
- Legal Compliance & Safety
- Two Dark Horses Have Emerged In the Coming Competition Between Multi-family Apartments and Extended-
Two dark horses have emerged in the current economic climate both competing for hospitality industry and real estate consumer and investment dollars. The contenders are Extended-stay hotels and Multi-family Apartments MFAs). Extended-stay hotels are competing by trading in their economy pedigree and emerging as upscale alternatives to traditional business traveler accommodations. MFA's are responding to the changing market place by offering short-term leases to market segments that traditionally would not be considered rental property consumers. The convergence of long-term stays and short-term leasing creates interesting legal issues as hoteliers and landlords blur the lines between traditional hotel stays and leases of rental property. READ MORE