Airbnb-Branded Apartment Buildings Are Coming to the US

Airbnb is teaming up with a local developer to create a large apartment complex in Florida

The apartment building will come with extra services to help you rent out your apartment on Airbnb for up to half the year.

The San Francisco company said it's working with Miami-based developer Newgard Development Group to design a 324-unit apartment building that will carry the Airbnb name.

We reached out to Airbnb for more information on how it will generate revenue from this project and others like it, other than the general growth of home-sharing. Tenants will be encouraged to sublet their spaces online, and guests will have access to amenities commonly found in hotels. Newgard, on the other hand, will share in profits from the building's Airbnb rentals, which it will use to develop similar properties.

"We want to take home-sharing to everywhere in the U.S. that we can", he said. Critics have also said abundant rentals drive up housing costs and disrupt neighborhoods.

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While Airbnb continues to grow its number of hosts and guests on the platform, sending the hotel industry into a frenzy, landlords and building owners don't share the same enthusiasm for the home-sharing platform as Airbnb users.

When the apartments are listed on Airbnb, the property developer gets 25 percent, Airbnb gets 3 percent, and tenants get the remaining 72 percent. The profit-share agreement is created to encourage landlords to commit to allowing tenants to use Airbnb without repercussions. Hernandez said tenants are allowed to, in effect, sub-let their apartments 180 days out of the year, or an unlimited time per year, if the host stays in the residence.

The first fruit of this partnership will be a 300-home development near Orlando branded as "Niido powered by Airbnb", with the prospect of the format being rolled out at scale if successful with a further five target sites already in the team's crosshairs. It will feature keyless entry and on-demand concierge services, like cleaning and luggage storage.

Airbnb - valued at $31 billion - has run afoul with some buildings and cities in recent years.

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