Lyric to Shutter Up as Boss Switches Focus to Hospitality Software Startup

November 15, 2020

It’s no secret that the short-term accommodation sector was hit particularly hard by the pandemic. One company has given up on the fight and is switching gears to software development as its boss redirects his expertise to match the current market climate. 

Airbnb-backed short-term apartment rental startup, Lyric, is shutting its doors after it finalizes switching its last location to its competition, Mint House. 

CEO and Founder, Andrew Kitchell, says that he’s switching his attention to a hospitality software company he started back in 2014. Called Wheelhouse, this startup focuses on short-term rental operators instead of the properties, themselves. 

Kitchell assured that the Lyric operations will be handed over to Mint House seamlessly, along with its best properties and team members. 

This isn’t the only accommodation startup that’s had to shutter up because of the pandemic. Back in September, we reported on HubHaus, which was hit hard because of lockdown orders and quarantine. 

November 15, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Hemnet Building With Logo Editado
​Hemnet Delivers Strong Q1 Results Amidst Product Innovation and Market Momentum​

Sweden's leading property portal, Hemnet, has reported impressive financial results for the first quarter of 2025, showcasing the robust growth...

Read More
Product Update 2025Apr25 1
Product and Services Roundup: Loopnet, Finn.no, REA Group, Rightmove, Housing.com, AtHome.jp

This week's Product Roundup is flush with some of the biggest names in global real estate. We'll start in Europe,...

Read More
Offerpad Opendoor Stock 2
American iBuyers Opendoor and Offerpad Both Face Delisting From Stock Exchange

U.S.-based iBuying firm Offerpad has received a notice from the New York Stock Exchange regarding non-compliance with continued listing standards....

Read More
Untitled Design 9 3
Zillow Begins Rolling Back its Two-Tab Search Experience

Zillow has begun rolling out a major update to its search experience, moving away from a rule it once implemented...

Read More

Editor's Pick