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Corporate Housing News Releases

Many consumers still assume that corporate housing is only for corporations, or for their employees. However, this popular lodging choice is available to anyone who needs short-term furnished accommodations - usually for a period of 1 to 11 months. Please see this link for a Comparison of the Benefits of Corporate Housing Versus Extended Stay Hotels. Below, we cite recent news stories involving the corporate housing industry.

9-14-2007 A+ Accommodations Enters Marketing Pact with BridgeStreet "Under the agreement, BridgeStreet will refer its corporate clients seeking housing in Charlotte to A+ Accommodations. ..." 3-29-2007 Oakwood Worldwide Opens Company’s First Japanese Luxury Serviced Apartments "The doors of Oakwood Premier Tokyo Midtown, 107 fully-furnished and serviced luxury apartments located in the new Tokyo Midtown development, will open on March 30, 2007. Oakwood Worldwide's first luxury endeavor in Japan, the Oakwood Premier apartments-now available for rent-provide extended-stay accommodation for business travelers or consumers in need of convenient and deluxe transient living. ..." 1-29-2007 Sorrento Asset Management Acquires BridgeStreet Worldwide from Interstate Hotels & Resorts "... Over the last several years, BridgeStreet has operated a number of our properties in Europe and the United States. As we became familiar with their strengths, we saw the strategic opportunity to combine our global real estate activity with BridgeStreet's proven management team," said Bryan Turley, Sorrento's chief executive officer. ..." 12-25-2006 Oakwood Launches China Expansion With New Beijing Serviced Apartments "Oakwood Asia Pacific has announced a major expansion in China, with serviced apartment openings planned in Beijing, Tianjin, Hangzhou and Shanghai from 2007-2008. The growth complements Oakwood's existing two properties in Guangzhou and its global portfolio spanning Asia, North America and Europe. ..." 9-5-2006 BridgeStreet Worldwide Surpasses 100 Market Milestone "Adds Nine Locations in Florida and Enters Southern California in Six Markets" ... 8-4-2006 Corporate housing supplier expands in Tampa Leading Apartments has acquired Apartment Express and its more than 180 corporate suites in the Tampa Bay area. ... Leading Apartments was founded in 1999 and operates corporate housing in approximately 25 major markets in the country. It has offices in both Chicago and Detroit and a reservation center in Tampa." ... 5-18-2006 BridgeStreet Worldwide Expands Locations Throughout Europe "... BridgeStreet-certified corporate housing accommodations are now available in Berlin, Frankfurt and Munich, Germany; Oslo, Norway; Geneva and Zurich, Switzerland; Milan and Rome, Italy; Prague, Czech Republic; Copenhagen, Denmark; Helsinki, Finland; and Malmo and Stockholm, Sweden." ... 5-8-2006 BridgeStreet Worldwide and Global Partner, Furnished Quarters, Enter Boston Market "Corporate Housing Available in Nine Boston Locations, Downtown and Suburbs" ... 5-3-2006 ABODA Acquires Florida Operations of Furnished Quarters "ABODA, formerly Northwest Suites & Housing Services, has acquired Florida-based operations of Furnished Quarters, President and CEO Dave Caple announced today. Coming on the heels of the company’s name change and just months after ABODA’s acquisition of Boston-based Corporate Housing Options, this purchase lends additional fuel to ABODA’s aggressive pattern of national expansion and service diversification for the company and its corporate relocation and housing services." ... 4-19-2006 BridgeStreet Worldwide Launches Luxury SleepEasy(sm) Bedding Package "... featuring a signature feather bed; hypo-allergenic 250 thread-count sheets; Performance Thermal cotton blanket; plush duvet in a luxurious fabric; and six fluffy, queen-sized pillows. Designed to provide guests with a more homelike and restful stay experience, the premium bedding ensemble is part of BridgeStreet's standard apartment package." ... 2-23-2006 BridgeStreet Worldwide Acquires Twelve Oaks Corporate Housing in Chicago "... The acquisition includes the assumption of all leases related to Twelve Oaks' 14 furnished apartment complexes in and around the Chicagoland area, as well as the purchase of all of Twelve Oaks' furniture and equipment. The transaction adds approximately 300 furnished apartment units to BridgeStreet's local inventory, nearly doubling the company's presence in the Chicago market." ... 2-2-2006 Marriott ExecuStay Adds Luxury Bedding, Creates New Tag Line "Live Like a Local" "Marriott ExecuStay, the temporary- housing brand of Marriott International, Inc., is inviting guests coast-to-coast to experience its new ELITE DREAMER(TM) luxury bedding collection and several personalized touches that help them make their temporary communities their own." ... 