WhyHotel

Placemakr Announces the Launch of Placemakr Dupont Circle

Retrieved on: 
Thursday, June 1, 2023

WASHINGTON, June 1, 2023 /PRNewswire/ -- Placemakr, a flexible-use multifamily and hospitality property operator and investor, today announced the launch of Placemakr Dupont Circle. The latest property within the Placemakr portfolio, a historic DC mansion in which President Calvin Coolidge resided during the White House renovation in 1927, will operate as a hospitality living property - the company's innovative experience that blends home and hospitality. In addition, Placemakr is announcing a new extended-stay pop-up location coming to the Navy Yard in DC. Both properties will open for guests in Q2 of this year and are currently available for booking via Placemakr's website.

Key Points: 
  • WASHINGTON, June 1, 2023 /PRNewswire/ -- Placemakr , a flexible-use multifamily and hospitality property operator and investor, today announced the launch of Placemakr Dupont Circle.
  • In addition, Placemakr is announcing a new extended-stay pop-up location coming to the Navy Yard in DC.
  • The new property is located directly on Dupont Circle with striking views of the Circle.
  • "When Placemakr Dupont Circle was built, there were very distinct separations between what makes a building fit for hospitality vs. living, and that hasn't changed much since.

Placemakr Raises $65M, Surpassing $350M in Total Funding

Retrieved on: 
Tuesday, March 21, 2023

WASHINGTON, March 21, 2023 /PRNewswire/ -- Placemakr, a flexible-use multifamily and hospitality operator, today announced $65M in new funding, surpassing $350M in total capital raised. This announcement comes alongside the appointment of Timothy G. Franzen, former president of Graduate Hotels, to its C-suite. Placemakr's property operations model drew funding participation from venture capital and major real estate investors alike, including Highland Capital Partners, Harbert Growth Partners, Bernstein Management Corporation, Camber Creek, Gaw Capital USA, and more. In addition to securing outside investments, Franzen's appointment to Chief Development Officer marks a key moment of expansion for the organization. In this role, Franzen is leading the company's effort to expand and grow inventory under management through partnerships with major real estate owners and developers across the country. 

Key Points: 
  • WASHINGTON, March 21, 2023 /PRNewswire/ -- Placemakr , a flexible-use multifamily and hospitality operator, today announced $65M in new funding, surpassing $350M in total capital raised.
  • With this funding, Placemakr will continue doubling down on property acquisitions and developer partnerships throughout the U.S. to meet the consumer demand for apartment-style hotels, short-term rentals, and flexible-living accommodations.
  • This announcement comes on the heels of two new property launches, Placemakr Wedgewood Houston and Whyhotel by Placemakr, Columbia.
  • This funding round and new hire announcement will continue to fuel future innovation and growth in 2023 and beyond.

MRP Realty, Kruger Real Estate, and May Riegler partner with Placemakr to launch new asset class with Coda on Half

Retrieved on: 
Thursday, July 7, 2022

WASHINGTON, July 7, 2022 /PRNewswire/ -- MRP Realty, Kruger Real Estate, and May Riegler announced today the start of leasing at Coda on Half, a Placemakr Experience and a newly delivered boutique-style apartment building in the Capitol Riverfront neighborhood of Washington, D.C.

Key Points: 
  • "It's incredibly exciting to be delivering our first purpose-built, flexible Hospitality Living building down the street from where Bao and I launched Placemakr five years ago.
  • Since then, we have managed over $1B+ of property and now have the honor of partnering with innovative, local organizations like MRP, Kruger, and May Riegler," said Jason Fudin, CEO and Co-founder of Placemakr.
  • "This match has led to a project we are all proud to offer to residents and guests alike right in our backyard."
  • www.kruger.com
    Founded in 2009, May Riegler is a Washington, DC based real estate developer and investor focused on compelling real estate opportunitiesin the mid-Atlantic region and Colorado.

Placemakr Announces New Pop-Up Hotel in Virginia

Retrieved on: 
Tuesday, May 10, 2022

WASHINGTON, May 10, 2022 /PRNewswire/ -- Placemakr, a tech-enabled hospitality platform and operator, today announced the launch of its newest pop-up location under the Placemakr brand - WhyHotel by Placemakr, Alexandria. In partnership with Stonebridge, this unique pop-up will allow guests to experience hotel amenities and services, while staying in fully furnished, spacious apartments equipped with full kitchens, spacious living rooms, bedrooms with walk-in closets, and more. WhyHotel by Placemakr's pop-ups combine the best of home and hospitality to meet the evolving needs of residents and guests alike; effectively creating a new real estate asset class for blended living. Located at 2455 Mandeville Lane in Alexandria, VA, guests will be able to begin to book stays at the end of May.

Key Points: 
  • WASHINGTON, May 10, 2022 /PRNewswire/ -- Placemakr , a tech-enabled hospitality platform and operator, today announced the launch of its newest pop-up location under the Placemakr brand - WhyHotel by Placemakr, Alexandria.
  • WhyHotel by Placemakr, Alexandria is located in Carlyle Crossing, a 1.7 million square foot neighborhood created by Stonebridge.
  • WhyHotel by Placemakr, Alexandria will have 120 units available at the luxury apartment building, Dylan.
  • Our unique model bridges the hotel and apartment world, creating an offering more valuable than either product alone," said Jason Fudin, CEO and Co-founder of Placemakr.

