Kasa runs hotels and apartment buildings across the United States. When we study a building for its owner, the work becomes a report: what the evidence shows, what we would change, what it would cost, and how the handover would run.
- 85+properties
- 40+cities
- 1M+room nights
- 45+owners
For more than ten years, Kasa has run buildings from Portland to Miami Beach for owners large and small, and for institutions such as Starwood, Morgan Stanley and TPG.
The aim for each one is the same: loved by guests, relied on by its owner, welcomed by the neighbors.
Lower costs, higher revenue, better reviews.
Every Kasa building runs on one platform: revenue management, distribution across more than 50 channels, national and local sales, and guest technology backed by a team on call around the clock.
Top 1%of hotel managers for guest review scores, and ahead of the leading managers on every major channel.
| Channel | Kasa | Leading managers |
|---|---|---|
| Tripadvisor | 4.8 / 5 | 4.1 / 5 |
| 4.5 / 5 | 4.1 / 5 | |
| Expedia | 8.8 / 10 | 8.5 / 10 |
| Booking.com | 8.5 / 10 | 7.8 / 10 |
- 138%RevPAR index against like-kind product in the same market, over the trailing twelve months (CoStar).
- 67%+higher GOP margins than industry benchmarks.
- 89%fewer incidents than the industry benchmark, with noise and smoke sensing built in.
- 30–40%of bookings made direct on kasa.com, where no OTA takes a 15 to 20% commission.
- 50+distribution channels, from hotel and vacation rental sites to corporate and group sales.
When a building moves to Kasa
Average guest review score out of 5, before Kasa and after, for three full takeovers, each completed in under 30 days.
- First buildingfrom 3.9 to 4.9, +1.0
- Second buildingfrom 3.7 to 4.8, +1.1
- Third buildingfrom 3.6 to 4.7, +1.1
What a better score is worth
In Kasa’s data, every tenth of a point added to a building’s guest score lifts RevPAR by about 3 to 6%. Independent research from Cornell points the same way.
+15–30%
RevPAR, raised from 4.1 to 4.6, the Kasa average.
An estimate from portfolio averages, not a forecast for any one building.
Before Kasa, and after.
The clearest measure of a manager is what changes when it takes over. Four buildings and two portfolios, in the numbers their owners see.
Apartment buildings
Kasa runs a share of the units as furnished stays, on whole floors, while the rest of the building stays residential. Those floors earn more than the same units would as apartments, and a standard revenue share keeps Kasa’s interests in line with the owner’s.
-
+40%
more cash flow, by Kasa’s estimate, than renting the same units as apartments.
Kasa Little Italy San Diego
- Units
- 60, on four full floors of The Lindley (17%)
- Kasa since
- December 2024, on a revenue share
- Revenue index
- 125% against the hotel competitive set
- Reviews
- 4.8 on Google, No. 2 on Tripadvisor
-
+30%
more cash flow, by Kasa’s estimate, than renting the same units as apartments.
Kasa Magnificent Mile Chicago
- Units
- 119, on seven full floors of One Superior Place (15%)
- Kasa since
- December 2019, under a management agreement
- Revenue index
- 118% against the hotel competitive set
- Reviews
- 4.8 on Google, No. 1 on Tripadvisor
Hotels
Whole buildings run end to end on the Kasa platform, from pricing and sales to the front desk and housekeeping.
-
The Hotel Castro San Francisco
125% RevPAR index, trailing twelve months58% GOP margin, 2025 forecast
-
Kasa Sunset Los Angeles
99% RevPAR index in its first full year47% GOP margin, 2025 forecast
Whole portfolios
Mint House moved its hotels onto the Kasa platform. These are the first results, from May to July, with more expected as the change settles.
| Measure | Before | With Kasa |
|---|---|---|
| Same-store RevPAR, year over year | no figure | +19.2% |
| Average Google rating | 4.24 | 4.56 |
| Bookings made direct | 4.3% | 28% |
| Ancillary revenue, share of bookings | 1.2% | 2.5% |
Between 5 and 10% of Mint House guests had already stayed at another Kasa property. Elsewhere, two hotels that a national real estate owner had run under its own brand saw RevPAR rise by more than 47% and Airbnb scores by 33% after Kasa took over.
