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ExecuStay was founded in 1987 and was one of the first corporate housing providers to offer its stock for sale to the public in August 1997. ExecuStay Corporation was purchased by Marriott International in 1999, and was renamed ExecuStay by Marriott. [1] In March 2002, the name was changed to Marriott ExecuStay.
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
The area in Norwood Park Township northwest of Chicago, between Montrose Ave. on the north and Berteau Ave. on the south and between Thatcher Ave. on the east and Pueblo Ave. (later renamed Cumberland Ave.) on the west, was designated as one of those temporary housing sites and was named Thatcher Homes. [2]
An apartment hotel or aparthotel (also residential hotel, or extended-stay hotel) is a serviced apartment complex that uses a hotel-style booking system. It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company.
The cost of transitional housing is the same or less expensive than emergency shelters. But, due to the on site services, transitional tends to be more expensive than permanent supportive housing. [1] In the USA, federal funding for transitional housing programs was originally allocated in the McKinney–Vento Homeless Assistance Act of 1986. [2]
They were designed by Frank Lloyd Wright and built in 1895 and named after Edward C. Waller, a prominent Chicago developer after the 1871 fire. Waller and Wright collaborated on the Waller apartments and the Francisco Terrace apartments [ 1 ] to execute Waller's pioneering idea of subsidizing lower income housing. [ 2 ]
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