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 AKA, a Division of Korman Communities, Rescues Two Halted Luxury Condo
Conversions and Transforms the Properties to Luxury Hotel Residences; 
The AKA Times Square and AKA Virginia Square, Arlington, Virginia
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New York – May 16, 2007 – AKA, a new luxury extended-stay brand, is aggressively expanding its portfolio with the addition of two East Coast properties.  In late April, the innovative collection opened AKA Times Square, its fourth Manhattan location, and AKA Virginia Square, in the bustling Washington, D.C. suburb of Arlington, VA.  Staying true to its fast-pace growth strategy, AKA rescued these halted luxury condo conversions and transformed them into upscale hotel residences.  These latest hotel residences further evokes AKA’s dedication to meeting the need in the high-end, long-term stay market in key locations. 

AKA Times Square, 123 West 44th Street, is a 12-story building that was redesigned by the architectural firm of HLW International into 111 studios, one- and two-bedroom suites.  All accommodations feature flat-screen televisions in the bedroom and living room with digital cable and HBO; exclusive REM mattresses with Egyptian cotton linen and a selection of pillows; modern kitchens with SubZero appliances and quartz zodiac countertops with frosted glass back splash; mosaic baths with glass shower enclosures; Bosch washers and dryers, as well as AKA brand-standard hotel amenities and services.  The eight bi-level penthouse suites offer private balconies with great city views, including prime sightline for the New Year’s Eve ball drop.  The modernized property is within walking distance to must-see attractions such as Radio City Music Hall, Rockefeller Center, Bryant Park and more.  AKA Times Square offers guests en-suite dining from Café Un Deux Trois, a French bistro.  Rates start at $275 per night for a 30-night stay, $345 per night for a seven-night stay and $365 per night for a short-term stay, exclusive of tax and based on availability.* 

AKA Virginia Square, 3409 Wilson Blvd in Arlington, is a newly-built eight-story mid-rise with expansive open floor plans and floor-to-ceiling glass windows providing streaming daylight.  The 85 modern, loft style one-, two- and three-bedroom suites feature hardwood floors with Berber-carpeted bedrooms; gourmet kitchens with GE stainless-steel appliances, granite countertops and maple cabinetry; ceramic bathrooms with separate showers and soaking tubs; full-size washers and dryers, as well as AKA brand-standard hotel amenities and services.  The large, modern lobby features a kinetic light panel and a lounge with flat-screen televisions in surround sound.  The property is conveniently located near the Orange line of the Washington Metro for unparalleled access to all points of interest in the surrounding area.  A rooftop garden provides spectacular views of the Washington Monument.  AKA Virginia Square offers en-suite dining from the highly acclaimed Morton’s Steakhouse.  Rates start at $135 per night for a 30-night stay, $195 per night for a seven-night stay and $215 per night for a short-term stay, exclusive of tax and based on availability.** 

By 2010, the brand plans to have 20 AKA properties in major cities in the U.S. and abroad, which will make it one of the largest and fastest-growing luxury, urban-focused extended-stay brands in the world.  “Our unique position is: ‘when a hotel isn’t the answer for your long-stay travel needs,’” said Larry Korman, co-president of Korman Communities.

AKA Times Square’s sister properties in New York City are AKA United Nations, AKA Sutton Place and AKA Central Park, the brand’s flagship location.  AKA Virginia Square’s neighboring property, just 10 minutes away, is AKA White House which is just two blocks away from the country’s most important address.

AKA, a division of Korman Communities, is an innovative, new and growing collection of luxury extended-stay properties in prime urban locations.  Current AKA residences are in:  Philadelphia; New York City (4); Washington, D.C.; Arlington, VA, and White Plains, New York, with plans to own and operate 20 properties worldwide by 2010.  New properties will open this summer in Philadelphia and Dulles, VA.  Across the brand, architecturally inspired spacious accommodations, which range from studios to three-bedroom suites, offer the privacy of contemporary apartments infused with hotel services.  While each property is unique and has distinct guest offerings, all properties feature the AKA brand standards and amenities of: fitness centers; full-service business centers with meetings space and complimentary high-speed Internet access; complimentary weekday club breakfasts with La Colombe coffee, yogurt, fruit and baked goods; en-suite dining; same-day, valet dry-cleaning and laundry service; 24-hour front desk assistance; dedicated doormen, concierge services and full-time, on-site management and maintenance.  All suites include top-of the-line kitchens, contemporary furnishings, luxurious bathrooms, meticulous housekeeping; extended digital cable with HBO, DVD players, and complimentary Wi-Fi access.  Personalized service is a hallmark of AKA.  For reservations and information, please visit www.stayaka.com or call (866) AKA-9999.

Korman Communities, with headquarters in Plymouth, PA, is a fourth-generation, fully integrated real estate company with development, management and financial capabilities operating throughout the eastern United States.  The firm has constructed more than 30,000 single-family homes, 12,000 apartments and townhouses, as well as 6-million square feet of industrial and commercial space.  In addition to the AKA brand, Korman Communities has a portfolio of nine suburban garden and mid-rise communities in Pennsylvania, New Jersey and North Carolina.

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Contact:

Caroline Kerrigan
Quinn & Co.
520 Eighth Avenue, 21st Fl.
New York, NY 10018
T 212 868 1900 x 253
F 212 465 0849
ckerrigan@quinnandco.com
www.quinnandco.com
 

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Also See: The Korman Communities Expanding AKA, its Extended-stay Brand; Two Properties Opening in New York City, AKA Central Park and AKA Times Square / April 2007
The 300 room Crowne Plaza Hotel at the United Nations Goes Independent, Reclaims Original Name - the Tudor Hotel at the United Nations / May 2007
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