Preferred Hotel Group enters new market with summit serviced residences (United States)
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Preferred Hotel Group enters new market with summit serviced residences (United States)
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Category: North America & West Indies / Carribean islands - United States - Industry economy
- New brands / Affiliations
This is a press release selected by our editorial committee and published online for free on 2012-02-08
Welcomes seven AKA properties
Preferred Hotel Group™ today announced its entry into the expanding luxury serviced residences market with the company’s new brand – Summit Serviced Residences. Summit Serviced Residences is a collection of luxury flexible-stay properties that combine the style and amenities of a city hotel with the space and comfort of a personal residence.
Joining the Summit Serviced Residences collection are properties from AKA, a leader in the luxury long-stay market, with locations in New York City, Philadelphia, Washington, D.C., and Arlington, Virginia. AKA residences balance the style and hospitality of an intimate hotel with the space and comfort of a fully appointed luxury condominium with a full range of services.
“This is a growth opportunity for Preferred Hotel Group. Business travelers on temporary assignments, relocating executives, and family travelers desire exceptional services, and want the experience of staying in luxury accommodations surrounded by the comforts of home,” said Lindsey Ueberroth, President, Preferred Hotel Group. “Entering the flexible-stay market is a natural extension for the company.”
Preferred expects to grow its Summit Serviced Residences collection internationally and will target key cites in Asia, Africa, Europe, and India, where it already includes its inaugural partners in Singapore, 8 on Claymore Serviced Residences, and in South Africa, Gondwana Game Reserve.
Through its global sales network and marketing and distribution services, Summit Serviced Residences offers its partners opportunities to reach travelers looking for flexible-stay options. Embedded in the brand are the company’s legendary Preferred Standards of Excellence™, providing guests the confidence and reassurance they seek when traveling.
“Preferred is pleased to welcome seven AKA properties in its new Summit Serviced Residence collection. Recognized for its stylish, spacious and high-end luxury accommodations, AKA establishes our strong initial leadership presence in the flexible–stay markets, providing travelers with exceptional choices in leading urban destinations,” said Ueberroth.
“We’re thrilled Preferred Hotel Group has launched its new division catering to the long-stay traveler,” said Larry Korman, President of AKA. “The demand for luxury long-stay accommodations continues to grow as a result of individuals' lifestyle shifts. This partnership will help expand our global reach and serve the evolving needs of today's affluent traveler.”
About Preferred Hotel Group™
With more than 850 best-in-class hotels and resorts in 70 countries, Preferred Hotel Group™ represents six distinctive brands: Preferred Hotels® & Resorts, Preferred Boutique™, Summit Hotels & Resorts™, Sterling Hotels™, Historic Hotels of America®, and Preferred Residences™, a membership-based exchange program for luxury shared ownership resorts. Preferred Hotel Group also offers I Prefer™, a complimentary global guest benefit program, and Preferred Golf™, a membership-based program that grants access to over 100 of the world’s most renowned golf resorts.
About AKA
AKA, a division of Korman Communities, is an innovative, and growing collection of distinctive flexible-stay residences in prime urban locations. Currently AKA owns and operates properties in: New York City (4); Philadelphia, Los Angeles (opening Summer 2012), Washington, D.C. , Arlington, VA and London (opening Summer 2012). Across the brand, architecturally inspired spacious accommodations, which range from studios to two-bedroom penthouse suites, offer the privacy of a luxury residence infused with hotel services. While each property is unique and has distinct resident offerings, all feature the AKA brand standards and amenities of: a lounge, a cafe, fitness centers; full-service business centers with meetings space and complimentary high-speed Internet access; en-suite dining; same-day, valet dry-cleaning and laundry service; 24-hour front desk assistance; dedicated doormen, concierge services and full-time, on-site management and maintenance. All suites include top-of the-line kitchens, contemporary furnishings, luxurious bathrooms, meticulous housekeeping; extended digital cable with HBO, DVD players, and Wi-Fi access. Personalized service is a hallmark of AKA.
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