Multifamily Owners Jump In The Short-Term Rental Game

When Harold Wu moved from Toronto to Baltimore for a new job, the first thing on his to-do list was to get a place to live. As he embarked on his apartment search, the T Rowe Price senior vice president of procurement decided to book a hotel in Baltimore for a week in September.

“I looked at the usual suspects: Hilton, Marriott, Brookshire Suites, Residence Inn and so on. Then I stumbled upon WhyHotel on the internet.”

WhyHotel operates temporary hotels within multifamily buildings during a lease-up phase of a new apartment building.