BOULDER, COLO./ MAY 07, 2019 (STL.News)
AvenueWest Global Franchise, the largest provider of managed corporate housing in the United States, announces the expansion of AvenueWest Northern Colorado. With a new local service team in the Boulder County area, AvenueWest Northern Colorado is now able to provide quality residential properties in a true, home-like atmosphere for anyone needing temporary, executive housing for a month or more. AvenueWest Northern Colorado, led by Deb and Todd Salek, will now be offering real estate and lodging solutions in Boulder, Longmont, Fort Collins, Loveland, Greeley, Windsor, Timnath, Johnstown, Berthoud, Superior and Louisville. From upscale lofts to suburban single-family homes, they have options to fit the diverse lodging needs of the relocating professional. According to Phocuswright, a leader in hospitality analytics, the corporate travel demands for residential hospitality options are at an all-time high. AvenueWest Northern Colorado, which specializes in managed corporate housing furnished residential rentals for monthly lodging, is now poised for growth and expansion.
The AvenueWest Managed Corporate Housing real estate model allows private investors to connect their rental properties with business travelers. AvenueWest is seeing an increasing trend of out of state investors purchasing their retirement properties earlier than needed and then renting them to business travelers. Through investing in real estate today these savvy investors are taking advantage of the still low interest rates and will have the peace of mind knowing exactly what their lodging expenses will be in the future.
“Deb and Todd Salek are an exceptional team with a strong background in real estate and customer service. They have proven to be a strong franchise team in their development of the Fort Collins location. AvenueWest Global is excited to have such a dynamic and professional team leading the growth of the Boulder / Longmont office,” stated Angela Healy the CEO of AvenueWest Global. Deb and Todd’s vision for the Boulder County office is to expand to meet both the growing demands of the business traveler and the needs of property owners to find the right management solution for their furnished rentals.
Deb Salek, a former senior level analyst with Qwest Communications has been the owner and broker of the AvenueWest Northern Colorado office in Fort Collins since 2014. Deb’s exit from corporate America is a developing national trend. Her first step was to decide to leave her office job. She had built a successful residential real estate business as a Broker Associate with RE/MAX, which provided the flexibility she needed with her two young children. Then Deb and her husband, Todd, chose to relocate to Fort Collins, CO, a city they found as the best compliment to their quality of life vision. When looking to target the relocation market more specifically, Deb found AvenueWest Corporate Housing to be an exciting opportunity which taps into both her corporate and real estate experience as she looked to build a long term sustainable business.
Boulder and Longmont, like Fort Collins, Loveland, and other Northern Colorado communities, offer an amazing quality of life and energy that is fueling growth and causing a positive relocation trend for the region. With a diverse blend of corporations like Ball Aerospace, Boulder Community Health, Medtronic, IBM, NOAA, UCAR/NCAR, Google, J.M. Smuckers and the University of Colorado Boulder, the Boulder economy continues to strengthen. Boulder is also in the midst of a hot housing market with property inventory at a premium so it may take people several months to find a new home. Short-term monthly housing presents the best solution during that transition.
Salek continues: “The people that stay in our AvenueWest properties prefer to have the amenities of home and appreciate that it is a less transient environment than what they would find in a hotel. The cost to stay in an AvenueWest property is also typically less expensive per night than staying in a hotel, and our guests enjoy having a full size kitchen, an in-unit full size washer/dryer, and larger living space.” AvenueWest properties feature month-to-month furnished rental options, long-term unfurnished rentals, pet-friendly properties, accommodations with 1 – 4 bedrooms, condos, townhomes, single-family homes and serviced apartments.
“There seems to be demand from every corner in Northern Colorado: corporations, visiting professors, medical personnel, the oil and gas industry, tourists and so forth. I see the real opportunity as being with the individual homeowners who want to offer their furnished homes as corporate rental properties. They will have the ability to work with us to capitalize on and profit from the growing need for temporary housing solutions in the area. It’s exciting to be able to help owners develop their investment properties. Our goal is to match high quality tenants with high quality properties every day,” Salek says. “Equally as important, our end to end property management solutions provide a best in class asset protection program for investors and property owners, so they can rest easy knowing their property is being taken care of.”
In today’s world of high demand residential lodging solutions for business travelers, AvenueWest Managed Corporate Housing continues to offer its award-winning real estate solutions that travelers and investors have relied on for over 20 years. Corporate Housing as a residential lodging solution is a multi-billion dollar industry that has been available to business travelers for decades. Traditional corporations, as part of their business travel policies, do not allow their employees to stay in individual AirBnB rentals. Business travelers need the service, quality, consistency and security offered through a professionally managed corporate housing property.
According to CHPA / Corporate Housing Providers Association, “This type of lodging is more than just a place to stay; it is a much-needed service provided for employees experiencing a training or transition. It in turn helps employers achieve their business goals by cultivating more engaged and focused employees. It is estimated that the annual collective U.S. domestic employee transfer volume for Fortune 500 companies is 244,595.” As businesses expand and require specific talent, they rely on AvenueWest Managed Corporate Housing to meet the housing needs of their employees. The average AvenueWest tenant stays over 100 days. These furnished rentals are a true home away from home.
AvenueWest Managed Corporate Housing was founded in 1999. In 2010, AvenueWest Global Franchise was established to expand the business and corporate housing services throughout the United States. In 2019, AvenueWest Canada was launched to continue to expand the franchise program into Canada. Currently, AvenueWest Global Franchise has 13 offices located in Atlanta GA, Boulder CO, Colorado Springs CO, Dallas TX, Denver CO, Denver South / DTC CO, Fort Collins CO, Las Vegas NV, Phoenix AZ, San Francisco CA, Scottsdale AZ, St Louis MO and Tucson AZ. https://avenuewest.com/ https://avenuewestfranchise.com
Our Vision: AvenueWest’s vision is to provide quality Managed Corporate Housing by professionally servicing a unique niche of business travelers with investment owners’ properties.
Our Mission: AvenueWest’s primary objective is to provide high quality condominiums, townhomes, lofts, single family homes and apartments to meet the short-term executive housing demand. We can best serve our tenants and property owners by always improving the quality of everything we do as a team. We are committed to the process of becoming a continuously self-improving organization.
About AvenueWest Investment Fund
AVENUEWEST INVESTMENT FUND I, LLC, is a Delaware limited liability company. The Fund’s investment strategy is to acquire and provide short-term rentals of corporate housing properties. Fund I will expand the proven real estate investment strategy AvenueWest has been doing for individual investors for almost 20 years. The AvenueWest Management Team is led by executives with over 25 years of industry experience with an extensive understanding of market dynamics and the ability to identify opportunities in this specific asset class.
About AvenueWest Northern Colorado
AvenueWest Northern Colorado, a franchise of Denver-based AvenueWest Global Franchise, opened its doors on November 1, 2013 and is owned and managed by Deb Salek, a long-time real estate executive. AvenueWest Northern Colorado fosters the connection between a private landlord of a rental property offered as a short-term, furnished rental with those in need of executive housing such as a traveling business executive, relocated family, traveling professor, athlete or actor and even someone in need of temporary housing during medical treatment. To offer your property for rent through AvenueWest Northern Colorado, or to find a property during your temporary stay in the area, contact them at 970-818-9310 or via email: StayNoco@AvenueWest.com.