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Deals & Dealmakers

Airbnb buys Greystar backed apartment platform

Airbnb has acquired Urbandoorwe, a global online marketplace where professionals can find furnished and serviced apartments for extended business trips, relocations and other longer-term stays.

Airbnb’s mission is to create an end-to-end travel platform that combines where you stay, what you do, and
how you get there, all in one place.

Urbandoor, incubated with support from Greystar Real Estate Partners, and founded by Erik Eccles, Benjamin Renaud, and Zack Chandler in 2015, brings together technologists, entrepreneurs, real estate and hospitality professionals to connect guests with furnished apartment options .

Today, the Urbandoor footprint includes apartment communities in more than 1,500 cities in over 60 countries.

“We started Urbandoor because we wanted to connect traveling and relocating professionals with the right apartment every time, anywhere. Joining the Airbnb family will help us make good on our goals and expand our work with multifamily and corporate housing partners to bring even more great places to stay to Airbnb travelers,” said Eccles.

The acquisition will strengthen Airbnb for Work’s engagement with the more than 500,000 companies who use Airbnb for Work to help manage their business travel.

Bob Faith, Founder, Chairman and CEO, Greystar, commented, “As the global leader in the constantly evolving rental housing industry, Greystar is focused on aligning with innovative firms, such as Airbnb… and we are looking forward to collaborating with Airbnb to find additional ways to create value for our clients and enhance our resident experience.”

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