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Airbnb To Collect Hotel Taxes for San Francisco

Airbnb To Collect Hotel Taxes for San Francisco

Following its offer to collect and pay $21 million in taxes in New York City and a smaller initiative in Portland, Airbnb has agreed to pay the San Francisco’s 14 percent hotel tax by the summer. The move could potentially add ...

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Downtown Baltimore to Add 400 Hotel Rooms

Downtown Baltimore to Add 400 Hotel Rooms

Baltimore is on pace to add 400 hotel rooms by the end of the year, according to this article in the Baltimore Business Journal. The city already has 9,000 rooms. A 150-room Crowne Plaza Hotel and a 42-room La Quinta ...

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Airbnb Near Deal with Portland Over Short-Term Rentals

Airbnb Near Deal with Portland Over Short-Term Rentals

Online vacation-rental service Airbnb, which has been operating in Portland outside of the land-use rules that govern other short-term lodging, says it’s near a deal with the city to collect taxes on those rentals, according to this article from The ...

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La Quinta to Raise Up to $781 Million in IPO

La Quinta to Raise Up to $781 Million in IPO

Blackstone-backed La Quinta is seeking to raise as much as $781 million in its U.S. initial share sale. La Quinta plans to sell 37.2 million shares for $18 to $21 each, according to a filing today with the Securities and ...

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