New engagements bring one-of-a-kind residential hospitality
to Portland and Las Vegas
LOS
ANGELES, May 21, 2024 /PRNewswire/ -- Sentral,
the leading full-building residential hospitality operator,
today announced that it will expand its portfolio into two new
markets with management contracts at The Sutton in Portland, Oregon and Otonomus Hotel in
Las Vegas. The new markets signify
a growing demand for the elevated, hospitality-inspired lifestyle
experience that Sentral delivers at communities across the
country.
"Each of these markets represents an important piece of
Sentral's overarching strategy to be in the most vibrant, desirable
neighborhoods across the country, and to continue expanding into
markets where we add value with our hospitality-style services and
amenities," said Lisa Yeh, President
of Sentral. "We see a growing demand for curated lifestyle
experiences that are community-focused, and this presents
opportunities for owners to grow their revenue and NOI."
The Sutton (1550 NW Naito Parkway, Portland), developed by Lincoln Property
Company in partnership with Bridge Investment Group, is a
236-apartment community along the Willamette River in the popular
North Pearl District. 25 of the apartments are designer-furnished
and available for 30+-night stays. Floorplans range from studios to
2-bedrooms and are available with stunning riverfront and mountain
views. Among the full-service amenities are waterfront rooftop
terraces; a game room; a social club; private co-working spaces; a
state-of-the-art fitness center with on-demand digital fitness
rooms; and a pet spa and grooming room.
Otonomus Hotel (W Russell Road/S Decatur Blvd.), developed by
Growth Holdings, is located just blocks from Allegiant Stadium and
the famed Las Vegas strip and is
slated to open in early 2025. It is the first of a new, AI-driven,
sustainability-focused hotel concept that provides a full array of
premium hospitality services that can be managed and customized
using a dedicated mobile app. Among the services available are
Tesla V3 Superchargers that deliver up to 250kW to each connected
vehicle, resulting in significantly reduced charging times. The
hotel will be made up of 60% hotel rooms and 40% apartments,
including both traditional 12-month leases and designer-furnished
short-term rentals.
Sentral recently announced leasing-office openings at The
Bellevue in Philadelphia and Alloy in Phoenix as it continues to grow across
the United States. Sentral now
services 36 communities, equating to nearly 10,000 apartment units,
in 22 vibrant cities.
For more information on partnering with Sentral,
visit www.sentral.com/real-estate-partnerships.
About Sentral
Sentral is the leading
full-building residential hospitality operator, maximizing NOI lift
for Class A owners through superior performance and enhanced
experience. The company is redefining home for the modern renter by
transforming upscale, multifamily properties into dynamic
communities in the nation's most coveted cities. Sentral delivers
flexible living services, authentic local experiences, premium
amenities, community connection for residents and guests, and a
tech-enabled platform that enhances operational efficiency. The
company manages over $5 billion in
Class A multifamily assets and is backed by world-class firms in
technology, hospitality, and real estate, including ICONIQ Capital,
Highgate Hotels and Ascendant Capital Partners. Sentral is
headquartered in San Francisco and
Denver. Sentral.com
@SentralLife
Press:
Sentral | Brian Moriarty |
646.594.0049 | 378035@email4pr.com
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SOURCE Sentral