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All 16 condos in the commercially-zoned Ritz-Carlton in Manhattan's NoMad district have been purchased by investors who plan to use them as short-term residential properties.
News

NoMad Ritz-Carlton Sells Out Condo Units Thanks To Airbnb Workaround

... -year leases. The city has moved to crack down on Airbnb and other short-term rentals in recent years, most recently ...

Aug 02, 2023
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selina
News

Sonder, Selina Aim To Upset Airbnb

... familiar with the matter. Greylock Partners (a backer of Airbnb), Spark Capital and Structure Capital are among the existing ... is expanding into more conventional hospitality territory. In 2018, Airbnb more than doubled the number of rooms available at ...

Apr 24, 2019
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Court Halts Law Aimed At Clamping Down On Airbnb Rentals
News

Court Halts Law Aimed At Clamping Down On Airbnb Rentals

... District Court in Manhattan issued a preliminary injunction requested by Airbnb and fellow home-share site HomeAway, the New York Times ... own homes.” The city has argued that providers like Airbnb allow apartments to be turned into unsafe lodgings and are ...

Jan 03, 2019
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It's War: Manchester Clamps Down On Profiteering 10% Resi Yields And Airbnb
News

It's War: Manchester Clamps Down On Profiteering 10% Resi Yields And Airbnb

... let rental market and curbs on short-term Airbnb-style lettings. The strategy, which leaves ... 000 listed, up to 75% let through Airbnb and 50% of which are in the ... neighbourhood. Council data shows that the number of Airbnb listings fell by 16% in Q2 2020.  ...

Sep 08, 2020
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‘Step In the Right Direction’ — Why NYC’s Latest Curb On Airbnb Is Welcome News For Landlords
News

‘Step In the Right Direction’ — Why NYC’s Latest Curb On Airbnb Is Welcome News For Landlords

... be $25K. The city’s argument is that outfits like Airbnb are worsening the city’s housing affordability crisis by driving ... harassment and privacy violations, rubber stamped by the City Council.” Airbnb is bankrolling one host's lawsuit against the city, in ...

Jul 23, 2018
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NYC Mayor Subpoenas Airbnb In Escalation Over Short-Term Rental Regulation
News

NYC Mayor Subpoenas Airbnb In Escalation Over Short-Term Rental Regulation

... to move ahead the further litigation is resolved. Critics of Airbnb say that it worsens the city’s housing affordability problems ... , but Airbnb Head of Global Policy Chris Lehane wrote in a letter ...

Feb 20, 2019
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Marriott Launches Home-Sharing Service In U.S. To Compete With Airbnb
News

Marriott Launches Home-Sharing Service In U.S. To Compete With Airbnb

... a player in the same arena as Airbnb. The worldwide leader in hotel rooms ... market could have something to do with Airbnb's impending initial public offering, which ... positions in the home-sharing arena before Airbnb establishes more dominance with the billions ...

Apr 29, 2019
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Brooklyn Borough President Backs Legislation Aimed At Limiting Airbnb
News

Brooklyn Borough President Backs Legislation Aimed At Limiting Airbnb

... housing units that could be available for long-term rental." Airbnb is trying to push forward with state legislation that would ... in New York. It argues legislation is aimed at reducing Airbnb to appease the hotel lobby. “The borough president needs to ...

Jun 20, 2018
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Artist Evicted, Hit With $185K Fine For Putting Rent-Stabilized Loft On Airbnb
News

Artist Evicted, Hit With $185K Fine For Putting Rent-Stabilized Loft On Airbnb

... a month by renting it out on Airbnb, her landlord claimed in court documents. ... highest in the country for an Airbnb offense. Airbnb operators who list multiple properties on ... the city released a report claiming that Airbnb had cost New Yorkers at least $ ...

May 11, 2018
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Airbnb sign, logo
News

The Hotel Industry Has Been Quietly Working To Dismantle Airbnb

... have taken credit for many of the major setbacks Airbnb has encountered, calling the Federal Trade Commission’s investigation ... term-prosperity-for-hoteliers-73099?utm_source=CopyShare&utm_medium=Browser Airbnb has over 3 million listings in over 191 ...

Apr 17, 2017
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