Airbnb is partnering with RXR Realty to convert portions of New York City commercial properties into a 'new category of urban lodging.'
Airbnb is partnering with a major New York real estate developer, RXR Realty, to convert portions of New York City commercial properties into a "new category of urban lodging."This is Airbnb's biggest move into the traditional hotel space.John MacDougall | AFP | Getty Images
The two companies are starting with the iconic Rockefeller Plaza in Manhattan, converting ten floors into "high-end apartment-style suites." They are also exploring collaboration at other RXR properties, including a development across from the Brooklyn Navy Yard. The release says that the RXR/Airbnb project will be in compliance with union and operating regulations, including that of the New York Hotel Trades Council.
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