AvenueWest Canada, a Canadian franchise business specializing in managed corporate housing, opens its first local office in Toronto, Ontario. AvenueWest, the largest provider of managed corporate housing in the United States, has been serving the diverse needs of the business traveler for over 20 years.
It can be difficult for the business traveler to find the professional services and standards they expect in a hospitality solution. Today, according to PhocusWright an international hospitality, travel and tourism research authority, over 85% of corporate travel policies prohibit their employees from staying in a simple Airbnb hosted rental. These travelers need residential accommodations that are provided through a professionally structured organization like the exclusive rentals available through AvenueWest Toronto.
With a locally trained service team in the greater Toronto area, AvenueWest Toronto is now able to provide quality residential properties in a true, home-like atmosphere for anyone needing executive housing for a month or more. AvenueWest Toronto, led by Toronto native Lisa Shea, will now be offering lodging solutions in neighborhoods like Annex, Distillery District, Entertainment District, Financial District, Forest Hill, Glen Park, Guildwood, Harbor Front, High Park, Lawrence Park, Leaside, Mimico, North York, Old Mill, St Lawrence, The Beaches, York Mills and Yorkville. From upscale lofts to suburban single-family homes, they have options to fit the diverse lodging needs of the relocating professional, displaced homeowner, business traveler, professional athlete, movie crew or those on extended stay travel. According to Phocuswright the corporate travel demands for residential hospitality options are at an all-time high.
“Lisa Shea and her team come with a strong background in real estate investing, hospitality and customer service. AvenueWest Canada is excited to have such a dynamic and professional team leading the growth of the Canadian market,” stated Angela Healy the CEO of AvenueWest Global and AvenueWest Canada. Ms. Shea’s vision for the Totonto office is to expand to meet both the growing demands of the business traveler and the needs of property owners to find the right management solution for their furnished rentals.
Ms. Shea, is a first-generation Italian immigrant, who grew up in Toronto appreciating the diversity of the city and its architectural and residential varieties of each neighborhood. Early on she became passionate about investing in real estate knowing that these investments would give her the solid financial freedom she was looking for. Keen on tracking trends and finding the right opportunities, Ms. Shea a savvy investor herself, starting investing in Florida rentals during the recession buying properties for almost pennies on the dollar. Over the past 10 years Ms. Shea has invested, renovated and rented her own real estate and is now excited to bring her talents to grow the AvenueWest program throughout the city.
Toronto, the largest contributor to the Canadian economy, is a business community that draws professional talent from around the world that needs the right accommodations during their stay. Companies like Manulife, TD Canada Trust, RBC, Rogers Communications, IBM, Blackberry, General Motors, Microsoft and Walmart are always relocating top talent and engaging contract talent to make their businesses prosper. According to ERC Worldwide, the leading trade organization for talent mobility, “Business models are changing, employee preferences are refining the way people learn and communicate, and companies have different workforce strategies in place, from recruiting to retaining.” At AvenueWest we are dedicated to providing the right residential accommodations to meet the demands of today’s traveler and make them as productive as possible.
Ms. Shea believes, “The people that stay in our AvenueWest properties prefer to have the amenities of home and appreciate that it is a less transient environment than what they would find in a hotel. The cost to stay in an AvenueWest property is also typically less expensive per night than staying in a hotel, and our guests enjoy having a full-size kitchen, an in-unit full size washer/dryer, and larger living space.” AvenueWest properties feature month-to-month furnished rental options, pet-friendly properties, accommodations with 1 – 4 bedrooms, condos, townhomes, single-family homes and serviced apartments. “Our goal is to match high quality tenants with high quality properties every day,” Shea says. “Equally as important, our end to end property management solutions provide a best in class asset protection program for investors and property owners, so they can rest easy knowing their property is being taken care of.”
In today’s world of high demand residential lodging solutions for business travelers, AvenueWest Managed Corporate Housing continues to offer its award-winning solutions that travelers and investors have relied on for over 20 years. Corporate Housing as a residential lodging solution is a multi-billion-dollar industry that has been available to business travelers for decades. Traditional corporations, as part of their business travel policies, do not allow their employees to stay in individual AirBnB rentals. Business travelers need the service, quality, consistency and security offered through a professionally managed corporate housing property.
According to CHPA / Corporate Housing Providers Association, “This type of lodging is more than just a place to stay; it is a much-needed service provided for employees experiencing a training or transition. It in turn helps employers achieve their business goals by cultivating more engaged and focused employees. It is estimated that the annual collective U.S. domestic employee transfer volume for Fortune 500 companies is 244,595.” As businesses expand and require specific talent, they rely on AvenueWest Managed Corporate Housing to meet the housing needs of their employees. The average AvenueWest tenant stays over 100 days. These furnished rentals are a true home away from home.
AvenueWest Managed Corporate Housing was founded in 1999. In 2010, AvenueWest Global Franchise was established to expand the business and corporate housing services throughout the United States. In 2019, AvenueWest Canada was launched to continue to expand the franchise program into Canada. Currently, AvenueWest Global Franchise has 13 offices located in Atlanta GA, Boulder CO, Colorado Springs CO, Dallas TX, Denver CO, Denver South / DTC CO, Fort Collins CO, Las Vegas NV, Phoenix AZ, San Francisco CA, Scottsdale AZ, St Louis MO and Tucson AZ.
Our Vision: AvenueWest’s vision is to provide quality Managed Corporate Housing by professionally servicing a unique niche of business travelers with investment owners’ properties.
Our Mission: AvenueWest’s primary objective is to provide high quality condominiums, townhomes, lofts, single family homes and apartments to meet the short-term executive housing demand. We can best serve our tenants and property owners by always improving the quality of everything we do as a team. We are committed to the process of becoming a continuously self-improving organization.