Placemakr Announces West Coast Expansion with First California Pop-Up Hotel Under New Brand

Retrieved on: 
Wednesday, April 20, 2022

WASHINGTON, April 20, 2022 /PRNewswire/ -- Placemakr , a tech-enabled hospitality platform and operator, today announced the launch of its newest location, WhyHotel by Placemakr, San Jose. Launched in partnership with local Bay Area developer, Bayview Development Group, the new location marks the company's first property in California. Operating under the brand's unique pop-up model, guests can expect a unique apartment-hotel experience, one that blends the best amenities of home with the best services found in hospitality. Located at the award-winning Miro San Jose at 28 N 4th St. in downtown San Jose, guests will be able to book accommodations beginning in May of this year. 

Key Points: 
  • Launched in partnership with local Bay Area developer, Bayview Development Group, the new location marks the company's first property in California.
  • In close proximity to historic San Pedro Square, there is no shortage of restaurants, bars and nightlife to enjoy.
  • With that, we're so excited to join such a vibrant community for our first California project," said Jason Fudin, CEO and Co-founder of Placemakr.
  • Guests staying at WhyHotel by Placemakr, San Jose will have access to the upscale amenities offered within the apartment building.

WhyHotel Rebrands as Placemakr, Announces over $90M in Equity Investment

Retrieved on: 
Tuesday, March 15, 2022

The rebrand comesalongside$90M in equity investment raised for growth and property acquisitions.In conjunction with these investments, the company also secured committed capital toward its target of $1B of property acquisitions over the next 18-24 months.

Key Points: 
  • The rebrand comesalongside$90M in equity investment raised for growth and property acquisitions.In conjunction with these investments, the company also secured committed capital toward its target of $1B of property acquisitions over the next 18-24 months.
  • This positions Placemakr to meet the needs of a market that has shifted and accelerated due to the Covid-19 pandemic.
  • Placemakr's key driver is the belief that the future of hospitality lies in flexible living.
  • Placemakr offers two product types: a pop-up hotel experience which will now be known as WhyHotel, by Placemakr, and the company's collection of hospitality living properties.

WhyHotel Launches Newest Hospitality Living Property in Nashville

Retrieved on: 
Thursday, November 4, 2021

NASHVILLE, Tenn.and WASHINGTON, Nov. 4, 2021 /PRNewswire/ -- WhyHotel, a hospitality platform and operator, today announced that it has acquired The Cadence, a Nashville property located at 1600 McGavock Street.

Key Points: 
  • NASHVILLE, Tenn.and WASHINGTON, Nov. 4, 2021 /PRNewswire/ -- WhyHotel, a hospitality platform and operator, today announced that it has acquired The Cadence, a Nashville property located at 1600 McGavock Street.
  • With the acquisition, WhyHotel will launch its first Hospitality Living property in the city - The Cadence, Operated by WhyHotel.
  • Located in Midtown Nashville, the property offers guests an unmatched opportunity to access all of the attractions that the vibrant city has to offer.
  • WhyHotel is proud to work alongside these trusted partners to bring the Hospitality Living concept to The Cadence.

WhyHotel Opens Front & Wall Street, its First Property in New York City, at The Rudin Family's 110 Wall Street

Retrieved on: 
Tuesday, October 26, 2021

Located at 110 Wall Street, WhyHotel's newest hospitality living property is a former office building, the majority of which was converted to apartment-style units in 2015.

Key Points: 
  • Located at 110 Wall Street, WhyHotel's newest hospitality living property is a former office building, the majority of which was converted to apartment-style units in 2015.
  • WhyHotel will operate the building as a mix of short-term guest stays and longer-term resident leases.
  • "New York City is a market that we've had our eyes on for a long time now," said Jason Fudin, CEO and Co-founder of WhyHotel.
  • The Rudin Family owns and operates one of the largest privately held real estate portfolios in New York City.

WhyHotel Announces Newest DC Pop-Up Hotel Location

Retrieved on: 
Tuesday, August 3, 2021

WASHINGTON, Aug. 3, 2021 /PRNewswire/ -- WhyHotel , a hospitality platform and operator, today announced WhyHotel Washington DC Union Market, a new pop-up hotel within Press House .

Key Points: 
  • WASHINGTON, Aug. 3, 2021 /PRNewswire/ -- WhyHotel , a hospitality platform and operator, today announced WhyHotel Washington DC Union Market, a new pop-up hotel within Press House .
  • Owned by Foulger-Pratt , the building is located at 331 N St NE, and includes 120 units for WhyHotel guests.
  • Beginning August 5th, WhyHotel Washington DC Union Market will be open for bookings.
  • WhyHotel guests can escape the concrete jungle by visiting the tranquil courtyard or sweat it out in the multi-level fitness center.

2500 Penn, Operated by WhyHotel Is Company's Latest Hospitality Living Location

Retrieved on: 
Tuesday, June 8, 2021

WASHINGTON, June 8, 2021 /PRNewswire/ -- WhyHotel , a hospitality platform and operator, today announced the latest iteration of its hospitality-infused flexible living experience under its Hospitality Living business unit.

Key Points: 
  • WASHINGTON, June 8, 2021 /PRNewswire/ -- WhyHotel , a hospitality platform and operator, today announced the latest iteration of its hospitality-infused flexible living experience under its Hospitality Living business unit.
  • WhyHotel first launched Hospitality Living in 2019 with the goal of delivering ground-up buildings owned and operated by WhyHotel which would permanently flex between residential living and hotel stays with both furnished and unfurnished units.
  • 2500 Penn, Operated by WhyHotel will now join the Rise and Bolden Apartments in Tysons, VA as the first properties under the Hospitality Living umbrella.
  • 2500 Penn, Operated by WhyHotel is located in DC's prime West End neighborhood at 2500 Pennsylvania Avenue NW.