Property Management

The properties we manage are comfortable, elegant and carefully selected to make our guests feel at home. They are typically located in up-scale residential areas near entertainment, shopping, transportation and close to major business districts. By offering biweekly housekeeping we’re able to personally inspect each of the properties in our portfolio and immediately address maintenance issues when repairs are required. We work with landlords to acquire these properties in one of two ways: Traditional Lease Program or Furnished Accommodations Agreement.

Traditional Lease Program

Under the Traditional Lease Program, we sign a lease agreement with a landlord for a fixed term. We then furnish the property to our four-star standard and sub-let the furnished accommodation to executives for a shorter term (generally 30 days or more). Travelling executives are AAA tenants and our landlords come to appreciate their relationship with Premiere Executive Suites. Landlords that work with us under the traditional lease program benefit from a steady income stream in a care-free relationship as we are inspecting and maintaining the property regularly.

Furnished Accommodations Agreement

For landlords looking for greater returns and willing to take on more risk, we sign a furnished accommodations agreement. The landlords we work with under this agreement furnish their suites to our four-star standard. The agreement takes the form of a master commercial lease. We then sublet the property for a term of thirty days or more to travelling executives under a reservation agreement. The financial arrangement between Premiere and our landlords typically takes the form of revenue sharing in favor of the landlord at 70%. Under this agreement the landlord is paid when the property is occupied.

About Premiere Executive Suites

A cost-reduced alternative to luxury hotel accommodation for temporary assignments, training programs, extended stays or relocation, Premiere Executive Suites has built a thriving and growing business by offering exceptional value and prime locations to mobile employees. Since 1999 Premiere Executive Suites has established a Canada-wide network of more 1,000 residential executive suites. Premiere Executive Suites has opened offices in Halifax, Sydney, St. John's, Moncton, Montreal, Ottawa, Greater Toronto, Calgary, Vancouver, Victoria, Ft McMurray, Edmonton, Fredericton and most recently Saint John, Regina, Saskatoon and Winnipeg. International locations include Tampa Florida and Barbados.