ABODA Expands Portfolio to Rochester, MN

SEATTLE, WA--(Marketwired - Apr 6, 2016) - ABODA, one of the industry's largest global housing providers, has announced the addition of Rochester, MN's premier high-rise serviced apartment building, Broadway Plaza to its portfolio.

As of April 1, 2016, Royal Management & Development Inc. has entrusted the complete property management of Broadway Plaza to ABODA. "We welcome the leadership of ABODA to the Broadway Plaza family to lead and continue the success of our iconic and unique property and team. We are excited and grateful for this new beginning with the ABODA team," said Imad A. Baker, CCIM, Royal Management & Development Inc. president.

"The addition of this premier building into our portfolio is a tremendous opportunity for ABODA as we continue to grow our brand globally and move into new types of business lines," says Lee Curtis, CCHP, ABODA Global Housing Management president. "We are very excited and honored to add the iconic Broadway Plaza and its exceptional staff to the ABODA family."

With General Manager, Scott Eggert, at the helm, Broadway Plaza will continue to provide a better hotel alternative in downtown Rochester, MN as part of the ABODA team.

Opened in 2004 and sitting at 29 stories and 342 feet, Broadway Plaza is the tallest building in Rochester. The building has 145 newly renovated, luxurious furnished apartments and retail space on the second floor. Located just steps away from the world-renown Mayo Clinic with direct access to the Skyway, residents can easily access everything downtown Rochester offers. Property amenities and services include 24/7 concierge service, continental breakfast, a fitness center, a swimming pool, sauna and steam room, and a business center, all designed to make guests more comfortable during their stay.

About ABODA
ABODA is an innovative leader in global housing management services, providing end-to-end solutions to some of the biggest brands in the world, many headquartered in the Seattle area where the firm is based. ABODA Global Housing Management uses a logistics-focused approach, combining the best of program planning and administration, inventory management, execution, service delivery and technology to help corporate clients operate more efficiently and enhance customer experiences. ABODA also offers furnishings, property management, and cleaning services in the Greater Seattle Area. Employee-owned ABODA is flexible enough to meet clients' ever-changing business needs through its award-winning customer service. