Domio raised $12 million in Series A funding to build 'apart hotels' across the US

Domio, a two-year-old, New York-based outfit, thinks there's a third way: apartment hotels, or "apart hotels," as the company is calling them. The idea is to build a brand that travelers recognize as upscale yet affordable, more tech friendly than boutique hotels and features plenty of square footage, which it expects will appeal to both families as well as companies that send teams of employees to cities and want to do it more economically. Domio has a host of competitors, if you'll forgive the pun.