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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
Nearly all of the entertainment venues in the area had been replaced with stores and apartments. [33] Most of the hotel's occupants were long-term residents, who rarely moved away [134] due to the low rental rates. [135] Nouveaux Realistes artists also began to frequent the hotel in the 1960s, [136] and pop artists often collaborated there by ...
An apartment hotel or aparthotel (also residential hotel, or extended-stay hotel) is a serviced apartment complex that uses a hotel-style booking system. It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company.
Sonder Holdings Inc. manages short-term rentals, such as apartment hotels, in North America, Europe, and Dubai. [2] [3] It was founded in Montreal, Canada in 2014 and since 2016 has been based in San Francisco, California. [4] [5] Sonder manages over 9,000 units in over 40 cities in 10 countries and has served over 1 million guests. [6]
Vacation rental bedroom in Liesing, Austria. A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. The term vacation rental is mainly used in the US.
In 2006, Kingdom Hotels International and Colony Capital purchased Fairmont, consolidating their hotel brands to form Fairmont Raffles Hotels International (FRHI), which in turn became a subsidiary of AccorHotels in 2016. In 2007, BC Investment Management Corp. bought Delta Hotels, which was purchased by Marriott International in 2015.
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