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Expanding Partnership Announcement: Locale and The Dinerstein Companies

PHOENIX, AZ – Locale, the upscale apartment-style hotel brand and management company, and The Dinerstein Companies (TDC), a national real estate and development company, are pleased to announce the expansion of their partnership with the launch of Locale Midtown Phoenix. This new venture offers 27 upscale furnished apartments for short and extended stays within the Aspire Park Central residential community.

Upscale Accommodations in Prime Location

Locale Midtown is conveniently located within walking distance of Creighton University and St Joseph’s Hospital and Medical Center, making it an ideal choice for guests visiting these institutions. With its fully-equipped kitchens, in-unit washer-dryers, self check-in, and modern design, Locale Midtown offers the perfect blend of homely comforts and hotel conveniences. The property also boasts premium amenities, including a resort-style pool, fitness center, and a Sky Deck with breathtaking views of Downtown Phoenix.

Continuing Success in Partnership

This latest project in Phoenix follows the successful launch of another collaboration in Nashville, Locale The Gulch. In this endeavor, the fifth floor of Aspire Gulch, one of Dinerstein’s luxury residential buildings, was converted into upscale apartment-style rentals. Since their initial partnership in 2016, Dinerstein and Locale have worked together to introduce similar furnished accommodations at eight properties, with plans for additional locations in 2024.

The Mutual Benefits of Collaboration

Commenting on the partnership, Clay Hicks, Partner and President of TDC Management, stated, “Our goal is to always partner with best-in-class companies for all our assets. Since our initial rollout with Locale seven years ago, they have continued to show a similar mindset as us by approaching everything with the customer experience at the forefront within our buildings. We continue to keep our pulse on the short-term rental business within the national markets we are in and believe Locale is the company best suited for us to meet our shared goals.”

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Amid their expansion plans, the partnership between Locale and Dinerstein can considerably benefit from the AI legalese decoder. With the myriad of legal documents that may be involved in real estate transactions and contractual agreements, this AI-powered tool can decode and simplify complex legal terminology. By enhancing the clarity and accessibility of these documents, the AI legalese decoder can streamline communication, improve efficiency, and minimize potential misunderstandings or challenges that may arise. Utilizing this technology can further enhance the collaboration between Locale and Dinerstein, ensuring a smooth and successful partnership.

Meeting the Growing Demand for Luxury Apartment-Style Accommodations

Locale’s apartment-style accommodations address the increasing consumer demand for spacious, private, and comfortable lodging options during travel, particularly for work trips that blend with leisure vacations. These fully furnished apartments perform exceptionally well in both newly constructed buildings and established multifamily assets. By offering a more desirable alternative to conventional rentals, Locale can boost occupancy rates and command premium prices.

Nitesh Gandhi, Founder and CEO of Locale, expressed his enthusiasm about expanding their exclusive short-term rental relationship with Dinerstein. Gandhi acknowledged the trust and respect that has been established between the companies, emphasizing the successful returns generated for Dinerstein’s assets and capital partners. “We share a vision that high-quality furnished apartments enhance the value of multifamily assets,” Gandhi stated. “It’s our pleasure to work with Dinerstein’s exceptional team to bring these accommodations to life within their communities.”

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