Kasa Living, Inc. Partners with New York-based Delshah Capital to Open Second Property in Manhattan
20 new Kasas arrive in the coveted Lower East Side neighborhood
NEW YORK, Dec. 6, 2022 — Kasa Living, Inc., a tech-enhanced, flexible accommodations brand and operator, will soon welcome a new property to its portfolio. Kasa Lantern LES opens December 12, 2022. New York-based Delshah Capital owns the property, which it acquired in February 2021.
Situated in the heart of Manhattan’s Lower East Side, Kasa Lantern LES will bring 20 new Kasas to 120 Allen Street, a recently constructed “aparthotel,” thoughtfully designed by New York City design firm Grzywinski+Pons to pay homage to the neighborhood’s tenement block origins.
With generously sized rooms showcasing high-end finishes and a residential appeal, more than half of the Kasa’s will feature a kitchen or kitchenette, and all will include Vertuo Nespresso machines, luxurious linens, and ultra-fast Wi-Fi. Select Kasa penthouses boast sweeping city views and private outdoor terraces. The building’s lower levels host Ye’s Apothecary, an intimate tapas and speakeasy bar serving modern Szechuan cuisine and inventive, herbal-infused cocktails.
Like all Kasas, the property will feature online check-in, a Virtual Front Desk, and smart locks allowing guests to enjoy a seamless travel experience from the moment they arrive. Kasa’s guest experience team is available 24/7 via text, chat, or phone.
Kasa is partnering with Delshah Capital, a vertically integrated real estate private equity and asset management firm, to bring Kasa Lantern LES to life. “We’re excited to partner with Kasa to usher in an exciting new chapter for this special property,” said Michael Shah, CEO of Delshah Capital. “Given the continued rise in digital nomads and remote working, Kasa’s flexible residential operating model is a great fit for Manhattan’s hip Lower East Side, where young professionals and creatives want to work and play. I am excited to take this first collaboration with Kasa and hope it leads to more.”
“The Lower East Side has long been one of New York’s most vibrant and youthful neighborhoods, and a beacon for the modern traveler. We’re enthusiastic for the chance to showcase our brand of tech-enabled hospitality in such an exciting and dynamic location,” said Roman Pedan, Founder and CEO of Kasa.