Wednesday, 24 October 2018

How Sonder got around NYC’s short-term rental law

Hospitality company Sonder is opening its first New York location. The company inked a master lease for 169 units at Metro Loft Management’s office-to-apartments conversion 20 Broad Street, where it will occupy the lower nine residential floors. It expects the units to open this quarter. San Francisco-based Sonder, founded in 2014, leases apartments and turns them into furnished short-term rentals that compete with hotels. In August the company raised $85 million in a Series C […]



source https://therealdeal.com/2018/10/24/how-sonder-got-around-nycs-short-term-rental-law/

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