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 this Round: 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

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

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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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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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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