225 North Calvert St. in Baltimore

WASHINGTON, DC–WhyHotel, a startup originally incubated in Vornado Realty, which operates pop-up hotels in newly-built, luxury apartment buildings, has secured $3.9 million in seed funding in a round led by Camber Creek, with participation from Revolution’s Rise of the Rest Seed Fund, Mendacre, MetaProp, Vornado/Charles E. Smith, Working Lab Capital, Mitchell Schear, and other real estate executives. Camber Creek’s investment portfolio includes other real estate technology companies such as Latch, VTS, Measurabl, and Bowery.

WhyHotel will use the funds to launch hotels in its pipeline as well as hire people for upcoming projects across major US cities. The model debuted locally at The Bartlett last year and with the new funding round, WhyHotel now is launching another pop-up venture in Baltimore’s Downtown/Inner Harbor area in a new Monument Realty high-rise apartment. The 150+ unit property is located at 225 North Calvert St.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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