Unedited news and product information from vendors.
Government and Military Housing Portal TDY Lodging Acquires BaseLodging.com
Aug 03, 2010 (04:08 PM EDT)
In its second acquisition this year, Real Estate portal TDYLodging.com acquires Base Lodging, a portal for Military Housing and Furnished Housing
WASHINGTON, Aug. 3 /PRNewswire/ -- TDY Lodging (Washington DC), announced its second acquisition of the year. TDY Lodging, which primarily serves Fort Huachuca, MacDill Air Force Base, Naval Air Station San Diego, and Washington DC, will expand its reach to target even more areas where government and military lodging is needed.
Military veteran Matthew Foster, founder of TDY Lodging, told reporters at IPO Finder, "TDY Lodging provides housing options for government and military personnel, while providing property owners with access to a large pool of military and government travelers. Adding BaseLodging.com to our portfolio of web portals will simply allow us to further expand our reach."
Despite the depressed real estate market, rental income from furnished housing for TDY Military and Government personnel continues to grow at a steady pace. TDY Lodging operates the largest government and military housing database on the market today. Focusing on this niche market allows property owners to attract quality tenants who generate solid rental income.
SOURCE TDY Lodging