New concepts are emerging within the real estate industry - whether it ManuMart (a manufactures mart) or Manutailers (people who provide real estate, infrastructure support services) and Manuseller (who are showcasing their products and selling it directly or taking orders) at the ManuMart.
This new real estate concept is supposed to boost the growth of Corporate Suites; as Manusellers dash in to promote business from across the Globe at ManuMarket. To provide comfort to these travelling warriors and entrepreneurs corporate suites are burgeoning across major cities in USA.
The main hub being Chicago, New York, Seattle, San Francisco, Austin, Houston and many more joining the group.
Hospitality Industry augmentation in the last decades has shown that it can give tremendous booth to our economy; by working together with tourism, local businesses and industries. The concept of ManuMart and Manutailers give them again an opportunity to add new product lines and expand the corporate suite concept. The concept has a niche market and it should become a part of all major hotel chains and boutique hotel chains.
International business travelers from Europe and, Asia are looking for long stay corporate suites, which can give them comfort of home and a milieu which gives a prospect to network and do business in corporate affable manner. The amenities offered by corporate suites include such conveniences as full kitchens, washer and dryers and on/off site facilities such as a gym for working out.
They usually feature fully equipped offices that make it easy to complete work tasks and stay connected with coworkers back at the home office. On the comfort side, even the fridge is full with all the delicacies and off course wine from the finest regions, for a little celebration.
Deluxe corporate suites chambers also give the possibility for the business consultants; to bring along their family with them on holidays.
Some of the corporate suites in Chicago like; The Walton Residence are having duplex units with approx 2000 sq.ft unit size with all the luxuries and comforts of home. Simple things like being able to do something as simple as cook a meal of choice, do a load of laundry or work out can make a world of difference to the valued global clients.
Also, providing on demand chef service, pick up groceries and fresh bakery will add supplementary value. World Famous Pane Caldo restaurant is offering the same at The Walton Residence. The concept of healthy diet and getting enough sleep are easier to maintain in a corporate suite environment.
Corporate suites are also much more budget friendly and it helps the bottom line of the corporations which translate into lower project cost and keeps them competitive. Unlike hotels, which charge per night and do not offer lower rates based on length of stay, corporate suites are designed specifically for longer term rental. Companies can even rent out a suite for a year or two and even design the suites according to the theme they want to portray.
ManuMart and Manutailers growth in USA will further promote the occupancy rate at the corporate suites. The concept is catching up and will see more and more of ManuMart, Manutailers, and Hotel combinations driving our economy and making our middle class much stronger.
Robin Trehan is an M&A Expert. He can be reached at rtrehan@creditcapitalfunding.com www.creditcapitalfunding.com