"In light of today's turbulent economy, we believe that thispartnership is smart business for both parties," PHS Executive VicePresident Don Minker explains. "Under the arrangement, PHS willrefer clients seeking housing for more than 30 days to CAS. Inreturn, the apartment company will refer guests in need of lodgingfor less than a month to PHS. PHS owns and/or operates five hotelsin the Washington, DC area. Short-term, furnished apartment unitsare CAS' specialty, and the company is considered a leader in theextended-stay housing segment of the real estate market. "We takepride in meeting the needs of today's travelers," Minker says. "Andwe are confident that this alliance with CAS will help us serve thecustomer even better."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
