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Apartel
An apartment hotel or aparthotel (also residential hotel, or extended-stay hotel) is a serviced apartment complex that uses a hotel-style booking system. It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company. An apartment hotel complex usually offers a complete fully fitted apartment. These complexes are usually custom built, and similar to a hotel complex containing a varied amount of apartments. The length of stay in these apartment hotels is varied with anywhere from a few days to months or even years. The people who stay in apartment hotels use them as long-term accommodation; therefore, the hotels are often fitted with most things the average home would require. Origins Apartment hotels were first created in holiday destinations as accommodation for families that needed to "live" in an apartment rather than "stay" as they would in a hotel. ...
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Southmoor Apartment Hotel
Southmoor Apartment Hotel is a historic apartment hotel located at Hammond, Lake County, Indiana. It was built in 1928, and is a five-story, "L"-plan building with a reinforced concrete frame and hollow tile exterior sheathed in brick and terra cotta. The building is in the Spanish Colonial Revival The Spanish Colonial Revival Style ( es, Arquitectura neocolonial española) is an architectural stylistic movement arising in the early 20th century based on the Spanish Colonial architecture of the Spanish colonization of the Americas. In the ... style. ''Note:'' This includes and Accompanying photographs. It was listed in the National Register of Historic Places in 2011. References Hammond, Indiana Residential buildings on the National Register of Historic Places in Indiana Mission Revival architecture in Indiana Residential buildings completed in 1928 Buildings and structures in Lake County, Indiana National Register of Historic Places in Lake County, Indiana ...
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The Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge fund solutions, insurance solutions, secondaries and growth equity. As of Q3 2022, the company's total assets under management were approximately United States dollar, US$951 billion, making it the largest alternative investment firm globally. Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter George Peterson, Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Kuhn, Loeb Inc., Lehman Brothers. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in Seed money, seed capital. The ...
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Hotel Types
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered (or named in some smaller hotels and B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In Jap ...
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Corporate Housing
Corporate housing is a term in the relocation industry that implies renting a furnished apartment, condo, or home on a temporary basis to individuals, military personnel, intern groups, or corporations as an alternative to a traditional hotel or an extended hotel stay. According to Corporate Housing Providers Association (CHPA), the industry's trade organization, corporate housing revenue was $10 billion in 2019 and $2.47 in 2010. The corporate housing industry has been a significant growth segment of the lodging industry for the past 20 years. As of 2015, the revenue generated by the industry reached $2.93 billion in the US, after a 7% increase over 2014, with an average stay of 84 nights. Corporate housing and extended stay hotels are two different types of accommodations. Corporate housing typically offers larger square footage, often at costs less than that of hotels, offers full customer service, and is typically used for stays averaging one month or more (the average corpor ...
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Studio Apartment
A studio apartment, also known as a studio flat ( UK), a self-contained apartment (Nigeria), efficiency apartment, bed-sitter (Kenya) or bachelor apartment, is a small apartment (rarely a condo) in which the normal functions of a number of rooms – often the living room, bedroom, and kitchen – are combined into a single room. Design The studio apartment is an apartment with a single room. They are also known as single-room dwelling places or studio flats. A studio apartment typically consists of one large room that serves as the combined living, dining, and bedroom. A variation, sometimes called an "alcove studio", may have a very small separate area; this wing or nook is off the main area, and can be used for dining or sleeping. The apartment's kitchen facilities may be located either in the central room or in a small separate area. The bathroom is usually in its own smaller room, while the toilet can be separated. Studio apartment sizes vary considerably by country. ...
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Serviced Apartment
Short-term rental describes furnished self-contained apartments that are rented for short periods of time, usually by the month as opposed to annual rentals in the unfurnished apartment rental market. They are seen as an alternative to hotels. "Short Stay" rentals are an offshoot of the corporate housing market. Popular uses include vacation rental and relocation. This industry is seen as the most affordable option for month-long stays, and might be 25–50% cheaper than a hotel room and the apartments typically offers additional amenities such as kitchen/kitchenettes, washer and dryer within the apartment. Some companies permit pets, subject to pet policies and applicable cleaning fees. Some booking procedures to be expected are credit checks, damage and holding deposits, and departure cleaning fees. Some renters have found that online photographs and descriptions were misleading, contact with the company in question is recommended. The proliferation of short-term rentals can aff ...
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