AFCO Realty has been involved in commercial real estate development and management for over 31 years. It's hospitality entity, AFCO Lodges, develops, owns and operates limited service extended stay hotels and other hotels for its own account and third parties.
When
managing for its clients, AFCO Lodges takes the position that each
hotel should receive the same care and attention in the management
process that it would have if AFCO owned it 100%. For its
investors and management clients, AFCO Lodges seeks to preserve the
hotel assets and to maximize the long term return on investment,
while minimizing the risks associated with the business.
AFCO Lodges is aggressively seeking to develop a number of different hotel brands on behalf of investors, and it has most recently developed a chain of extended stay hotels as a franchisee of the Suburban Extended Stay Hotels. AFCO Lodges is typically a fee developer and an equity investor in each transaction along with other invited investors. A prototypical project costs about $5 million, is situated on 2.3 acres and has 135 suites. Financial returns are well above average for commercial real estate or conventional hotels.
AFCO Lodge entities have stock ownership in the parent franchisor, who licenses franchise rights to other experienced business leaders who are also developing Suburban Extended Stay Hotel franchises.