USA: At Mine Hospitality, a Miami-based hotel management company, has raised $6 million from.
Founded in January 2021 by Samuel Raccah and Matteo Soldatini, and its subsidiaries operate 250 units at locations in Miami, Fort Lauderdale, Key West and San Diego. The company aims to offer guests an experience that blurs the line between hotel and Airbnb, and has welcomed more than 30,000 guests to date.
With $6 million equity financing from Enwhile Ventures, At Mine Hospitality plans to acquire and operate Airbnb hotels and expand its portfolio to 1,000 units by 2024. Enuring Ventures’ executive team will join At Mine Hospitality in achieving this goal.
The current portfolio of group iIt includes the 29-room Julia Hotel and the 32-room St Augustine Hotel in Miami Beach, the 39-room Deco Boutique Hotel in Fort Lauderdale, and the 22-room Treehouse Hotel in Miami.
In its first year, At Mine Hospitality generated $2 million in profit and is on track to surpass $3 million in profit this year. It has achieved a 78 percent GOP/revenue ratio and maintains a review score of 4.94/5 from over 11,000 reviews.
Raccah, Managing Partner of At Mine Hospitality, said, “My co-founders and I are pleased to announce this increase, backed by an incredible performance in 2021 with over $2 million in first year earnings and growth of over 400% year over year. year. year in 2022. We found Enuring Ventures to be the ideal partner, a venture capital fund as obsessed with profitability and disciplined growth as we are.”