The 420 Hotels (2023)

The 420 Hotels (2023)

About this raise

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.

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Investment Overview

Invested this round: $56,771

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/09/2023
Close Date
04/30/2023
Min. Goal
$10,000
Max Goal
$426,943
Min. Investment

$200

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.18

Pre-Money Valuation

$7,540,276

Company & Team

Company

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
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Chris Chiari
Title
CEO

Financials

 Revenue
$0
as of FY2021
 Cash on Hand
$0
as of FY2021

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,695,467
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 StartEngine $7,540,276 $56,771 Equity - Common Funded RegCF
09/02/2022 Republic $6,000,000 $195,636 SAFE Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

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

Employee History

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Add to portfolio
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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Follow The 420 Hotels on StartEngine 2023

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Warning: according to the close date for this deal, The 420 Hotels may no longer be accepting investments.

The 420 Hotels Deal Report

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  • Detailed price, market, team, differentiators, performance, and risk ratings
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