Here’s what makes it distinctly Airbnb: Tenants will be able to rent out their units for up to 180 nights every year. Those who opt to rent out their apartments on Airbnb will share revenues with their landlord, Newgard said. When asked if Airbnb apartment buildings will expand beyond that region, Hernandez said “absolutely.”
Among those markets are Nashville, Tenn.; Charleston, South Carolina; and cities in Texas, he said. It will feature keyless entry and shared common spaces. 28.291956
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$60,000 Worth of Valuables Stolen From Alhambra Home Rented Through Airbnb Critics of the startup argue that its services turn otherwise rentable apartments into unofficial hotels, thereby eliminating affordable housing. That way landlords can also get a revenue split on the profits. Last year, the startup established a “Friendly Building Program” to help landlords set the terms for tenants who want to rent out their places on Airbnb. Tenants will be required to sign annual leases which will be “regular market rate,” Hernandez said. The modern complex will be built by Miami-based developer Newgard Development Group. Airbnb — valued at $31 billion — has run afoul with some buildings and cities in recent years. Tenants will have access to a new app that’s integrated with Airbnb that will help them manage guest stays remotely, from overseeing check-ins to arranging cleaning and linen services. Airbnb wants to prove it can be a landlord-friendly service. In the announcement, Hernandez said the new model “eliminates barriers by encouraging home sharing and creating solutions that work for everyone.”
Airbnb said the building is the first of a series of developments that will support its home sharing model across the Southeastern U.S. A screen showing the logo for lodging service Airbnb is seen on a computer screen in the company’s offices in Paris on April 21, 2015.(Credit: Martin Bureau/AFP/Getty Images)
The building, which will be branded as “Niido Powered by Airbnb,” is slated to open in early 2018. Newgard CEO Harvey Hernandez told CNN Tech that tenants will keep 75% of the revenue. The short-term rental startup announced on Thursday plans to build a 324-unit apartment building in Kissimmee, Florida — located near Walt Disney World Resorts. The rest will go to the development group. Related: You can now book a restaurant reservation on Airbnb
“This partnership shows how landlords, developers and Airbnb can work together to create value for everyone and better serve tenants,” said Jaja Jackson, Airbnb’s director of global multifamily housing partnerships.