US: Premier next-generation hospitality platform AvantStay has announced the creation of its in-house brokerage division.
With many of the company’s existing clients and homeowners requesting to buy income producing homes, AvantStay will handle the sourcing, onboarding, design, property management and guest experience all under one platform. By bundling sourcing, buying and managing, it is providing access for retail and institutional investors to the highest yielding asset class in real estate today.
Sean Breuner, CEO and founder of AvantStay, said: “We launched our brokerage with a vertically integrated approach to investment at the forefront of our thesis. The AvantStay platform powers a premium buying experience to investors looking for high-yield returns in the booming short-term rental asset class.
“Our data and tech suite enables us to source and underwrite high performing destination homes and work with our network of agents to acquire a unique AvantStay property. Our team will then design, onboard, distribute and manage with a completely hands-off approach for the owner.
“We do all the work for you so that it is a seamless buying and investment experience that delivers outsized returns for your investment portfolio,” he added.
The brokerage division allows for AvantStay to:
- Identify potential high-performing assets based on buyer specifications
- Underwrite the property’s performance, delivering a detailed revenue projection on the home
- An in-house, award-winning design team [Marriott’s best designed homes] will onboard the home to be both aesthetically and functionally optimised for short-term rental use
- Procurement and installation team will leverage its national supplier to source and buy high-quality furniture with steep enterprise discounts
- Manage any value-add construction with its deep partnership network
- Fully manage homes through AvantStay’s online platform – leveraging the AvantStay’s proprietary direct booking platform augmented by a best-in-industry distribution network with over 50+ channels to drive premium returns
Operating in over 70 cities, AvantStay also provides a full suite of property management services offering flexible programmes to meet owners’ long-term financial goals, maximise rental income and invest in furniture, design and capital improvements that increases the equity of the home.
