Stay Alfred Talks Boosting NOI With STRs at IMN's Middle-Market Multifamily Southwest Forum

SPOKANE, Wash., March 13, 2019 (Newswire.com) - Stay Alfred, the hospitality startup that pioneered the travel apartment concept in the alternative accommodation space, will be participating in IMN’s Middle-Market Multifamily Southwest Forum on March 19-20, 2019. As the original and largest travel apartment provider in the U.S., Stay Alfred is home to industry experts who will be on the following Forum panels:

- Jordan Allen, CEO of Stay Alfred, on Short Term Rentals – What Kind of $$ Can You Make?

- Mike Wilson, Sr. Vice President of Real Estate at Stay Alfred, on Cash Flow Multifamily Investment Strategies

An industry leader in tech and development, Stay Alfred partners with multifamily developers and property managers to lease units and entire buildings and then offers them as travel apartments for guests.

IMN’s Forum will take place at the landmark Statler Hotel in downtown Dallas; Southwest real estate leaders will gather to explore the future of multifamily through the lens of developers and building owners, and the impact that real estate tech is having on the occupant experience. Stay Alfred currently manages travel apartments at the Statler Residences, the residential portion of the Statler building.

“The Statler property is a prime example of why our model works so well,” said Mike Wilson, Senior Vice President of Real Estate at Stay Alfred. “This is the perfect venue to show our partnership model and how we operate travel apartments within a building; we have a thriving relationship with the developer and owner at The Statler. We partner with real estate owners and developers of all sizes across the nation, and we’ve found our flexible lease up models to be particularly beneficial to small and mid-sized companies.”

On the heels of raising $47 million in Series B funding in 2018, Stay Alfred currently operates more than 2,000 upscale, professionally managed travel apartments in 32 U.S. cities and is continuing its trajectory of rapid expansion.

“Short-term rental programs are an attractive option for small and mid-sized developers interested in a more profitable model that boosts NOI by eliminating vacancy loss,” said Jordan Allan, CEO of Stay Alfred. “Whether an asset is in lease-up or is stabilized, building owners benefit year-after-year from multi-year master leases with annual escalation clauses.”

For more information on Stay Alfred, visit StayAlfred.com/Partnership. Visit StayAlfred.com/Dallas for a complete list of Dallas locations. For more info on IMN’s Middle-Market Multifamily Southwest Forum visit IMN.org/multifamilysouthwest.

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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 provide guests with the convenience of an apartment. We live to provide "Your place in the city.^TM" For more information, visit StayAlfred.com.

Source: Stay Alfred