In the owners’ words
“Kasa adds revenue that goes directly to our bottom line, and they are exceptionally responsive to our needs.”
“We selected Kasa as our short-term rental provider of choice after an exhaustive search. Their innovative process and technology help us provide better neighbor and guest experiences, and ultimately a more harmonious community.”
Lela Cirjakovic EVP of Operations, Waterton “We were hesitant to adopt Kasa’s front-desk-less approach to hospitality, but it has proven to be a game-changer, enhancing our guests’ experience and reducing our labor costs meaningfully. Kasa’s approach delivers what travelers expect from hospitality.”
David Reuter President, USA Hostels “Kasa’s tech-enabled model of hospitality offers a superior guest experience while also delivering considerable operational savings.”
Hiten Suraj President and CEO, Stay Cal Hospitality “I’ve seen numerous hospitality and proptech opportunities over multiple cycles, but Kasa’s truly unique ability to empower smaller hotel owners to excel against industry giants is a game changer for the future of hospitality.”
Jonathan Langer Founder and CEO, Fireside Investments
Postcards from the buildings
The Bell Athens by Kasa LivingAthens, Georgia
Mint House 70 Pine by KasaNew York City, New York
Mint House Menlo Park by KasaMenlo Park, California
The Hotel Castro San FranciscoSan Francisco, CaliforniaNo. 2 in San Francisco on Tripadvisor
Kasa Little Italy San DiegoSan Diego, CaliforniaNo. 2 in San Diego on Tripadvisor
Kasa Boston at FenwayBoston, Massachusetts
Kasa South Loop ChicagoChicago, IllinoisNo. 3 in Chicago on Tripadvisor
Some of the buildings we run
The Bell Athens by Kasa LivingAthens, Georgia
Kasa at Boston CommonBoston, Massachusetts
Mint House 70 Pine by KasaNew York City, New York
Kasa Boston at FenwayBoston, Massachusetts
Mint House Menlo Park by KasaMenlo Park, California
Kasa Lantern Lower East SideNew York City, New York
The Hotel Castro San FranciscoSan Francisco, California
Kasa South Loop ChicagoChicago, Illinois
Kasa Lake Shore ChicagoChicago, Illinois
Kasa Little Italy San DiegoSan Diego, California
The Clyde Hotel Portland by Kasa LivingPortland, Oregon
The Frenchmen New Orleans by Kasa LivingNew Orleans, Louisiana
The Lafayette New Orleans by Kasa LivingNew Orleans, Louisiana
STILE Downtown Los AngelesLos Angeles, California
Kasa the Niche University City PhiladelphiaPhiladelphia, Pennsylvania
Kasa Impala Miami BeachMiami Beach, Florida
Hillsboro Beach Resort by KasaHillsboro Beach, Florida
Kasa La Monarca San FranciscoSan Francisco, California
Kasa Capitol Hill Downtown NashvilleNashville, Tennessee
Mint House St. Petersburg by KasaSt. Petersburg, Florida
The principles behind every building
Held by a team with more than $40 billion of experience in hospitality transactions, led by founder and CEO Roman Pedan.
Hall of Fame hospitality
Hospitality is our passion. We aim for service worthy of a retired jersey.
Partner trust
Trust is built over time: doing what we say, saying what we do, and listening closely.
Owner profit
Everyone at Kasa shares one goal: the most profit the property can make.
Financial discipline
We build for the long run, on a model that has stood the test of time.
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No report yet? Send the property’s address, how many units it has and how it runs today to partnerships@kasa.com, and we’ll talk through what a partnership could look like.