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STR: Short-term rentals outperform hotels in three US markets
Reading Time: 2 minutesUS: Short-term rentals in three key US cities showed substantial month-to-month performance growth and posted higher occupancy than hotels in the market, according to October 2020 data from data benchmarking and analytics provider STR. Building on STR’s hotel performance database, Philadelphia, Nashville and Miami are the first three US markets where the company has expanded […]
Jurny reports “record” growth and locks in new locations
Reading Time: 2 minutesUS: Next-generation hospitality tech company Jurny, which offers SaaS-based management solutions, has announced that it has added new locations in Miami and Nashville and that it has achieved record company growth. The company now operates more than 270 hotel and short-term rental units across five markets, with more than 2,500 additional units in its […]
Harvey Hernandez subject to second lawsuit in two months
Reading Time: 2 minutesUS: Newgard Development Group CEO and founder of Hostiing, which has created brands such as Niido and Natiivo, Harvey Hernandez, is the subject of a second lawsuit in the space of two months after his company was sued for allegedly defaulting on a $2 million loan for a Centro Tower project in downtown Miami. The […]
Airbnb delivers fraud lawsuit to Miami development partner
Reading Time: 2 minutesUS: Airbnb is serving a lawsuit to Miami based developer Harvey Hernandez, accusing him of fraud after they had embarked on a partnership in mid 2019. According to the filed lawsuit, Airbnb had provided capital to Hernandez’s Newgard Development Group, for the opening of at least seven projects in 2019. Apparently, none have opened as […]
Airbnb to open first Miami Natiivo condo tower in 2022
Reading Time: < 1 minuteUS: Airbnb is set to open its first Natiivo condo tower in Downtown Miami, which is scheduled to open in Spring 2022. The 48-storey tower will hold 604 units, of which 412 will be condos and 192 will be hotel rooms, and all of them can be rented and managed through Airbnb’s home-sharing platform. Developer […]
Domio takes on mixed-use project in Wynwood in Miami
Reading Time: 2 minutesUS: Short-term rental operator Domio is expanding into Wynwood, Miami, for a mixed-use project that is currently under construction. Domio is taking over the residential component of the Related Group and Block Capital Group’s 175-unit project for apartments at The Bradley on 51 Northwest 26th Street. Lenny Kravitz’s Kravitz Design has been tasked with designing […]
Domio set to expand operations into South Florida
Reading Time: 2 minutesUS: Short-term rental operator Domio is set to expand its operations into South Florida, according to South Florida-based real estate news website The Real Deal. Speaking to the website, co-founder and CEO, Jay Roberts, said the New York-based startup had paid around $1.45 million to lease 45 units at the beachfront Monte Carlo at 6551 […]
Stay Alfred adds pair of downtown Miami locations
Reading Time: 2 minutesUS: Travel apartment provider Stay Alfred last week announced the addition of two downtown Miami locations, taking its domestic portfolio to 33 destinations. Since 2011, Stay Alfred has hosted more than 800,000 guests and it will now host travellers at its incoming Stay Alfred Brickell and Stay Alfred Little Havana properties. Stay Alfred Brickell, located […]