This is a significant and exciting milestone in our continuing evolution and expansion as a business and as a dependable lodging solution.
Denver, CO (PRWEB)
August 01, 2017
AvenueWest Global Franchise, LLC the industry’s leader in managed corporate housing, announces new ownership and vision for growth through a management buyout.
Founded in 1999, AvenueWest, had the mission to provide high quality condominiums, townhomes, lofts, single family homes and apartments to meet the extended-stay executive housing demand by professionally servicing a unique niche of business travelers with investment owners’ properties. AvenueWest Managed Corporate Housing and now AvenueWest Global Franchise, LLC were built to provide monthly lodging options and increased opportunities for individual real estate investors.
AvenueWest Corporate Housing, Inc., started as a small real estate management company but quickly grew to the largest provider of corporate housing rentals in Colorado, added a spin-off of Corporate Housing by Owner and is now the foundation for the national expansion of AvenueWest Global Franchise. This year AvenueWest Corporate Housing is celebrating its 18th anniversary of doing business and providing solutions for property owners, corporate travelers and business owners alike.
As a result of the transaction, Angela Healy has been appointed Chief Executive Officer of the new entity. “The buyout is a significant milestone in our continuing evolution and expansion,” said Healy. “Management is committed to growth and innovation, and our new structure will enable AvenueWest to expand its franchise services throughout the United States.” Company co-founder, Kimberly Smith, will stay on with the company in the role of business development.
“I am extremely excited about working with our new owners to realize our shared vision for AvenueWest Managed Corporate Housing and our expansion into new markets. Though this denotes an important new chapter for AvenueWest, our customers should rest assured that the fundamental principles that have made the AvenueWest brand strong for almost 20 years will not be compromised,” promises Smith.
Unlike traditional corporate housing that only offers furnished apartments, AvenueWest…