Serviced Apartments- the Way Forward?

Serviced Apartments- the Way Forward?

14:24 PM, 15th August 2011, About 13 years ago 2

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"Serviced Apartments a good alternative to hotels?"

Not much is said about the Serviced Apartment rental market. At about the same cost per person as staying in a good quality hotel, this area is a good viable option for both landlords and larger companies who are constantly sourcing hotel accommodation for consultants or staff.  An average consultant’s stay can be  a week away from home or several weeks, while they will be entertained by co-workers in the evening most of the time, early starts can put some hotels or bed and breakfasts out.  And when you are doing that much travelling, isn’t it preferable to allow staff to stay in good, self contained accommodation? A much needed home from home?

There are  of course also relocation families. They may require 2 or 3 months in an area before they find the long term property that will suit them. Often they will have their own belongings in transit and will need a fully furnished home when they arrive. This can apply to recent transfers in the football market too!

The standard of furnishing does need to be higher. A complete kitchen inventory, some bric-a-brac and towels/ bedding will all be necessary. The same touches you would find in a hotel- for example take-away menus, a map of the local area, emergency telephone numbers. Free wifi, satellite or cable tv and a complimentary starter pack* should also be included.

(* tea, coffee, sugar, UHT milk, toilet roll,biscuits, washing up liquid)

But with so few units of a good standard offering this service it may well be something to become involved in.

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11:06 AM, 17th August 2011, About 13 years ago

For landlords looking at this sector we provide a range of solutions including a sophisticated booking and apartment management system that caters to the peculiar VAT rates applied to serviced apartments (standard VAT rate upto 28-day stay, reduced rate after 28 day continuous booking). See Roomadmin serviced apartments system. Also an advertising portal for serviced apartments and houses: Cityserviced serviced apartments. Our team also offer consultancy on setting up serviced apartment operations.

11:30 AM, 17th August 2011, About 13 years ago

You forgot the "serviced" element - apartments will need cleaning and linens changed at least once a week and when guests leave.

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