Introduction

Staymenity is a platform that allows hosts to rent luxury amenity spaces (ie. pools, chef’s kitchens, sport courts, etc.) for hourly and daily use.

Staymenity is looking to personalize the vacation rental space, allowing hosts to pair luxury spaces with curated experiences (ie. private chefs, cheese boards, decorations, etc.). Whether it be for a family photoshoot with an ocean view, a birthday party with friends, or a morning basketball game, guests can conveniently book all within one platform, and hosts can be compensated.

Staymenity continues to focus on high-quality listings. Hosts have leveraged Staymenity’s photographers and onboarding team to enhance listing photos and descriptions respectively. Staymenity has built out many features for hosts; a dynamic pricing tool, the ability to sell additional items (ie. $50 for soft drink cooler), ID verification, security deposits, integrated damage protection, and more. Staymenity looks forward to building a community of hosts who are looking to create unique experiences and guests, who are looking to take advantage of them at a convenient and affordable price.

Success To Date

  • V1 Staymenity platform integrates with several services such as Autohost for ID verification, Superhog for damage protection, Termly for data privacy maintenance, Stripe for secure flow of funds and Duo for internal company login security.
  • Staymenity has onboarded over 100 quality listings with a strong pipeline.
  • Staymenity has developed relationships and are in contractual stages with key personnel who have years of experience in the short term rental industry.

Problem

The existing issue within the short-term rental sector revolves around the absence of personalization options for property owners when creating listings.

Hosts lack the ability to monetize distinctive spaces that might not be suitable for overnight accommodations. For example, if hosts have a beautiful garden or an event space, they should have the opportunity to monetize it for special events, workshops, or photography sessions without the need to list it as an overnight accommodation. Additionally, there is no such platform that connects luxury amenity spaces with unique experiences, such as a private chef, yoga classes, or spa services.

Another pressing concern is the substantial fees imposed on hosts, with typical service charges exceeding 15%. In contrast, Staymenity levies a more reasonable 3% fee. Lastly, current industry competitors struggle to promptly address user inquiries, concerns, and feedback, highlighting a gap in efficient customer support.

Solution

Overall, combining luxury amenity spaces with personalized experiences (post funding) and themed packages on a single platform can significantly enrich the short-term rental market. It can provide guests with convenience, hosts with increased revenue streams, and vendors with a valuable marketing channel to showcase their services.

Streamlined Booking Process
Guests can browse through a variety of luxury amenity spaces offered hourly and daily. Staymenity plans post funding to integrate experiences via curated vendors (i.e private chefs, yoga instructors, etc.). This simplifies the booking process, making it more convenient for guests to enhance their stays and for hosts to yield additional income.
Enhanced Guest Experience
By offering personalized experiences and themed packages, guests can have a unique and tailored stay that matches their interests and preferences. This can lead to higher guest satisfaction and positive reviews, encouraging repeat bookings and word-of-mouth referrals.
Increased Host Revenue
By incorporating add-on amenities and experiences, hosts have the opportunity to generate additional revenue beyond rental fees.
Monetization of Unique Spaces
Homeowners with distinctive and exclusive spaces can capitalize on their property without listing it as an overnight accommodation.
Quality Assurance through Vetting
By thoroughly vetting vendors and experiences via ID verification, the platform ensures a high standard of service and quality for both hosts and guests.
Marketing and Exposure
A well-curated platform that offers personalized experiences and unique amenities can attract a broader audience, bringing more visibility to hosts and vendors. This increased exposure can lead to higher occupancy rates and more bookings.
Host Support and Resources
The platform can provide hosts with resources, guides, and best practices to help them optimize their offerings and manage their business effectively. To date, Staymenity has assisted on building quality listings via hired photographers and edited descriptions.
Integrated Feedback System
Implementing a feedback and rating system on the platform can sustain the quality amenity spaces and experiences.

Business Model & Market

Staymenity connects homeowners and property management companies (“hosts”) to guests safely and securely. Hosts and guests pay a 3% and 15% service fee respectively. Additionally, Staymenity plans to offer guests curated vendor experiences such as private chefs, yoga instructors, etc. for a 5% service fee.

Business Wire

Team

Max Kessler
CEO
Has worked as an Emerging Growth Banker over the last 6 years supporting many high-growth, venture backed companies. He has assisted many companies with an array of financial growth decisions.
Makan Fofana
CTO
Has worked as a full stack website developer and data/ai engineer for several years at startups with sectors ranging from entertainment to insurance to environmental climate change. He has experience leading and delivering on several highly technical and diversified projects.

Steven Kessler
CFO
Has worked as an auditor in public accounting over the past 6 years, specializing in the real estate industry. Throughout this process steven has assisted his clients in delivering timely Financial and compliance reporting.

Use of Proceeds


If the offering's maximum amount of $124,000 is raised:

UseValue% of Proceeds
Vendor & Third-Party Service Provider Integrations$68,20055.0%
Key Hires$49,72440.1%
Intermediary fees$6,0764.9%

Terms

This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Membership Units, under registration exemption 4(a)(6), in Staymenity LLC. This offering must reach its target of at least $10,000 by its offering deadline of April 26, 2024 at 11:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.

If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:

2,552,000 units
×
$2 per unit
$5,104,000implied valuation

Financials

Income statementBalance sheetCash flow statementChange in equity statementExecutive certification

SEC Filings

The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.

We’re also required to share links to each of the SEC filings related to this offering with investors.

Understand the Risks

Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.

Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.

The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

More Info

Updates

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