Tuesday December 9, 2014 0 comments
DENVER - SuiteHop, a marketplace for luxury suites at sport and entertainment venues across the U.S., announced the completion of a $1 million equity funding round and the addition of more than $5 million of suite inventory.
With inventory from more than 550 events, SuiteHop said it is rapidly expanding to become the leader in the marketplace for the purchase of luxury suites.
SuiteHop said its streamlined platform allows users to directly book entire suites or individual seats in suites that normally are only sold in single or multi-year contracts, making it possible to obtain the unused luxury suites that were previously difficult to access.
"SuiteHop is changing the market for suite tickets by providing a way for companies and individuals to purchase luxury suite tickets without having to go through a broker," said Todd Lindenbaum, SuiteHop CEO.
"Our investors can see the value in a service that provides a benefit to lease owners, potential suite buyers, arena owners and the teams themselves. We expect in the coming months to see even more additions to our large inventory."
SuiteHop, based in Denver, launched Oct. 28 and was created by Sport Shares, a private club that grants members access to all-inclusive suites, first-class member services and in-suite dedicated concierges.
"SuiteHop has a great business model that just makes sense," said Jeff Kurtzman, investor and co-founder of Better World Books. "It is perfect for small to mid-sized businesses that want access to suites but can't afford leasing an entire suite for a year."