Airbnb acquired Urbandoor Inc., a transaction completed in August 2019, structured as stock (Class A common shares issued to Urbandoor securityholders).
Urbandoor Inc. operates in Corporate / extended-stay housing marketplace, is based in Apartment supply across 1,500+ cities in 60+ countries; incubated with Greystar Real Estate Partners.. Airbnb acquired Urbandoor in 2019, issuing 581,740 shares of Class A common stock plus 735,620 restricted Class A shares to Urbandoor's securityholders. Urbandoor is a global online marketplace for furnished and serviced apartments aimed at extended business trips, relocations, and other longer-term stays, with supply across more than 1,500 cities in over 60 countries. The deal deepened Airbnb's push into long-term and corporate travel. Airbnb's filing groups Urbandoor with one other unnamed 2019 business combination at $63.3 million of combined consideration, so Urbandoor's standalone price is not separately disclosed.
Airbnb positioned the deal as building on the solutions it offers multifamily housing owners and operators, giving them more access to long-term demand to raise yield, while expanding Airbnb's business-travel and long-stay inventory.
Ready-made corporate-housing supply and multifamily-operator relationships serving the long-term-stay segment Airbnb wanted to grow. Added extended-stay inventory and operator relationships; Urbandoor listings were made bookable on Airbnb over time. All Urbandoor employees joined Airbnb; listings folded into Airbnb long-term stays.
Advisory firms were not disclosed for this transaction.