Reconfiguring residential units into hospitality spaces isn’t exactly what home sharing service Airbnb is known for, but it certainly aligns with their mission. That might explain why the company was the lead investor in a funding round last month that netted $160 million for the startup Lyric.
Lyric, founded in 2014, operates in 13 cities across the U.S. After leasing units in apartment buildings, the company renovates and restyles them for travelers with a suite of amenities. Lyric finely balances between styling its units as hospitality-minded spaces and livable apartments; it recognizes that while some travelers may use their rentals as “crash pads,” others might stay for a longer term and want to explore the culture of their host city.
AN Interior recently sat down with Nicole Bernstein, senior director of experience design, and Ravi Hampole, vice president of brand and design, to discuss the challenges, advantages, and design inspiration that drive Lyric.