Airbnb-Branded Apartments Could Change The Dynamic Of Short-Term Rentals

Airbnb is introducing a branded apartment concept.

Working with developer Newgard Development Group, the home-sharing giant will be creating “Niido Powered by Airbnb,” a 300-unit apartment building near Walt Disney World Resorts in Kissimmee, Florida, The Verge reports.

The apartment building is slated to open in 2018 and will be designed with rentals in mind, offering features such as keyless entry and secure storage options for when tenants rent out the unit.

Bookings, which can reach a maximum of 180 days per year, will be managed through a new app that is integrated with Airbnb and allows tenants to manage a guest's stay remotely, including tending to items such as cleaning and linen services, CNN Tech reports.

Residents will have to share some of the earnings with Newgard and Airbnb. Newgard will take 25%, while Airbnb will take 3%.

Over the next two years, the duo plans to build another 2,000 Airbnb-branded units across the southeastern U.S., starting with an additional five apartment complexes.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift