Hedge Fund Hotels
3 Advantages of a Hedge Fund Hotel
Whether you are launching a new hedge fund or financial services firm, expanding your established firm to a new location, or simply moving to a new office space, you will want to consider all of the available options. These options include commercial office space, subleases, and hedge fund hotels. Here, we will weight the hedge fund hotel option, also known as serviced office space or coworking.
What is a hedge fund hotel?
A fully managed hedge fund hotel, or serviced office space like Colony Workplaces, offers investment management firms a turnkey office space, complete with amenities like high speed Wi-Fi, conference rooms and furnished offices. Everything you need to be up and running today, without taking any focus away from your core business. With these major considerations taken care of, fund managers can limit launching or relocation costs and focus on asset management and the growth of the fund.
Advantages
Compared to other real estate options, hedge fund hotels offer a number of advantages for firms that are seeking a new office space. Here are some of the key benefits:
- Leasing Flexibility: Commercial leases typically require long-term commitments -- up to three to five years. However, hedge fund hotels, offer service agreements for 3 months; shorter if necessary. Such flexibility can be super appealing to new hedge fund managers who are eager to get a sense of where they will be in the future committing to an expensive long-term lease.
- Time: Every hedge fund manager wants to be up and running as quickly as possible, without wasting any time. With several of the most important features of a hedge fund launch already established in the hedge fund hotel, you could actually be up and running today. This allows you to focus your efforts on other top business priorities.
- Networking: At a hedge fund hotel, like-minded business professionals looking to achieve the same goals will surround you. Consult with industry colleagues or business professionals like lawyers and accountants that can support your business.
If you would like to learn more about Colony Workplaces and the conveniences they offer you, contact us now. We can show you the space and have you moved in today.