Health Care

Airbnb Apartment Building to Be Built Near Disney World

"Niido Powered by Airbnb" is the name of the branded complexes and it's first project will be found in Kissimmee. The building will have keyless entry and offer concierge services.

The 324-unit building, which will be built just outside of Orlando in Kissimmee, will feature hotel-like amenities and encourage tenants to sublease their spaces online, Bloomberg reported. However, the project is overseen by Miami-based Newgard Development group, who will retain 100 percent ownership of the complex. If they stay with the guest, which is called a "hosted stay", there is no limit. The profit-share agreement is created to encourage landlords to commit to allowing tenants to use Airbnb without repercussions.

Tenants will be required to sign annual leases which will be "regular market rate", Hernandez said.

Airbnb's director of global multifamily partnerships, the leader of the project, told CNBC that if they find success with this property, "we hope that we'd roll this out across the USA and internationally". The company, valued at US$31 billion (RM130.7 billion), lets landlords who agree to make Airbnb the exclusive rental site for tenants receive as much as 15 per cent of earnings from hosts in their buildings. That way landlords can also get a revenue split on the profits.

Airbnb said the building is the first of a series of developments that will support its home sharing model across the Southeastern U.S. When asked if Airbnb apartment buildings will expand beyond that region, Hernandez said "absolutely".

Among those markets are Nashville, Tenn.; Charleston, South Carolina; and cities in Texas, he said.



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