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La Maison à Dupont, a corporate apartment building in the Dupont Circle neighborhood of Washington, D.C.. Corporate housing is a term in the relocation industry that implies renting a furnished apartment, condo, or home on a temporary basis to individuals, military personnel, intern groups, or corporations as an alternative to a traditional hotel or an extended hotel stay.
Apartments in the unfinished building, priced from $30,000 to $140,000, began selling in October 1967, an indication of how popular the complex was with District residents. [ 77 ] [ 84 ] The Watergate West topped out on August 16, 1968, at which point the cost of the project had risen to $70 million. [ 85 ]
Korman Communities intended to create a mix of standard long-term-contract apartments and short-term extended-stay hotel units. But the leasing of extended-stay units was so popular that the company decided to convert all units to extended-stay hotel rooms. [7] Korman Communities gave control over the property to AKA, its extend-stay hotel ...
While there were over 22,000 short-term listings in August 2023, the month before the ban took effect, that number has fallen to below 5,000 as of this spring. Beyond that, the picture is more mixed.
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.
Potomac Gardens was designed by the Metcalf and Associates architectural firm, and was built from 1965 and 1968 by Edward M. Crough, Inc. It contained the innovative Potomac Gardens Multi-Service Center, bringing community services into the new public housing project. [1]
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