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

Developer described the hospitality industry as "inefficient"

TRD New York /
Mar.March 03, 2015 12:25 PM

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

 

Related Articles

arrow_forward_ios
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
WeWork CEO Adam Neumann (Credit: Getty Images and iStock)

WeWork’s side businesses are fizzling

WeWork’s side businesses are fizzling
Sarah Pontius (Credit: Union College)

Another head rolls at WeWork

Another head rolls at WeWork
(iStock)

Crossbow-wielding manager sexually harassed WeWork staffer, latest discrimination suit claims

Crossbow-wielding manager sexually harassed WeWork staffer, latest discrimination suit claims
Two ex-WeWork employees have sued the company over allegations of race and gender discrimination (Getty)

‘WeWorking while Black’: Ex-employees allege racial discrimination

‘WeWorking while Black’: Ex-employees allege racial discrimination
Mayor Bill de Blasio (Getty)

De Blasio to sign Airbnb, property tax legislation

De Blasio to sign Airbnb, property tax legislation
WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent
154 Grand Street and WeWork CEO Sandeep Mathrani (WeWork, Getty)

Where it all started: WeWork to shutter first-ever location

Where it all started: WeWork to shutter first-ever location
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...