The move is the latest effort by AccorHotels to expand into the so-called sharing economy after companies like Airbnb, the vacation rental website now valued at roughly $24 billion, have made it more popular for people to turn to forms of accommodation other than hotels when traveling on vacation or on business. In February, AccorHotels announced it had bought a minority stake in Oasis Collections, another short-term vacation site. “We can help them do in two years what would have taken them seven,” said Sébastien Bazin, AccorHotels’ chief executive. “It’s a recognition that the sharing economy can offer our customers a unique experience.” The deal will give AccorHotels, based in Paris, control of Onefinestay’s stable of roughly 2,600 luxury properties that it manages on behalf of their owners. Get the full story at TechCrunch and The New York Times