A new concept debuting in Austin combines condo ownership and short-term renting with 249 hotel-licensed homes. Unit owners will purchase condos with the intention of listing their unit on the Airbnb platform or independently or through Natiivo management, a new brand by NGD Homesharing. The development planned for 48 East Avenue in the Rainey Street District will feature 33 floors of fully-amenitized and furnished studios, one-bedroom and two bedroom units. Due to the hotel-license, owners are not intended to stay at the property for more than 30 days at a time. Read the article………………..
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