The 420 Hotels

The 420 Hotels

Early Stage

A new chain of boutique hotels and on-site cannabis consumption lounge

A new chain of boutique hotels and on-site cannabis consumption lounge

Overview

Raised to Date: Raised: $56,771

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/08/2023

Close Date

04/30/2023

Min. Goal
$10,000
Max. Goal
$426,943
Min. Investment

$200

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.18

Pre-Money Valuation

$7,540,276

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,092

# of Investors

100

Momentum
Funded
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Year Founded

2021

Industry

Travel and Hospitality

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Denver, Colorado

Business Type

Life Style

Company Website

The 420 Hotels, with a valuation of $7.54 million, is raising funds on StartEngine. It is a new chain of boutique hotels and an on-site cannabis consumption lounge. The keystone property is located at 420 E 11th in Denver, Colorado, and has generated $1 million in revenue in the past three years. The hotels under The 420 Hotels aim to offer a new type of cannabis hospitality by combining high-end hotel accommodations with a members-only cannabis club. Chris Chiari founded The 420 Hotels in April 2021. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $426,943.26. The campaign proceeds will be used for lounge construction and working capital.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$1,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0
Financials as of: 03/08/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
The 420 Hotels 04/29/2023 StartEngine $7,540,276 $56,771 Equity - Common Funded RegCF
The 420 Hotels 09/01/2022 Republic $6,000,000 $195,636 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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The 420 Hotels on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,540,276
Price per Share: $0.18

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