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.
Great Plains Energy Inc (GXP) Price Target Raised to $35.00 The current Wall Street consensus is expecting Great Plains Energy Inc (NYSE: GXP ) to report EPS of $N/A for the quarter. Mckinley Capital Mgmt Ltd Llc Delaware has 0% invested in Great Plains Energy Incorporated (NYSE: GXP ) for 1,950 shares.
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.
The Company's imagery solutions and other services are sourced from its own satellite constellation and third-party providers. Janus Henderson Group PLC lifted its stake in shares of United Continental Holdings by 30,735.3% in the 2nd quarter.
Over the last three months, the shares of the company have changed 14.10% and performed 17.11% over the last six months. Its mean Altman Z-Score: -0.31 during the last 7 years, while average Beneish M-Score: -4.28 during the last 7 years.
The investment professionals in our partner's database now hold: 115.24 million shares, up from 101.39 million shares in 2017Q1. Following the completion of the sale, the insider now owns 510,714 shares in the company, valued at $19,049,632.20.
It follows BP PLC's decision a year ago to halt its own exploration efforts there, saying the project didn't stack up financially. It said while the Bight had massive potential, low oil prices had forced it to concentrate on other projects.
Elkhorn Partners Limited Partnership holds 48.8% of its portfolio in Kennedy-Wilson Holdings Inc for 4.03 million shares. The Firm owns, operates, and invests in real estate both on its own and through its investment management platform.
As per Tuesday, July 21, the company rating was reinitiated by Goldman Sachs. 83 funds opened positions while 54 raised stakes. Evercore Wealth Mgmt Lc invested in 65 shares or 0% of the stock. 5,687 are held by Metropolitan Life Ins New York.
Mizuho maintained it with "Neutral" rating and $88 target in Friday, October 21 report. 11,995 are held by Security Natl Trust. The sales growth rate helps investors determine how strong the overall growth-orientation is for a stock or portfolio.
D Orazio & Associates Inc. boosted its position in Norfolk Souther Corporation by 0.5% during the 1st quarter. (NYSE:NSC). On average, equities analysts expect that Norfolk Southern Corp. will post $6.35 earnings per share for the current year.
The founders of billion-dollar titan Riot Games have shrugged off managerial duties to focus on their passion: making great games. Besides League of Legends , Riot Games has only developed and published a tabletop spin-off product called Mechs vs.
PNC Financial Services tops Street 3Q forecasts
First Financial Bank Co Of Newtown holds 0.32% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC) for 8,909 shares. The financial services provider reported $1.96 EPS for the quarter, beating the Zacks' consensus estimate of $1.83 by $0.13.
European Council building in poison alert
The European Council said the building will still be used for next week's EU leadership summit, where Brexit will be discussed. The building, which usually hosts ministerial meetings and leaders of twenty-eight, had to be evacuated temporarily.
Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
Automobile industry magazines have termed the tax as "Tesla Tax" as it would impact Tesla's expensive Model S and Model X SUV. There are more than 13,000 registered Teslas in Norway, according to data from the national statistics office.
Growth Analysis of Delta Air Lines, Inc. (DAL)
It also demonstrates a stable dividend policy for Delta Air Lines, Inc . connected to the long-run, with viable earnings. A number of hedge funds and other institutional investors have recently made changes to their positions in the stock.
Analysts Ratings on: Diamond Offshore Drilling, Inc. (DO)
Investors generally keep an extensive variety of technical indicators at their disposal for completing technical stock analysis. Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0, and a price to sales ratio of 0.18.
IRS reportedly suspends $7.2 million Equifax contract
An Equifax vendor was "running code that was serving malicious content" on the Equifax site, the company said in a statement. If you have already enrolled, you're fine and can continue to access your account online.
Visa Inc. (V) Upgraded at Wells Fargo & Company
After $0.14 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts -71.43% negative EPS growth. Visa now has an average rating of "Buy" and an average target price of $109.40. (NYSE:V), 28 have Buy rating, 0 Sell and 6 Hold.