Life House, a startup hospitality company that both manages its own branded hotels and provides its technology platform as a white-label solution for independent hotel owners, has received $100 million in equity commitments from Blue Flag Partners.
Boston-based Blue Flag is an investment, real estate development and branding firm that has a collection of hotels in its portfolio.
Life House founder and CEO Rami Zeidan says the company will use this funding to buy properties that it will convert to the Life House brand.
It currently has two Life House brand hotels – both in Miami – and two hotels using its white-label technology platform – and expects to have 20 hotels open or under construction by 2020 in markets across the United States including Nantucket, Brooklyn, Denver and Lake Tahoe.
Since its launch in 2017, Life House has also raised $140 million in venture capital from investors including Global Founders Capital, Comcast Ventures and Trinity Investments.
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