Airbnb and its partner Niido, a brand from the Florida-based development company Newgard, could open as many as 14 co-branded apartment complexes geared toward tenants who want to sublet their units as short-term rentals, according to a report in Bloomberg.

The second “Niido powered by Airbnb” apartment recently opened in Nashville, Tennessee, following on the heels of another building in Kissimmee, Florida, that opened in 2017.

Tenants in the buildings are encouraged to rent out their apartments on Airbnb when they’re not there, for up to half a year, and Niido provides on-site cleaning services, keyless doors, in-room secure storage and an onsite concierge to handle nightly Airbnb guests.

Airbnb’s Kissimmee project took over a pre-existing 324-unit building in 2017, prompting complaints from residents who didn’t sign up to live in an Airbnb hotel.

The new building contains 328 units in downtown Nashville. In both buildings, Niido takes a 25 percent cut of its tenants’ Airbnb earnings.

Niido does most of the heavy lifting on these projects. The developer purchased the Nashville building. Airbnb connects the apartment buildings with its homesharing platform and slaps its name on the complexes.

Niido Powered by Airbnb co-founder Cindy Diffenderfer told Bloomberg that the two companies could have up to 14 branded apartment complexes around the country by the end of 2019, but Niido and Airbnb both walked back those claims to the publication.

Airbnb declined to comment to Bloomberg, and a Niido representative told the publication that plans could change. Airbnb didn’t immediately respond to request for comment from Inman.

“We have a pretty aggressive growth strategy,” Differnderfer told Bloomberg.

In 2017, a developer said Airbnb and Niido would have around five more buildings in a two-year time frame.

Email Emma Hinchliffe

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription