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BridgeStreet Worldwide to Manage Broadway Plaza in Minnesota
Awarded Exclusive Management of Luxury Corporate Apartment Building
in Rochester, MN
Wednesday, November 07, 2007
HERNDON, VA - BridgeStreet Worldwide, a leading international corporate housing provider, announced today that it is expanding its services to Rochester, Minnesota. Effective December 1, 2007, BridgeStreet Worldwide will manage Broadway Plaza, Rochester's premier high-rise apartment building. The property, located in the central business district, is within walking distance to the Mayo Clinic and connected to the city's skyway system of enclosed pedestrian walkways.

BridgeStreet Broadway Plaza, with 146 luxury furnished apartments, accommodates short-term and long-term guests by offering fully equipped serviced apartments on a weekly, monthly or annual basis. Conveniently located in downtown Rochester, this property is ideal for business travelers, relocating families, Mayo Clinic patients, and visiting staff and faculty. Guests enjoy spacious floor plans, gourmet kitchens, private French balconies and premium amenities including resident lounge, lap pool, spa and a state of the art fitness center.

"We are excited about the opportunity to manage this prime property for Royal Management," said Lee Curtis, BridgeStreet Worldwide's president and CEO. "We continue to look for opportunities where our management model can increase revenue and accelerate asset growth for property owners. BridgeStreet Broadway Plaza is in a convenient location and is marketable to a variety of downtown Rochester guests."

Property owner representative and developer Royal Management & Development Inc has awarded management of the 27-story luxury building to BridgeStreet Worldwide to increase operating efficiency and provide excellent yield management. "BridgeStreet has an established reputation for quality and consistency in managing properties abroad, which made them the optimal choice for managing Broadway Plaza," said Imad Baker, president of Royal Management & Development. "We look forward to partnering with BridgeStreet on this property as they consistently provide world-class customer service and offer an unsurpassed client base, which are primary objectives in managing this premier residential accommodations alternative."

BridgeStreet Worldwide is a leading international provider of corporate housing. BridgeStreet and its Global Alliance Partners offer over 15,000 corporate apartments located throughout the United States and 50 cities internationally. An award winner both in the U.S. and Europe, BridgeStreet properties meet uncompromising standards of quality, comfort and service. For more information about the company or to learn more about how BridgeStreet is Making Corporate Housing Easy, visit www.bridgestreet.com or call 1-800-BSTREET.