I've run about 80 airbnbs in the city center and trust me when I say, there's no way in heck they're gonna get that kinda rates. If you think about it, the ibis hotels right opposite will be running for a 4 star rate. I would imagine the fees that they will charge is going to be about the 280-400 mark.

How would the project be able to hold a market rate of 320 without the facilities of a hotel? Realistically I would say that they will be running a rate of about 170-230 a night. Which would mean it gets about 200 a night @ 75% occupancy. That means the owner gets about 2,400 a month ( optimistically). Which still isn't horrible considering he gets about 4.8% per annum. I don't mean to be a pessimist but rather a realist.