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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
Statewide, all hotel occupancies are levied a 6% tax. This tax applies to only 94% of gross receipts. In the city of Chicago, three other taxes apply. The first funds the Illinois Sports Facilities Authority at a rate of 2% on 98% of gross receipts. The second funds the Metropolitan Pier and Exposition Authority at a rate of 2.5% on all gross ...
Lodging refers to the use of a short-term dwelling, usually by renting the living space or sometimes through some other arrangement. People who travel and stay away from home for more than a day need lodging for sleep, rest, food, safety, shelter from cold temperatures or rain, storage of luggage and access to common household functions. [ 1 ]
Short-term rentals are banned in certain parts of the city. [121] Barcelona: Vacation apartments are subject to the highest rate of property tax; platforms must share data with regulators. [122] [123] [124] Berlin: Short-term rentals require permission from authorities. Hosts can rent individual rooms with the condition that they live in most ...
Average Daily Rate (commonly referred to as ADR) is a statistical unit that is often used in the lodging industry. The number represents the average rental income per paid occupied room in a given time period. ADR along with the property's occupancy are the foundations for the property's financial performance. [1]
The city produced more steel than the United Kingdom during the war, and surpassed Nazi Germany's output in 1943 (after barely missing in 1942). Some mills were located on the branches of the Chicago River emanating from the downtown area, but the largest mills were located along the Calumet River and Lake Calumet in the far south of the city.
The Chicago Housing Authority (CHA) is a municipal corporation that oversees public housing within the city of Chicago. The agency's Board of Commissioners is appointed by the city's mayor, and has a budget independent from that of the city of Chicago. CHA is the largest rental landlord in Chicago, with more than 50,000 households.
Hilliard Towers Apartments, formerly known as the Raymond Hilliard Homes CHA housing project, is a residential high-rise development in the near South Side of Chicago, Illinois. It was designed by Bertrand Goldberg and is bounded by Clark Street , State Street , Cullerton Street, and Cermak Road .
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