U Street Hostel

Creating unique high-end capsule hostel/hotel hybrids in the United States, including multiple businesses into one: gym, coffee bar, work, and living space!

  • Stage $1M in TTM Revenue
  • Industry Travel
  • Location Washington, DC, USA
  • Currency USD
  • Founded August 2008
  • Employees 12
  • Incorporation Type LLC
  • Website UStreetHostel.com

Company Summary

We are ONE OF THE FIRST of a kind high-end capsule hostel/hotel hybrid in USA. Our competitive prices are all-inclusive with a lounge, meeting areas, coffee bar, universal gym access, "we-work" type workspaces, and various other amenities! Financials are based on the next location, yet the business is scalable to take over EVERYWHERE in USA. Ideally, we would look to open tens of locations, with profitability in 20-25% NI/Gross

Team

  • Linas Matiukas
    Managing Partner

    Linas Matiukas attended American University and has a Bachelors in Business Administration and a Masters in Finance while minoring in Accounting, from the school of Kogod. He has all of the technical skills required for producing accurate financial forecasts and models, to be able to predict possible pitfalls and navigate the company towards the highest possible financial efficiency. An avid traveler, he’s been with the company since 2008.

  • Paulius Matiukas
    Managing Partner

    Paulius Matiukas holds a Bachelors in Business Administration from George Mason University, and is the final piece to the management puzzle. He’s been with the company for 9+ years as well, and previously worked for a market research firm “Fonitel” in Vilnius, Lithuania

Advisors

  • Jeff Gross
    Unconfirmed

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