Tenants in the development will be able to rent their units out for up to 180 days per year
AirBnB has partnered with Miami-based Newgard Development Group to build a 342-unit residential unit in Kissimmee, Florida, that will be “optimized for home sharing and flexible living,” according to a release from the hospitality company.
Residents in the development, named Niido Powered by Airbnb, will be able to rent their units out on AirBnB for up to 180 days per year. The building will feature high-end amenities such as keyless entry, on-demand concierge and shared common spaces.
“Niido tenants will sign annual leases and will be permitted to homeshare individual rooms or their entire units through AirBnB for up to 180 nights per year. Tenants who choose to share their homes will be part of AirBnB’s Friendly Buildings Program, in which hosts and landlords share revenues generated from home sharing,” stated the release. "AirBnB and Niido will work together to design new units and buildings that include features like keyless entry and shared common spaces that make them optimal for home sharing. Niido will fully support the costs of construction and retain full ownership of the buildings.”
The project is the first in a series of developments spearheaded by Newgard, who plan to bring more home-sharing developments to the Southeastern United States.
“As the cost of living increases, apartment renters are under intense financial pressure,” Newgard CEO Harvey Hernandez stated. “Together with AirBnB, Niido’s unique multifamily home-sharing model provides a powerful solution to this ongoing problem by delivering extra income for tenants while creating enhanced experiences for their guests.”