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Posts from the ‘Franchise’ Category

16
Nov

New Owners Grow AvenueWest Denver Managed Corporate Housing Franchise; Growth on New Franchisees’ Minds

Since 2001, Angela Healy worked for AvenueWest Corporate Housing in Denver – helping founders, Kimberly and Eric Smith, manage their financials and run the day-to-day operations. Angela was pivotal in helping AvenueWest grow and find success over the years – including early on in the business when the company took a financial hit in the failing economy. Over the years, Angela helped the Smiths create the AvenueWest Managed Corporate Housing Franchise model and even assisted with the on-boarding of the franchisee team in Colorado Springs.

Along the way, Angela learned that Kimberly and Eric’s long-term plans were to eventually franchise the Denver market.

“When I told Tim [my husband] that AvenueWest Denver was available for purchase as a franchise, he said, ‘Have you ever thought of us buying Denver?’ I’d been working in the business for so long that it made sense that I would be the perfect successor,” says Angela. “The best part was that my husband had always wanted to own a business – so it was truly the right fit for us to do together.”

Kimberly says that Angela was a natural fit to take over the business given her experience and deep corporate housing knowledge.

“Between her strong corporate housing background experience and Tim’s impressive business acumen and entrepreneurial desires, Eric and I knew they were the right team to take over the Denver market,” says Kimberly.

Denver skyline

AvenueWest Denver Changes Hands

 In 2010, the Healys officially purchased the AvenueWest Denver franchise, thus beginning their journey as corporate housing entrepreneurs.

After taking over AvenueWest Denver, the Healys became iron-focused on their mission: To match those seeking corporate housing in Denver with those offering furnished, short-term rental properties.

“We are lucky to live in Denver as we get to cater to a variety of people in need of corporate housing, from business professionals and traveling consultants to relocating employees, traveling healthcare professionals, on-assignment military personnel, traveling theater companies and more,” says Tim.

The State of Denver’s Corporate Housing Market

Angela and Tim add that Denver is traditionally a high-demand market for corporate housing, and they don’t see that changing anytime soon.

“While we are currently seeing a lot of clients sell their properties because it’s a hot seller’s market, at the same time we are adding new clients who are looking for a competitive advantage when it comes to managing and marketing their unique furnished properties available for rent,” says Angela.

One of the ways Angela and Tim say they maintain steady inventory throughout market fluctuations is by offering great customer service, competitive pricing, unique properties, and win-win partnerships with those who own properties in desirable locations.

“We manage about 30 properties in The Spire (891 14th St. Denver), an upscale condo community in downtown Denver that offers panoramic views of the city and resort-style amenities. We are able to offer these properties to discerning individuals and groups who want to experience Denver’s culture and vibrant downtown scene while traveling to the Mile High City,” says Tim.

Steep Learning Curve

While Tim had little corporate housing experience when he took over AvenueWest Denver in 2011, he says he has since undergone a steep learning curve.

“At first corporate housing was like speaking a foreign language,” he says, “But today it feels like a natural progression in my career and offers me the flexibility I desire to balance my family-life with my professional-life.”

Above all, Tim says that having AvenueWest as the backdrop of their franchise gives them the name recognition and instant trust in the industry.

“Partnering with an award-winning, well-respected name in corporate housing not only brings us high quality referrals, but also helps us solidify relationships with new prospects who have come to know and trust the AvenueWest brand for more than a decade,” says Tim.

1
Nov

Welcome 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.

Deb Salek, owner of AvenueWest Northern Colorado
Deb Salek, owner of AvenueWest Northern Colorado

AvenueWest Northern Colorado connects private landlords with business travelers in need of full service corporate housing.

AvenueWest Global Franchise has been tapping into the emerging trend of departing business executives who are finding both financial freedom and life balance through franchise ownership. Deb Salek was a former senior level analyst with Qwest Communications and now owns her own AvenueWest franchise. Deb’s exit from corporate America is a developing national trend. Her first step was to decide to leave her office job. She 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 Managed Corporate Housing to be an exciting opportunity which taps into both her corporate and real estate experience as she looks to build a long term sustainable business.

“Fort Collins offers this amazing quality of life and energy that is fueling growth and causing a positive relocation trend for the city. With a diverse blend of corporations, Colorado State University, state of the art hospitals, government entities and a burgeoning craft beer industry, Fort Collins economy continues to strengthen. Fort Collins 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, and short-term 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. There seems to be a demand from every corner: 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.”

"I see the real opportunity as being with the individual homeowners who want to offer their furnished homes as corporate rental properties." Like at the Mason Street Flats in Old Town, for example.
“I see the real opportunity as being with the individual homeowners who want to offer their furnished homes as corporate rental properties.” Like at the Mason Street Flats in Old Town, for example.

Kimberly Smith, the CEO of AvenueWest Global Franchise, says that opening an office in Fort Collins has been on her wish list since the day she started her managed corporate housing business in the LODO area of Denver some 14 years ago and a priority since launching AvenueWest Global Franchise in 2010. “An executive who wants a furnished property with all the creature comforts of home and high-end furnishings will have a strong preference for AvenueWest’s corporate rental properties over a transient hotel setting or other generic apartment rentals. With Deb’s knowledge of the area and industry, AvenueWest Northern Colorado now offers the kinds of rental properties required by discerning executives. It also offers the opportunity for private landlords to earn greatly increased rental income on their properties.”

