Around the world, relocating employees and employees on temporary business assignments have a wide array of choice for accommodations.
For stays of 30 days or longer, folks typically have two choices, temporary apartments or extended-stay suite hotels. Both have unique benefits and drawbacks. This Blog Post is my shot at assisting you in picking what is best for you.
First, I have no clear favorite, each style of accommodations has distinct merits. While I am a long time “temp apartment guy”, I am also a big fan of suite hotels.
Extended-Stay Suite Hotels
“Suite Hotels” are plentiful, but the term can be misleading. Your “suite” can mean many things. On one end of the spectrum, you get a glorified room with 70 extra square feet, a sofa, microwave and a pint-size refrigerator. Think Holiday Inn Express inn & Suites. At the higher end, you can get a two bedroom/two bath suite with closing bedrooms doors, a full kitchen, actual living room, and upscale amenities. The Homewood Suites and Residence Inn occupy this strata. Many variations are in between, buyer beware. Research details of each “suite”.
- Good rates if you book for 30 days or longer. Sometimes tax is exempt in certain cities on longer stays.
- Flexible. You can leave when you want. Careful here though, departing earlier from the long stay can increase your rate 25% – 100%, or more.
- Sometimes decent free breakfast offerings, even light cocktail refreshments at Happy Hour.
- With some chains, pets are welcome, with low pet fees. Some chains are also fairly flexible with dog breeds where temp apartment communities will not allow those “aggressive breed” dogs.
- Large city locations of course, and sometimes located in rural areas where temporary apartment options are non-existent, or limited.
- Easy to check-in, a 24/7 front desk welcomes you.
- Many suites as noted are not real suites with bedroom doors. Some smaller options will be better suited to a single adult.
- While you can find a decent size kitchen in many, dishwashers seem to be lacking. Actual stoves may also be missing.
- Get used to a community laundry room that charges by the load – no in-room washer/dryers that are typical in most temporary apartments.
- Even the largest suite is small. At the higher end chains, a two bedroom/two bath suite may only be 800 square feet. The typical two bedroom/two bath temp apartment can be 1000 – 1200 square feet, quite roomy for a family of four.
First, straight away, the temp apartment industry goes by many names:
- Temporary Apartments
- Corporate Apartments
- Executive Apartments
- Furnished Apartments
- Serviced Apartments, the industry term around the world, except North America
I could bore you with reasons for the various names, but suffice to say, may cooks in the kitchen in this industry.
Temporary Apartments are fully furnished apartments located in typically newer apartment communities that are designed and built for long term renters. Most are operated by various temp housing companies that rent standard apartments, then install furniture, housewares, linens, and electronics. The operator adds utilities, cable TV, phone service, and wireless internet service. All the comforts of home at an apartment community you would typically love to stay at beyond your temp housing need.
The industry is highly fragmented. While the extended-stay suite hotel industry has 14 dominant brands, the temporary apartment industry has over 450 operators in the USA, most serving only one or two cities. Less than 20 companies operate in broad regions, with only a handful operating throughout the USA or the world.
Nomad is the first company in the world by the way to consolidate this fragmented industry to provide unbiased choice among most of these operators. We bring our clients the best possible choice of quality apartments all serviced 24/7 by Nomad as we are not a broker. OK, commercial over.
- The industry primarily rents at very nice, newer apartment communities. This gives the guest a great apartment, often fantastic fitness centers, pools and other recreational amenities. Apartments built in the last five years often have granite counters, fine flooring, stunning bathrooms and kitchens, and almost all have in-unit washer/dryers. Keep your quarters in your pockets.
- Square footage! Enjoy an 800 square foot one bedroom apartment, or a 1200 square foot two bedroom, or even a 1500 square foot three bedroom. All of these are possible in most USA larger cities and many worldwide major cities.
- Cost effective rates. In Houston, a new one bedroom temp apartment can cost as little as $95 per day, no tax. Manhattan, a one bedroom can go for $180 – $240 per day plus tax. This may seem high, but a one bedroom suite at a Midtown hotel can easily run $1200 per day plus tax. The temp apartment is a bargain.
- Feels like home. Your neighbor typically is on a long term lease, only you will be moving belongings in every 30 or 60 days. The apartments are designed for living, you benefit.
- You are mostly bound by apartment lease rules. A minimum 30 day stay is required in most locations in the USA. International locations are much more flexible. Plus, most locations require a 30 day notice to vacate – less flexibility than a hotel.
- Typically in the USA, no 24/7 front desk. You often arrive at your door with a lockbox installed where you enter a code and retrieve keys. A bit clumsy, but you are only checking in once for a 30 – 90 day average length of stay. Exception – temp apartments in large city high-rises have doormen that will hand you the key.
- No free breakfast, or Happy Hour. You can offset this by looking into that huge refrigerator and pouring your own beer.
- Hard to find in remote locations. Since there is not much demand in a town like Sebring Florida, you may end up in some form of suite hotel. Temp Apartments are located in cities with reasonable demand for them – cities with a base of decent sized employers who need temp apartments for their employees.
I hope this rather lengthy Blog Post helps in some way. Email me any comments, questions, or alternative views at email@example.com
Enjoy Your Stay!