RENTAL
Corporate Accommodation
The rebirth of the serviced apartment
A s many corporates tighten their budgets , the cost of booking hotels for long- and short-term stays has come under increasing scrutiny . Alternative forms of business accommodation such as Airbnb have become increasingly popular , however , issues of consistency , security and even cost have left many companies wary of using their services .
THE RESIDENCY
All apartments within The Residency portfolio come equipped luxury perks :
• high-speed wifi ;
• fully-fitted and equipped kitchen ;
• king-size beds ;
• ranging in size from 59m2 for the individual to 134m2 for groups and families .
Enter the often-forgotten option for corporate clients : the executive serviced apartment - long-term accommodation geared specifically to company employees working away from home for extended periods . One group offering this increasingly popular option is The Residency hotel and service apartments . They have been in operation in Gauteng for the past two years , garnering a steady clientele buildup . The Residency continues to see an increase in return travellers , who have made the serviced apartment model their first choice for business accommodation .
“ Our clients tend to be business travellers who need to stay for longer periods of time than hotels can typically offer ,” says Alpha Wealth CEO Anton Gillis .
“ A typical hotel room , contracted on a corporate rate , is known to be a small standard room . We offer a room that is double the size , with a lounge and kitchenette for the equivalent price . Our luxury executive apartments not only offer a higher and more spacious standard of accommodation , they are also far more cost effective than executive-level hotels .”
22 AUGUST / SEPTEMBER 2018 SA Real Estate Investor Magazine