To offer your property for rent through AvenueWest Northern Colorado, or to find a property during your temporary stay in the area, contact Deb Salek at 970-797-3099 or via email at: DSalek@AvenueWest.com. AvenueWest Northern Colorado connects private landlords with those in need of corporate housing. Corporate housing is defined as fully furnished rental apartments, homes or condominiums offered for rent on a short-term basis, usually for one month or more.

About AvenueWest Global Franchise

Established in 2010, AvenueWest Global Franchise grew from the desire to expand the business opportunity and corporate housing excellence achieved through the AvenueWest Corporate Housing Managed Corporate Housing program that was founded in 1999.

Currently AvenueWest Global Franchise has offices in Boston MA, Colorado Springs CO, Dallas TX, Denver COFort Collins CO, Phoenix AZ and San Francisco CA, and has recently embarked on an aggressive expansion plan with expectations to open an office before year’s end in Atlanta GA.

1
Oct

Welcome AvenueWest Phoenix!

Phoenix, AZ, Corporate Housing, Short Term Housing, Relocation, Real Estate, Investment Owners
Meghan Hartman, the owner of the AvenueWest Phoenix.

AvenueWest Phoenix, a franchise of Denver-based AvenueWest Global Franchise, opened its doors on October 1, 2013 and is owned and managed by Meghan Hartman,

a long-time real estate and franchise executive. AvenueWest Phoenix 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 a medical treatment.

Meghan Hartman, the owner of the AvenueWest Phoenix office, says Phoenix is the perfect place to set up a corporate housing shop.

“As the economy continues to strengthen, more and more people are relocating to the Phoenix area.  Phoenix has a very dynamic housing market, and property inventory is at a premium so it may take several months for people moving into the Phoenix market to find a new home, and short term housing presents the best solution during that transition.”

Phoenix, AZ, Relocation, Corporate Housing, Short-term Rentals, Housing Market, Real Estate
“As the economy continues to strengthen, more and more people are relocating to the Phoenix area. Phoenix has a very dynamic housing market, and property inventory is at a premium so it may take several months for people moving into the Phoenix market to find a new home, and short term housing presents the best solution during that transition.” – Meghan Hartman, Owner of AvenueWest Phoenix

Hartman continued: “Phoenix has always been a destination market and we have a large number of visitors every year.  Many people want to stay in a home with all of the amenities, and AvenueWest offers the perfect solution for those who want the comforts of home rather than a transient experience at a hotel that can potentially be more expensive.”

Hartman, whose past experiences include corporate positions with a number of real estate related franchisors and owning and operating her own real estate brokerage, will officially open the AvenueWest Phoenix office on October 1, 2013. Hartman adds: the interest in managed corporate housing from corporations, investors and real estate professionals alike is exceeding her expectations.

“With such interest brewing from corporations in the entire valley, the real opportunity lies with individual homeowners who want to offer their furnished homes as corporate rental properties. They have the opportunity to work with us to capitalize on and profit from the growing need for temporary housing solutions in the area,” she says.

Optima Biltmore Towers, Phoenix, AZ, Fully Furnished Rentals, Corporate Housing, Relocation, Investment Owners
“…the real opportunity lies with individual homeowners who want to offer their furnished homes as corporate rental properties.” Like at the lovely Optima Biltmore Towers, for example.

Kimberly Smith, the CEO of AvenueWest Global Franchise, says that opening an office in Phoenix has been on her bucket list since the day she started her business. She says she believes managed housing is the best solution to meet the short term housing needs of the Phoenix market.

“An executive who wants a furnished property with all the creature comforts of home and high-end furnishings will have a strong preference for AvenueWest’s corporate rental properties over a transient hotel setting or other generic apartment rentals,” says Smith.  “With Meghan’s knowledge of the area and industry, AvenueWest Phoenix now offers the kinds of rental properties required by discerning executives. It also offers the opportunity for private landlords to earn greatly increased rental income on their properties.”

To offer your property for rent through AvenueWest Phoenix, or to find a property during your temporary stay in the area, contact Meghan Hartman at 602-753-2412 or via email at: Meghan@AvenueWest.com. AvenueWest Phoenix connects private landlords with those in need of corporate housing. Corporate housing is defined as fully furnished rental apartments, homes or condominiums offered for rent on a short-term basis, usually for one month or more.

About AvenueWest Global Franchise

Established in 2010, AvenueWest Global Franchise grew from the desire to expand the business opportunity and corporate housing excellence achieved through the AvenueWest Corporate Housing Managed Corporate Housing program that was founded in 1999.

Currently AvenueWest Global Franchise has offices in Boston MA, Colorado Springs CO, Dallas TX, Denver CO, Phoenix AZ and San Francisco CA, and has recently embarked on an aggressive expansion plan with expectations to open offices before year’s end in Atlanta GA, and Fort Collins CO.

10
Jun

Hello world!

AvenueWest is the World Leader in Managed Corporate Housing – so what’s in a name?  We are a real estate brokerage, licensed and regulated, that specializes in fully furnished property management – we offer both AvenueWest Signature properties, these include everything in the rent from high speed internet to expanded cable to the kitchen sink – we also offer AvenueWest Basic Properties if you don’t need everything included in the rent.

Our GOAL with this blog is to give you something helpful the next time you travel or a better way to manage your corporate housing rental – please let us know if you have any questions or concerns about renting a corporate housing property.  Yes believe it or not, anyone can rent a corporate housing rental even an individual and if you read nothing else on this blog PLEASE NEVER EVER wire $10,000 to someone who claims to have the perfect rental for you, they are a fraud!  use PayPal or any real corporate housing company will be happy to take your credit card – you can also check at http://www.CHPAonline.org to see if the company is a member of The Corporate Housing Providers Association.

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