Travelers encounter various issues when they seek a spot to relax briefly. They don’t always wish to reserve a complete night at a hotel. Yannis Moati and Brian Dass recognized this issue. They established Hotels by Day to assist individuals. Their application enables users to reserve hotel rooms for only a couple of hours. This assists travelers in saving money and provides hotels with an opportunity to generate additional income from vacant rooms.
The two founders presented their concept on Shark Tank during Season 8. They requested $750,000 in return for 10% ownership in their company. Will the entrepreneur get a deal on Shark Tank? Check out the Hotels by Day update to find out!
Hotels by Day Net Worth Shark Tank Update 2025
Yannis Moati and Brian Dass asked for a $750k investment in exchange for 10% equity in their company. This meant they valued their company at $7.5 million. They did not make a deal with any of the Sharks. After the show aired, Hotels by Day saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Hotels by Day is about $12.1 million.
Hotels by Day did not secure an agreement on Shark Tank. Although they departed without resources they continued onward. They broadened their hotel collaborations. In 2020 bookings decreased by 82% due to the pandemic. However remote work attracted new clients. Individuals began utilizing Hotels by Day for tranquil work environments.
By the middle of 2021, the company had teamed up with more than 1500 hotels. They emerged as a leader in providing hotel rooms for daytime use. In 2022 they grew into Europe. They also launched a new service named FlexBook. FlexBook enables adaptable check-in and check-out for overnight accommodations. Currently, Hotels by Day generates approximately $5 million in annual revenue. They likewise provide Work Rooms and Meeting Rooms. The business remains operational and continues to expand.
No Hotels by Day did not get a deal. The founders asked for $750,000 for 10% equity. The Sharks liked the idea but had many concerns. They felt the business was risky and poorly managed. They also thought the technology was not unique enough. Mark Cuban, Lori Greiner, Kevin O’Leary, Robert Herjavec, and Chris Sacca all decided not to invest. Despite leaving without a deal Yannis and Brian continued to grow their company.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Chris Sacca | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
Hotels by Day Shark Tank pitch
Yannis Moati and Brian Dass founded Hotels by Day to address an issue. They observed that numerous hotel rooms remained vacant throughout the day. Simultaneously, travelers sought brief accommodations but struggled to locate adaptable choices. This motivated them to develop their application. It enables individuals to reserve hotel rooms for a few hours rather than an entire night. Their objective was to assist both tourists and accommodations.
The trip was challenging. In the initial period, they encountered numerous obstacles. They needed to persuade hotels to collaborate with them. Numerous hotels were hesitant about providing day-use rooms. The creators also needed to create the appropriate technology for their applications. This required both time and money. A different difficulty was advertising.
They had to connect with travelers and clarify how their app functioned. In spite of these challenges, Yannis and Brian persevered. They had faith in their concept and continued to put in effort.
Yannis and Brian walked into Shark Tank filled with optimism. They sought $750,000 in exchange for 10% ownership of their business. They began their presentation by clarifying the issue they aimed to address. They explained that Hotels by Day enables travelers to reserve hotel rooms for only the hours they require. This allows hotels to generate additional revenue from rooms that would otherwise remain unoccupied.
The founders provided their figures as well. At that moment they were collaborating with 300 hotels. They finished 6500 reservations generating $127,000 in income. They thought their app possessed significant potential. Yannis and Brian sought assistance from the Sharks to grow their business and enhance their marketing efforts. They expressed their goal of establishing Hotels by Day as a leader in adaptable hotel accommodations.
The Sharks posed numerous inquiries regarding Hotels by Day. Robert Herjavec inquired about costs. Yannis stated that a stay of six hours is priced at $90. Kevin O’Leary was curious about why other reservation websites didn’t provide this service. Yannis mentioned that the necessary technology was not available yet. Chris Sacca inquired about what set their technology apart. The creators attempted to clarify their “channel management” system yet their responses baffled the Sharks.
Mark Cuban quipped that their presentation resembled a Saturday Night Live sketch. He also mentioned that their revenue figures were insufficient. Lori Greiner believed the business had too many gaps. Robert found the concept appealing but feared that large hotel chains might replicate it. Kevin believed the founders rendered investment unattainable. Chris believed they poorly articulated their concept. Every Shark chose not to invest.
The Sharks had varied reactions to the proposal. They appreciated the idea but were uncertain about the implementation. Mark Cuban believed the venture lacked scalability. He believed the revenue figures were too low to create a significant effect. Lori Greiner mentioned that the business plan had excessive gaps. Robert Herjavec believed that major hotel chains could readily duplicate the concept.
Kevin O’Leary and Chris Sacca believed the technology lacked sufficient uniqueness. While the founders responded to inquiries the Sharks became increasingly doubtful. They believed the presentation was vague and the venture was hazardous. Step by step the Sharks announced their exit. Yannis and Brian departed without reaching an agreement. Nonetheless, they persisted in developing their concept and expanding their business.
What Went Wrong With Hotels by Day On Shark Tank?
Multiple factors hindered the founders from securing a deal. The Sharks considered the venture to be high-risk. The revenue figures were insufficient to indicate significant growth potential. The founders found it difficult to articulate their technology. This led the Sharks to question its distinctiveness. Mark Cuban stated that the enterprise was not scalable.
Lori Greiner believed there were excessive unanswered questions. Robert Herjavec was concerned about competition posed by large hotel chains. Kevin O’Leary and Chris Sacca believed the presentation was inadequately executed. These elements caused every Shark to withdraw.
Product Availability
Hotels by Day offers many services. Their app allows users to book hotel rooms for a few hours. They also offer Work Rooms, Meeting Rooms, Event Spaces and Coworking Desks. The app is easy to use. Customers can browse available hotels and book quickly. The company’s services are available in many cities. They have over 1500 hotel partners. In 2022 they expanded to Europe.
Customers can book rooms in major European cities. The app is available for download on iOS and Android. Users can also book through the company’s website. Pricing varies depending on the hotel and length of stay. Hotels by Day continues to grow. They have added new features like FlexBook. This allows flexible check-in and check-out times for overnight stays. The company is focused on innovation and meeting customer needs.
Conclusion
Hotels by Day faced challenges on Shark Tank but did not give up. The founders left without a deal but they kept working hard. They expanded their hotel partnerships and added new services. The company is now a leader in flexible hotel stays.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
