The fight between a Denver apartment company and Airbnb has come to a close.
Apartment Investment and Management Company (NYSE: AIV; "Aimco") and the online short-term real estate rental company have been involved in many legal battles over accusations that Airbnb was "brokering illegal short-term rentals" at Aimco properties.
In one such legal battle in Southern California, Aimco's Keith Kimmel, executive vice president of operations, asserted in January that "our residents do not want to live in a de-facto hotel for spring-break partiers, vacationers and other unvetted strangers who disturb the peace at all hours, who have caused significant property damage, and who pose a safety risk to our residents."
In July, Aimco said it scored a victory against Airbnb and "transient vacationers" in Florida when the Miami-Dade 11th Circuit Court "denied Airbnb's multiple motions to dismiss the lawsuit" regarding Airbnb's "unauthorized short-term rentals at Aimco communities" launched by three (Aimco) subsidiaries.
But Aimco didn't win all of its battles with Airbnb.
Read more at the Denver Business Journal: https://bit.ly/2zVCyN7
