Hovelstay – yes, Hovelstay – nets $1.2M for its cheap lodging platform
A treehouse yurt. A tent in a Hawaiian forest. A FEMA-certified dome. These are some of the examples of quirky places to rent for under $99 a night via Hovelstay, a Glendale, Calif.,-based startup.
The cheap lodging platform says it has received $1.2 million in Series A capital from private investors in Dubai.
In July, Hovelstay began with a .edu address and a target market of college students. But most of its inquiries for cheap and wacky places to stay came from Baby Boomers. Go figure.
So yesterday it opened to the general public.