Airbnb Apartment Complex In Florida Is Designed For Homesharing. But That Means Sharing Profits, Too.

Airbnb may be best known for turning existing homes into occasional hotels, but now it’s going a step further with a partnership around new, branded apartments.

The partner is the Miami-based Newgard Development Group, with which Airbnb will be working on a 324-unit apartment complex in Kissimmee, Florida. It will bear the name, “Niido Powered by Airbnb.”

While Airbnb rentals often provide an annoyance for neighbors, the tenants in this building should have no reason to complain --...

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