model, outperforming Upper-Upscale Hotel peers on every key metric 2021 RevPAR Index 2021 GOP Margin 2021 Occupancy Net Promoter Score (NPS) 70% 37% Mint House Upper Upscale 1.8 x 1.6 x Mint House vs Total US Mint House vs Upper Upscale 70% 48% Mint House Upper Upscale 60% 37% Mint House Upper Upscale
  • 7. Miami 173% / 2.7x 133% / 2.3x Confidential 7 A better value proposition to our real estate partners Metric Comparison (per Unit) Mint House Average Monthly Revenue Outperformance Mint House AGOP Outperformance Denver 156% / 2.6x 126% / 2.3x Austin 141% / 2.4x 137% / 2.4x Nashville 130% / 2.3x 77% / 1.8x New York 72% / 1.7x 50% / 1.5x Notes: 1. Per unit data, based on Mint House stabilized properties May - August 2021 actuals; excluded earlier part of the year due to pre-vaccine roll out 2. Mint House AGOP = GOP - Base Management Fees 3. Multifamily market rent/unit data from CoStar website and Mint House internal information 4. Multifamily GOP excludes property insurance, property taxes and management fees 5. Multifamily GOP margin per National Apartment Association 2020 Survey of Operating Income & Expenses in Rental Apartment Communities - All Market Rent Properties Operating Income & Expense Data $1,862 $3,050 $2,850 $1,706 $3,817 $4,489 $7,808 $7,774 $3,925 $6,564 Before Mint House After Mint House 2.4x 2.6x 2.7x 2.3x 1.7x Mint House Recent Performance vs. Multifamily: Average Monthly Revenue per Unit
  • 8. Confidential 8 A better award-winning experience customers love Mint House at The Reserve – Nashville No. 1 four-star hotel in Nashville on Booking.com Mint House at Riverwalk – Greenville No. 1 four-star hotel in Greenville on Booking.com Mint House at Miami – Downtown No. 1 four-star hotel in Miami on Booking.com Mint House at 70 Pine – New York City No. 1 ranked hotel in the U.S. on TripAdvisor & No. 18 ranked hotel in the world
  • 9. Confidential 9 A better system that corporates are embracing, with 100+ corporate partnerships
  • 10. Confidential 10 A best-in-class, deeply experienced management team Samantha Greenberg Chief Financial Officer Former Portfolio Manager at Citadel, Chief Investment Officer at Margate Capital Management, Partner at Paulson & Co., and Vice President at Goldman Sachs. Paul Sacco Chief Development Officer Former Chief Investment Officer of Driftwood Capital, Chief Development Officer for TPG Hotels and Head of Development at Starwood Hotels. Patrick Grumley Chief Operating Officer Led portfolio operations and strategy at Bridgeton Holdings, former consultant for Bain & Company, Naval Strike Officer with an MBA from Cornell University. Maryssa Miller Chief Product Officer Former Head of Digital and Customer Products at JetBlue Airways, Vice President of E- Commerce at Create the Group, and other previous roles at digital brands.
  • 12. Confidential 12 Case Study Mint House at 70 Pine – New York City No. 1 Hotel in the U.S. on TripAdvisor & Winner of the 2021 Travelers' Choice® Best of the Best Awards for Hotels Mint House Units: 163 135 studios 20 one-beds 8 two-beds Annual Revenue: $15.4M1 First Unit Delivery: November 2020 Notes: 1. Revenue includes recent opening of an additional floor at 70 Pine