Urbandoor adds 40,000 units to booking platform

George Sell By George Sell
01 February 2018 | Updated 01 February 2018

US: Urbandoor has expanded its network by adding more than 40,000 units across 50 cities.

In the past month, thousands of new apartments from Cortland Partners, Greystar, and others have gone live on the Urbandoor marketplace. With these added properties, businesses and corporate travellers from around the world can now instantly book serviced apartments in Columbus, OH, Atlanta, GA, Dallas, TX and dozens of other major markets. More and more multifamily owners are now able to sustainably increase NOI by listing their unoccupied inventory on Urbandoor.

"Our goal is to make booking a serviced apartment for business travel and relocation as easy as booking a favorite hotel. We seamlessly onboard multifamily communities and send bookings, not leads, from corporate customers looking for a fully-furnished serviced apartment. By opening multifamily to the best global corporate demand, Urbandoor enables owners to optimise the value of their assets and increase NOI in new and efficient ways without taking inventory risk. As a booking occurs, a community can set up a unit with furnishings, housekeeping schedule and cable/wifi - all with just a few clicks," said Urbandoor's CEO and co-founder Erik Eccles.

Urbandoor says it offers multifamily owners and operators a marketplace with zero inventory risk. "With a simple onboarding procedure and integrations to industry systems, Urbandoor can enable instant booking for vacant units within a matter of days," it says.

"Over the past two years, we've worked with the top owners and operators to understand their needs. In almost every case, multifamily operators are looking for solutions that help them capture meaningful increases in NOI while taking advantage of the growing demand from corporates," said Urbandoor's head of supply, Damon Gacicia.

Tim Hermeling, EVP of marketing at Cortland Partners, which recently added its nationwide portfolio to Urbandoor marketplace, said: "We are continually looking for ways to add new demand channels to our communities. Urbandoor allows us to take part in the growing demand from corporate travel and relocation without adding work to our on-site teams or having the risks of dedicating units for corporate travellers. Their platform is very flexible and easy-to-use for both the customer and us."

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