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Airbnb acquires New York headquarters for $81.5 million
Reading Time: 2 minutesUS: Airbnb has acquired its first office building in New York City for $81.5 million, signalling a long-term commitment to one of its largest employee hubs despite ongoing regulatory disputes over short-term rentals.
Airbnb sues New Orleans for “highly punitive enforcement regime”
Reading Time: 3 minutesUS: Airbnb has announced that it is suing the City of New Orleans over requirements for all home-sharing platforms including Airbnb to verify that all their listed properties are in compliance with city laws.
Airbnb urges NYC to reverse Local Law 18
Reading Time: 3 minutesUS: Airbnb has urged New York City authorities to reverse legislation that came into effect last September, citing rising rents and a lack of alternative and affordable accommodation choice in the city since the regulations were enforced 12 months ago.
LuxUrban Hotels ordered to pay $1.2m over “illegal” NYC rentals
Reading Time: 2 minutesUS: Miami-based short-term rental and hotel operator, LuxUrban Hotels, has been ordered to pay a $1.2 million fine to New York City authorities after being accused of operating almost 70 units illegally in Manhattan and Brooklyn.
Judge dismisses Airbnb lawsuit against New York City legislation
Reading Time: 2 minutesUS: A state Supreme Court judge has dismissed a lawsuit brought by Airbnb against New York City over what it called “extreme and oppressive” restrictions and a “de facto ban” against its short-term rental operations in the city.