Airbnb Paid $81 Million for a Building in NYC — the Only One It Now Owns
AI Summary
Airbnb has deviated slightly from its asset-light strategy by purchasing a building in New York City for $81.5 million. The building will be used as an office and is not intended for Airbnb's typical lodging services.
Airbnb abandoned its asset-light strategy just a tad, purchasing a New York City building for $81.5 million. It will be an office — there are no plans to "Airbnb" it.
Markets Deals Real Estate Airbnb real estate purchase New York City office building asset-light strategy