Airbnb is buying Luxury Retreats for around $200M

Airbnb may have been founded on the premise of renting out spare sofa or bed space as a cheap alternative to hotels, but the company has moved upmarket in a big way, and is about to take that up another notch. The company is in the late stages of acquiring Luxury Retreats, an Airbnb-style service that focused on high-end homes, for a price believed to be around $200 million, our close… Read More...