Stay Alfred is Bigger in Texas With Expansion Into Dallas-Fort Worth Area
Company commits to DFW with more travel apartments across seven downtown properties
SPOKANE, Wash., May 17, 2019 (Newswire.com) - Stay Alfred, the nation’s leading provider of travel apartments, today announced its growth in downtown Dallas with the expansion of Stay Alfred on Elm Street and Stay Alfred at The Mayflower, plus the new addition of Stay Alfred at MIRO. This is in addition to Stay Alfred on Jackson Street in downtown Dallas and Stay Alfred at Historic Electric Building, Stay Alfred at Parkside So7 and Stay Alfred at Parker House in Fort Worth, bringing the Stay Alfred property total to seven across the Dallas-Fort Worth area.
Stay Alfred partners with multifamily developers and property managers to lease blocks of units or entire buildings and deliver them as travel apartments for business and leisure stays. Leading the evolution of the short-term rental (STR) sector, Stay Alfred raised $47 million in Series B funding in 2018 and operates more than 2,000 upscale, professionally managed travel apartments in 33 cities.
Continued growth in the Dallas-Fort Worth area can be attributed to Stay Alfred’s steadfast commitment to building partners; in Dallas, Stay Alfred has partnered with HRI Management on its latest expansions of Stay Alfred on Elm Street and Stay Alfred at The Mayflower.
“When groups like Stay Alfred entered the STR industry they brought with them a corporate acumen and best-in-class service option that was previously unavailable to the consumer,” said David Abbenante, President of HRI Management. “This elevated STR product has attracted and earned the respect of consumers and property owners that were previously unwilling to consider STR as an option. Consumers can now count on an experience that includes exceptional customer service and a high quality and consistent product.”
Having hosted more than 700,000 guests across the nation since 2011, Stay Alfred travel apartments are located only in downtown neighborhoods and combine the quality, consistency and guest support of a hotel with the lifestyle amenities of an upscale apartment building.
More developers and property management companies are realizing the value of entering the alternative accommodation space by partnering with Stay Alfred; the company’s flexible lease model and guaranteed rent enable developers and property managers to boost net operating income, eliminate vacancy losses and improve cash flow.
“Property owners can now partner with groups such as Stay Alfred and know they will be dealing with a financially sound, sophisticated and professional firm that offers and maintains a quality product and is hyper responsive to its clients and consumers,” said Abbenante. “For years, just like so many other property owners/managers, HRI Management was unwilling to consider STR as a product offering within its communities. However, recognizing the industry has evolved and after seeing and experiencing the Stay Alfred product offering, we teamed up with Stay Alfred on a small and limited project and the experience exceeded our expectations. We will continue to consider Stay Alfred for partnership opportunities on existing and new developments.”
Every Stay Alfred travel apartment features dedicated living spaces, a full kitchen, washer and dryer, free WiFi, plus a self-guided check-in process. In addition, guests have access to the upscale building amenities of each unique property. Additionally, all long-term building residents enjoy perks, including complimentary “friends and family” stays at their own building and discounts at any Stay Alfred property across the nation.
“Last year Dallas saw a record-breaking year for out-of-town visitors, and we’re seeing demand grow for alternative accommodations - travelers are simply wanting more than just a hotel room,” said Jordan Allen, CEO of Stay Alfred. “We strive for our guests to feel like they can live like a local, and our latest Dallas travel apartments put them right in the heart of downtown and offer great on-site amenities. We look forward to being a good neighbor and community partner and expanding our Dallas portfolio this year.”
For more information on Stay Alfred and a complete list of their Dallas-Fort Worth properties, visit stayalfred.com.
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ABOUT STAY ALFRED
Stay Alfred offers upscale travel apartments in the walkable downtown neighborhoods of 32 U.S. cities and counting. Our next-generation booking process, 24/7 customer service and professional housekeeping staff provide guests with the reliability of a hotel stay, while our spacious accommodations with a kitchen, laundry and private bedrooms give guests the convenience of an apartment. We live to offer travelers "Your place in the city." For more information or to book, visit StayAlfred.com.
Source: Stay Alfred