Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
January 11, 2021

The Pandemic Is Killing The Master Lease Model Of Short-Term Rentals

[Digital Summit] Secure Your Spot At NYC 2021 Economic Forecast: A Transformative Period Under The Microscope Jan. 19

As the rousing success of Airbnb’s initial public offering has shown, the short-term rental market hasn’t suffered as deeply as the greater hospitality industry. But one type of short-term rental business may not survive this recession.

The Pandemic Is Killing The Master Lease Model Of Short-Term Rentals

Some companies founded in the previous growth cycle have built their portfolio of rooms by leasing blocks of apartments from multifamily landlords, furnishing and managing those rooms for stays averaging a couple of days. These “master lease” companies have faced a similar problem with their business model as 

Read the full story here.

  Share:  

 
Perforation

Top Stories on Bisnow.com

At The Epicenter: How Property Managers Are Weathering COVID’s Many Challenges At The Epicenter: How Property Managers Are Weathering COVID’s Many Challenges
Fifth Wall, Tastemaker Form SPACs To Fund CRE Deals Fifth Wall, Tastemaker Form SPACs To Fund CRE Deals
'Brace Yourself': Economists React To December Jobs Report On Twitter 'Brace Yourself': Economists React To December Jobs Report On Twitter
CRE Roundly Condemns U.S. Capitol Insurrection CRE Roundly Condemns U.S. Capitol Insurrection
Perforation

Buffalo Wild Wings Sued For $3M In Back Rent, Taxes At Closed Times Square Location

Buffalo Wild Wings Sued For $3M In Back Rent, Taxes At Closed Times Square Location

Another Times Square retailer is being sued, this time for rent that its landlord claims went unpaid months before the coronavirus pandemic hit. An affiliate of Friedland Properties claims the owner of the Buffalo Wild Wings at 253 West 47th St. owes it $3M plus interest in monthly rent, taxes…

Read the full story here.

  Share:  
 
Perforation

Cuomo Pitches $60M High Line Extension To New Penn Station Train Hall

Cuomo Pitches $60M High Line Extension To New Penn Station Train Hall  

A new era for the High Line on Manhattan’s west side is coming, with plans afoot for it to be extended to reach the recently opened Moynihan Train Hall. The elevated pathway, which currently runs from Gansevoort Street in the Meatpacking District up to Hudson Yards, will have another L-shaped…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

'Not Out Of The Woods Yet': NYC Hotel Market Is In For A Rough Start To 2021 'Not Out Of The Woods Yet': NYC Hotel Market Is In For A Rough Start To 2021
Booze Companies Team Up To Fund $3M New York Restaurant Grant Program Booze Companies Team Up To Fund $3M New York Restaurant Grant Program
2020 Was The Manhattan Office Market's Worst Year This Century 2020 Was The Manhattan Office Market's Worst Year This Century
HFZ's High Line Lender Asks Judge To Award It $160M In Unpaid Loan Payments HFZ's High Line Lender Asks Judge To Award It $160M In Unpaid Loan Payments
Columbia University Development Exec Arrested For Sexual Assault Of A Minor Columbia University Development Exec Arrested For Sexual Assault Of A Minor
 
Perforation

U.S. Government Urges Data Center Efficiency Programs

 

Nestled in a 5,593-page federal spending bill approved last month were several provisions that could tighten energy standards for data centers.

The $2.3 trillion Consolidated Appropriations Act, which included $900B in coronavirus relief measures, was signed into law on Dec. 27. As part of a section on energy policy, the sweeping bill establishes a “data center energy practitioner program,” which would certify experts in data center efficiency, among other provisions.

“Those skills exist in consultancies or large companies, but they’re not available to some of the smaller data centers out there,” said Eric Masanet, a professor at Northwestern University who studies data center energy consumption. 

Read the full story here.

 
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 45096