Mint House, a residential hospitality operator offering long and short-term accommodations, announced its acquisition of Locale, which it calls a leading player in the residential hospitality industry.

This deal, said the announcement, marks “a pivotal moment” for Mint House, driving operational scale and solidifying its position within the industry as the preferred choice for travelers seeking high-quality accommodations. The transaction consideration includes both cash and stock and Mint House investors are supporting the deal through the investment of additional capital.

Christian Lee, CEO of Mint House, said, “The alternative lodging sector is at an inflection point and as we kick off 2025 we see this as a timely and strategic opportunity to scale.” The acquisition, he said,” will leverage the strengths of both companies to drive greater scale, efficiency and an enhanced offering for all guests.”

Mint House is also expanding its footprint with new openings this year. The company recently announced the upcoming launch of its fourth location in Nashville, and will open its first location in Washington, DC in the spring. Locale’s properties will be rebranded and integrated into Mint House’s portfolio, bringing the company to a total of 22 properties in 13 markets.

As part of the transaction, all Locale employees will join Mint House, reinforcing the company’s commitment to a smooth integration and continued excellence in service.