The Real Deal New York

Bruce Ratner: Airbnb is a “remarkable thing”: VIDEO

Developer described the hospitality industry as "inefficient"
March 03, 2015 12:25PM

Forest City Ratner’s Bruce Ratner yesterday expressed his unbridled support for home-sharing website Airbnb, calling the service a “terrific, amazing, remarkable thing.”

In an interview on Bloomberg News’ “In the Loop,” Ratner said, “The more we can help people for less money and more comfortably live in a place — hospitality-wise, car-wise, the better it is for everybody.” He also called hospitality an “inefficient industry.”

Airbnb recently received a $20 billion valuation.

Ratner said that while he doesn’t believe Forest City’s core businesses — residential condominiums and rentals — will be affected by Airbnb, he said the website “obviously substantially affects”the hospitality industry. Airbnb has been the focus of a fierce citywide debate on hotel regulations.

Ratner also touted the virtues of coworking space provider WeWork, saying that it’s good for start-up tenants who get to share amenities. “It’s good for us landlords, too, because it uses up vacant space,” he said. [Bloomberg News] — Tess Hofmann


  • 1Lionel

    Naturally he’d call the scofflaws of Airbnb “amazing”. They have as much transparency to their MO as Bruce Ratner showed in his use of eminent domain and dodgy real estate practices for his brooklyn projects.