Meet your favorite tenant.

Improved NOI, zero lease-up risk—what’s not to love?

We’re the nation’s leading boutique hospitality brand, and we’re your perfect tenant.

When you partner with Stay Alfred, our long-term, secured lease eliminates lease-up risk and substantially improves NOI over conventional apartment revenue models. Our model has been adopted by large-scale, nationally recognized developers, our master leases are financed by conventional project lenders, and we have the most successful track record in the industry.

We’re seeking to form long-term relationships, implementing our master-lease model in your class-A, downtown buildings, whether they’re current inventory, “shovels in the ground” projects or in your future pipeline.

Know anyone?

How we work.

From master-leasing high-end, downtown inventory to furnishing to booking and management of the guest experience, Stay Alfred handles it all.

Interested in learning more about our turnkey solutons? Contact Us ›

It’s all about the master lease.

We’ve created a flexible master-lease model that caters to developers’ financial priorities during any phase of development. Whatever amount of inventory you’d like to convert to boutique hospitality units—an entire property or a single floor in a building shared with long-term residents—we can harness a lease agreement to facilitate your needs.

Low-profile model: Premier Lofts

Contract Phase: Stabilized

Structure: Mixed-use building with both short and long-term rental

Stay Alfred Units: 50 of 386 units

Location: Denver’s Ballpark Neighborhood

Premier Lofts, a stabilized asset located in Denver’s Ballpark district, proved to be best served by Stay Alfred’s medium-touch model, in which resident and building needs are efficiently handled by a lean but effective staffing model featuring self-guided Keycafe app check-in. No lobby staff is present, but local staff is close by if needed. The master lease provides a hedge against declining rental rates in a saturated rental market and eliminates remarketing costs from turnover through right of first refusal.

Results

  • Fixed price per square foot during period of rent depreciation
  • Possession after long-term resident lease expiration, reducing vacancy loss, marketing costs, lease administration, etc.

High-Touch model: 505

Contract Phase: Under construction

Structure: Mixed-use building with both short and long-term rental

Stay Alfred Units: 140 of 293 [10 entire floors]

Location: Downtown Nashville

505, Tennessee’s tallest, most-luxurious, high-rise residential skyscraper—the highest-rated accommodation in Nashville—required a revenue model that would quickly boost the project’s NOI and facilitate a refinance 12+ months in advance of traditional timing. The developer wanted a high-touch model, ensuring that Stay Alfred was on site to support their guests (and the building’s residents) 24/7.

Results

  • 51% leased within 2 weeks of opening
  • Rent commencement for 10 floors upon issuance of C/O
  • NOI boost facilitated long-term refinance 12+ months prior to  anticipated schedule.

Stay Alfred model: Factors Row

Contract Phase: Rehab

Structure: Short term rentals

Stay Alfred Units: 49 of 49 units

Location: Downtown New Orleans

This historic building was under construction when Stay Alfred partnered with the building owners, and the master lease was designed to help them quickly realized increased NOI.

Results

  • 100% fully occupied upon delivery of the building
  • Substantially increased NOI through elimination of lease-up, vacancy loss, turnover, staffing, etc.

Stay Alfred has spent years providing dependable revenue to our partners and a top-notch experience for our guests and long-term building residents. We’re more than ready to exceed your expectations.

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