BridgeStreet Expands in London as Growth in United Kingdom Continues

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Global Firm Adds New Asset in Central London and Expands European Portfolio Just in Time for 2012 Olympic Games

BridgeStreet's latest acquisition in London is Suffolk Lane. This new asset will be available starting July 2012.

"With this newest asset, Suffolk Lane, BridgeStreet continues its proactive expansion in prime locations such as London, Paris, Frankfurt and Brussels,” said Max Thorne, senior vice president of international development at BridgeStreet.

BridgeStreet, a leading provider of serviced apartments, is pleased to announce its latest acquisition in London, Suffolk Lane. This new asset will be available starting July 2012, which will enable bookings in time for the London 2012 Olympic and Paralympic Games.

Located conveniently in the center of London, Suffolk Lane houses 27-units including 24 studio apartments and three one-bedroom apartments. The property is right in the heart of London’s busy business center and just steps from the Cannon Street train station and the Monument tube station. Both business and leisure travelers will find many of London’s tourist attractions, such as the Tower of London and St. Paul’s Cathedral, within walking distance.

"With this newest asset, Suffolk Lane, BridgeStreet continues its proactive expansion in prime locations such as London, Paris, Frankfurt and Brussels,” said Max Thorne, senior vice president of international development at BridgeStreet. “By aggressively strategizing, we capitalized on an opportunity to obtain property that will be valuable during the Olympics and for years to come.”

BridgeStreet worked closely with Marldon as the property owner and developer.

“Since 1999, we have maintained a successful partnership with BridgeStreet and Suffolk Lane continues the relationship,” added Charlie Markes, partner at Marldon. “BridgeStreet simply keeps innovating and their recent Satisfaction Guarantee program has obvious benefits to its customers. At the same time, it also ensures good stewardship and profitability of our property.”

BridgeStreet continues its growing inventory of wholly refurbished properties to meet their exceptional brand standards. This latest block of apartments adds to BridgeStreet’s existing portfolio of more than 50,000 apartments worldwide.

More about BridgeStreet
BridgeStreet is the leading global provider of fully furnished residences, serviced apartments and suites for travelers looking for a hotel alternative. BridgeStreet’s 5-star Residences, 4-star Serviced Apartments and 3-star Suites combine the best of apartment living with a variety of service packages to offer guests more choices based on their lifestyle and budget. An award winner both in the Americas and EMEA, BridgeStreet is widely recognized for its uncompromising standards of quality, comfort and service. For more information about the company or to learn more about how BridgeStreet is making guests and clients Feel connected™, visit http://www.bridgestreet.com.

More about Marldon
Marldon is an award-winning, specialist design and build partnership that has built up an impressive portfolio of properties across Central London. Formed in 1968, the firm has a long and distinguished track record in developing both residential and commercial properties for sale and rent. To learn more about Marldon, please visit http://www.marldon.net.

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Molly Lynch
Bridgestreet Corporate Housing Worldwide
773-505-9719
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Kelly Murphy
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