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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

More from this author

 

GlobeSt. Multifamily Fall 2022Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.