Wire Weekly: Global short-term rental & hospitality news

This week’s industry headlines point to continued consolidation, expansion and investment across both flexible accommodation and short-term rental technology platforms.

Kasa and Mint House combine platforms in major US expansion

Kasa has entered into a strategic combination with Mint House, integrating nearly 1,000 premium residential hospitality units into the Kasa platform. The move significantly expands Kasa’s footprint across key US markets including New York, Washington DC, Dallas, Nashville, St Petersburg and Tampa.

As part of the transaction, Kasa will take over Mint House properties including the landmark 70 Pine building in Lower Manhattan.

The combination creates a larger, more scalable operating platform, strengthening Kasa’s capabilities across distribution, revenue management, sales, marketing and guest engagement. Mint House CEO Christian Lee will join Kasa as Senior Advisor to support the transition.

The deal reinforces Kasa’s asset-light, tech-enabled hospitality model and positions the group for further growth across hotel and apart-hotel operations.

Claret Capital completes 35M euro follow-on investment in Holidu

Claret Capital Partners has completed a 35 million euro follow-on investment in European vacation rental tech company Holidu, bringing total commitments since 2021 to 95 million euros.

Founded in Munich in 2014, Holidu now supports more than 57,000 properties on its property management system and attracts over 100 million users annually across its websites. The company has accelerated its European expansion through recent acquisitions including Cybevasion in France and Finca Mallorca in Spain.

The new funding will support continued organic growth, targeted M&A activity and further investment in Holidu’s software and platform innovation.

Have news, funding, partnerships or product launches to share within the STR industry? Send your press releases to the Wire team and feature in an upcoming roundup.