Corporate suites are an idea whose time has come.  It is easy to see why this convenient and economical alternative to traditional hotels has become so popular.  As all the "road warriors" out there are well aware, when it comes to finalizing a deal, making a sale, or providing training, there's no substitute for being there. 

Despite the increasing availability of technology such as "webinars" and "virtual" meetings, there has been no statistically significant decrease in the number of business trips taken annually.  Technology will never replace the connection that is made when people work together, face to face.

Longer term stays are much more comfortable and easier to handle when one has access to some of the comforts of home.  The amenities offered by corporate suites can include such conveniences as kitchens, washer and dryers and on 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. 

Being able to do something as simple as cook a meal, do a load of laundry or work out can make a world of difference to someone who must be away from home for longer than a few days.  Healthy habits like eating right and getting enough sleep are easier to maintain in a corporate suite environment.  Productivity increases when the traveling employee feels relaxed and at home.  They are less stressed and better able to concentrate on the purpose of their trip.  They are also less apt to be distracted by people who are traveling on leisure. 

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.  That translates into rates that are much more budgets friendly.  Additional cost and time savings are realized when an employee has the option of purchasing groceries and preparing some of their own meals rather than being forced to go to a restaurant three times a day.  A new concept developed at The Walton Residence at 70 E. Walton, Chicago is "On Demand Chef Service". Chef Service is provided by Pane Caldo on the best rated restaurant in Chicago.

Many major hotel chains now include corporate suites as part of their nationwide offerings.  In many cases, once a company has found a corporate suite its employees are happy with, planning travel becomes a "no brainer".  Employees who travel routinely can count on their favorite corporate suite to meet their needs regardless of their destination. 

The popularity of corporate suites will no doubt grow as more and more people realize the advantages they offer.  The result will be increased productivity, a healthier bottom line and happier employees.

Robin Trehan is an M&A Expert. He can be reached at rtrehan@creditcapitalfunding.com www.creditcapitalfunding.com