Airbnb said it’s working with Miami-based developer Newgard Development Group to design a 324-unit apartment building that will carry the Airbnb name. Tenants will be encouraged to sublet their spaces online, and guests will have access to amenities commonly found in hotels.
The company, valued at $31 billion, lets landlords who agree to make Airbnb the exclusive rental site for tenants receive as much as 15 percent of earnings from hosts in their buildings. The profit-share agreement is designed to encourage landlords to commit to allowing tenants to use Airbnb without repercussions.
The first building in the new venture, called Niido Powered by Airbnb, will be in Kissimmee, Florida. It will feature keyless entry and on-demand concierge services, like cleaning and luggage storage. Tenants will be permitted to sublet their units only on Airbnb for up to 180 nights a year, the companies said.
Airbnb said the Florida complex is expected to open in the first quarter next year.
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