Vertical Available, Demo Only
Corporate Housing
Corporate housing is a term in the travel industry meaning renting out a furnished apartment, condo, or house on a temporary basis to individuals, military personnel, or corporations as an alternative to a traditional hotel or an extended hotel stay. According to Corporate Housing Providers Association (CHPA), the industry’s tradeorganization, corporate housing revenue was $2.36 billion in 2009 and $2.47 in 2010. The corporate housing industry has been a significant growth segment of the lodging industry for the past 20 years.
Corporate housing and extended stay hotels are two different types of accommodations.
Corporate housing typically offers larger square footage, costs less than hotels, offers full customer service, and is used for stays averaging one month or more (the average corporate housing stay is 83 days, according to the 2011 Highlands Group Corporate Housing report; more than 100 days for Managed Corporate Housing Companies and 13% of CHBO property owners report their properties were rented for a year or longer, according to the 2012 “by Owner” Annual Report).
Corporate housing provides complete temporary housing solutions within a stable residential setting unlike extended stay hotels, which are surrounded by an open parking lot and are filled entirely by transient guests.
The apartment units managed by corporate housing companies are furnished and the corporate housing companies rotate clients in and out of the furnished apartments and clean them between guests.
New Brunswick
The City of New Brunswick is a city in Middlesex County, New Jersey, United States. It is the county seat of Middlesex County,[21][22] and the home of Rutgers University. The city is located on the Northeast Corridor rail line, 27 miles (43 km) southwest of Manhattan, on the southern bank of the Raritan River. At the 2010 United States Census, the population of New Brunswick was 55,181,[9][10][11] reflecting an increase of 6,608 (+13.6%) from the 48,573 counted in the 2000 Census, which had in turn increased by 6,862 (+16.5%) from the 41,711 counted in the 1990 Census.[23] Due to the concentration of medical facilities in the area, including Robert Wood Johnson University Hospital and Saint Peter’s University Hospital, as well as Rutgers, The State University of New Jersey’s Robert Wood Johnson Medical School, New Brunswick is known as “the Hub City.”[24][25] The corporate headquarters and production facilities of several global pharmaceutical companies are situated in the city, including Johnson & Johnson and Bristol-Myers Squibb.
New Brunswick is noted for its ethnic diversity. At one time, one quarter of the Hungarian population of New Jersey resided in the city and in the 1930s one out of three city residents was Hungarian.[26] The Hungarian community continues to exist, alongside growing Asian and Hispanic communities that have developed around French Street near Robert Wood Johnson University Hospital.