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Home > Business Travel Resources > Corporate Housing News

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 press releases concerning the corporate housing industry.

10-12-2009 Oakwood launches new serviced apartment in Bangna
"Oakwood Worldwide ... has officially announced the soft opening of its new serviced apartments for business travellers and family called Oakwood Residence Garden Towers Bangna – the first international class serviced residence in the Bangna district of Bangkok – ideally located at the gateway to the Eastern Seaboard. ....

12-12-2008 Marriott Execustay partners with Suite Options
"... Suite Options, a division of Transitions Group, Inc., has expanded its operations by becoming the franchisee for Marriott ExecuStay corporate housing in the state of Louisiana ....

9-29-2008 Wynne Residential Corporate Housing Wynne Opens New Office in Uptown Charlotte
"Wynne Residential Corporate Housing, the premier provider of temporary corporate housing nationwide announces the appointment of Nichole Trotter as their newest member of the “Wynne Sales Team” located in Charlotte, NC ..."

9-3-2008 BridgeStreet Worldwide Opens Asia-Pacific Office in Singapore
"The opening of our first office in Asia brings years of planning to fruition," states Lee Curtis, president and CEO of BridgeStreet Worldwide. ...

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." ...

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