1-23-2006 AMLI Residential Announces Corporate Housing Partnership With BridgeStreet Worldwide "AMLI Residential (NYSE: AML) today announced that it has formed a partnership with BridgeStreet Worldwide, which will become the exclusive provider of short-term furnished housing and related services for the entire AMLI Residential portfolio. AMLI Corporate Homes, the AMLI subsidiary that previously managed AMLI's short-term furnished housing business, will be dissolved. AMLI apartment communities are located in suburban and urban locations in nine major markets: Atlanta, Southeast Florida, Chicago, Kansas City, Indianapolis, Dallas, Austin, Houston and Denver." ... 11-17-2005 So-Fine New York Living in SoFi With Oakwood Worldwide ... "Oakwood Worldwide opens its doors in "SoFi" - New York's newest neighborhood. Located in the immediate South Fifth Avenue area, guests of Oakwood will reside in the exclusive Tower 31 building, where Oakwood offers an enviable list of amenities and features, including black honed granite counters and vitra mosaic backsplash in the kitchen, as well as a GE stainless steel gas range. The bath features a horizontal marble tile tub and Kohler bath fixtures." ... 8-23-2005 Korman Communities Selects GenaRes as its New Service Provider for CRS, GDS, and Internet Reservations ... "Korman Communities has chosen GenaRes as its new hotel reservations system provider. Philadelphia-based Korman Communities owns and operates 18 luxury apartment and corporate suite communities in New York, Washington, D.C., New Jersey, Pennsylvania and North Carolina." ... 8-19-2005 Marriott Execustay Acquires Baltimore and Annapolis Corporate Housing Business ... "Marriott International, Inc., today announced that it will acquire the Baltimore and Annapolis, Maryland, corporate housing business of its franchisee, TempRentals, LLC, a division of The Bernstein Companies." ... 7-22-2005 BridgeStreet Worldwide and Global Partner, Furnished Quarters, Expand Florida Presence ... "The apartments extend BridgeStreet's reach into four additional cities: Boca Raton, Ft. Lauderdale, South Miami Beach and Miami, Florida. When added to BridgeStreet's current inventory of corporate accommodations in Tampa, Orlando and Panama City, the company now offers a total of 450 apartments in [Florida]." ... 5-24-2005 Canada Corporate Housing Market Nears Quarter Billion Dollar Mark ... "Toronto and Calgary rank as the top two suppliers of corporate housing in the country with 1681 and 1120 units respectively. However, this report calls Fort McMurray, Alberta the "corporate housing capital of Canada" due to the enormous boom in oil sands development." ... 5-11-2005 Churchill Apartment Management Services Expands Corporate Housing, Furniture Rental Capabilities ... "These services allow companies that have their own corporate apartments to free themselves of the burden and expense of managing the upkeep and transition of these units." ... 5-6-2005 Churchill Corporate Services Opens New Relo-destination Services Division - Complement to Its Corporate Housing Business "Churchill Corporate Services, a leading provider of quality Corporate Housing and Furniture Rental to the relocation industry, is now offering their clients and partners custom-tailored, inbound destination counseling." ... 5-2-2005 The new Oakwood Signature Apartment ... "These luxurious apartments feature not only the Oakwood Dream Bed, which rivals those of top hotels, but also upgraded home furnishings and one-of-a-kind art photographed by the company's own founder and chairman, Howard Ruby." ... 3-29-2005 Marriott ExecuStay Strengthens Presence in Southeast ... "Suite Living now operates Marriott ExecuStay in the Tennessee markets of Nashville, Memphis and Knoxville, and in Mobile, Ala., bringing the total number of franchised ExecuStay markets to 40." ... 3-17-2005 Oakwood Corporate Housing Opens Offices in Honolulu, Hawaii and Nashville, Tennessee "Oakwood Worldwide, the largest global provider of corporate housing, announced today the opening of two new offices in Honolulu, Hawaii and Nashville, Tennessee, bringing Oakwood's total number of sales offices to 74 worldwide." ... 3-3-2005 Churchill Corporate Housing Services Receives "Commitment to Excellence" Award "... Churchill Corporate Housing Services was awarded the GlobalNet® Commitment to Excellence award for the New York, New Jersey and Connecticut region. This award is presented to the GlobalNet® service provider with the highest service level." ... 2-17-2005 Marriott ExecuStay Adds Raleigh to Franchise Network "... Mainsail Management, which became Marriott ExecuStay’s second franchisee two years ago, will operate the Raleigh market in addition to its current markets of Tampa; Greenville, S.C.; Atlanta; and Charlotte, N.C." ...