There's No Place Like Home but Corporate Housing Comes Close
Author: Pat Boardman
Category: Travel and Leisure
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When a company expands to other cities it falls upon one or more executives to oversee operations for several months, so arrangements must be made for living quarters that match the lifestyle of the businessman. Some may prefer surroundings similar to home and some may want to inhabit lodgings with a certain decor and furnishing arrangements. Some may not want the usual hotel digs in favor of extended peace and quiet.
When the industry of corporate housing began circa 1995, it made for a wide variety of rental units that the traveler could select from based on specific preferences. The corporate suites sector consists of management companies renting out vacant apartments, houses, lofts, and condos on behalf of unit owners who are either landlords, property management firms, or individuals whose properties are not their main residence for part or all of the year. Besides variety, there are many other reasons that a guest might choose the corporate housing: the cost is about 80% of the extended stay hotels on average, plus there are more locations available, and more privacy.
Due to the growing number of corporate suite providers it is easy to find a website to scan through the available listings and the wide variety of decor. If a company has to send a manager to open an office in a trendy city area like Yorkville in Toronto for instance, entering the query "corporate suites Toronto" into a search bar will turn up several websites with numerous units on their listings. The vacant units and locations that are available can be chosen by date. The reservation can be made with a quick phone call, and the unit is prepared to the liking of the guest.
Relocating for several weeks to several months can be upsetting for some so the executives try to duplicate the amenities they are used to when at home. Things that are considered luxuries to most of us are part of everyday life to those with higher incomes. You might stay at an upscale extended stay hotel chain location but you will still have the hotel atmosphere, which is not for everybody. You don't have a wide selection of decor and if you have a favorite way of eating you may not like the breakfast buffet idea. Corporate housing is customizable; those who will be bringing their families will have special needs. Playpens and highchairs can be placed in the units, laundry machines and kitchens are in the suites, and parking is usually available. You have a kitchen to be able to prepare foods to your liking.
The rates charged by corporate suites are relatively low, about $2195 to $2700 monthly for a one-bedroom and $2700 to $3200 monthly for a two-bedroom unit. A three bedroom for a month could be as low as $2800 and as much $3400. If price is the only issue when finding a place to stay then the budget extended stay hotel is an option - not luxurious but considerably lower in price. One thing the budget hotels have in common with upscale extended stay hotels is that the guests get special prices due to corporate ties (meaning repeat business), whereas corporate rental units are open to anybody. Sports figures and other rich people may take over suites for six months at a time or more because money is no object. A performer might be recording an album or shooting a film in another city and needs to bring along some family members; the thought of remaining in a hotel for two or three months would be difficult to look forward to for some and totally out of the question for others.
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Keywords: executive suites, business travel, short term apartments, luxury suites, extended stay toronto, toronto suites, travel accommodations, corporate lodging consultants, corporate apartments, fully furnished, luxury condos, virtual office
View Count: 235
Date Submitted: 2/8/2010
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