Colorado landlord Aimco appeals verdict in its fight with Airbnb – Denver Business Journal

A Denver-based national apartment operator is battling online short-term real estate rental company Airbnb again in California.

Apartment Investment and Management Company (NYSE: AIV), known as Aimco, on behalf of four of its properties in Southern California, is fighting Airbnb for “brokering illegal short-term rentals” at Aimco properties.

Aimco asserts 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,” said Keith Kimmel, Aimco executive vice president of operations, in a statement.

Aimco filed an appeal Friday in the U.S. Court of Appeals for the Ninth Circuit in California in an attempt to override a previous ruling that went in favor of Airbnb.

Earlier this month, it was reported that a Los Angeles judge ruled in favor of Airbnb in an Aimco lawsuit, ruling that “Airbnb hosts, not Airbnb, are responsible.” Now Aimco is appealing that verdict.

Aimco alleges that Airbnb guests at its properties have engaged in unruly behavior and have created “disturbances and security concerns by trespassers.”

In response to the appeal, Airbnb spokesman Nick Papas said, “Aimco has only proven one thing: they will do anything they can to punish middle class families, including filing lawsuits that have already been rejected by a federal judge for having no merit.”

2017 Public Companies – Market Cap

Ranked by Market capitalization on 4/13/2017

Rank Business name Market capitalization on 4/13/2017 1 DISH Network Corp. $28.3 billion 2 Level 3 Communications Inc. $21.51 billion 3 Liberty Braves Group $21.42 billion View This List

Source Article

Be the first to comment

Leave a Reply

Your email address will not be published.


*