A 33-storey building in downtown Austin, TX, will be built as a 249-unit hotel, as part of a “Powered by Airbnb” community designed for home sharing.

But rather than the Niido brand previously advertised and reported on here, the property will be the first of a new hospitality concept called Natiivo.

Both are operated by NGD Homesharing, a Miami-based firm with plans to roll out both brands quickly across the US.

Natiivo Austin will offer furnished studios, one-bedroom and two-bedroom hotel-licensed homes sharing lobby and common areas, co-working spaces, cafe lounge, fitness centre and rooftop pool deck.

Niido properties are described as serviced apartment communities designed for tenants to rent out their units via Airbnb in exchange for a percentage of profits. Natiivo will be built, licensed and operated as a functioning hotel, where individuals can buy units, stay in them – not as their primary residence — and rent them out as part of Airbnb’s Friendly Buildings Programme.

Natiivo hotels will have an onsite Airbnb-style MasterHost concierge available to both owners and guests, offering an inside view to the best local amenities, while its business model bypasses most cities’ regulations on short-term rentals.

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