Kasa has entered into a strategic combination with Mint House, expanding its flexible accommodations platform through the integration of Mint House properties across the United States. The transaction brings nearly 1,000 Mint House units into Kasa’s portfolio and is intended to consolidate operations serving corporate and leisure guests.
Under the terms of the agreement, Kasa will take over Mint House properties in several U.S. markets. These include the 70 Pine building in Lower Manhattan, an Art Deco tower that includes a fitness center, a gourmet market and the restaurants Crown Shy and SAGA. The transaction also expands Kasa’s presence in Washington, D.C., Dallas, Nashville, St. Petersburg and Tampa.
The combination integrates Mint House’s portfolio into Kasa’s existing platform, which manages hotel and apart-hotel properties nationwide. The expanded scale is expected to support centralized commercial functions including distribution, revenue management, sales, marketing and guest engagement, while also improving operating efficiency across markets.
“This is an exciting opportunity to bring the strong teams and capabilities from both organizations onto a unified Kasa platform. We expect our combined scale to deliver meaningful operating efficiencies and stronger commercial outcomes for owners,” said Roman Pedan, founder and CEO of Kasa. “We’re thrilled to welcome Mint House’s buildings, owners and guests into the Kasa network.”
Kasa stated that it has experience managing operational transitions across hotel and apart-hotel assets. To date, the company has completed 35 management transitions nationwide. This experience will be applied to the Mint House portfolio to maintain continuity for owners and guests during the integration process.
Following the transaction, Mint House properties will continue operating within a technology-enabled hospitality model. These properties will offer mobile-first check-in, continuous guest communications and services aligned with Kasa’s existing operational approach.
“Kasa and Mint House have always been aligned in our asset-light models and guest-centric operating philosophy. 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,” said Christian Lee, Mint House CEO.
As part of the agreement, Christian Lee will join Kasa as a senior advisor. In this role, he will support the transition process and work with owners and partners to ensure continuity across the combined portfolio.
Kasa said the addition of Mint House strengthens its platform for existing owner partners by increasing scale and expanding its operational and commercial resources. The company stated that it will continue to focus on disciplined execution and property transitions as it integrates the Mint House assets into its broader portfolio.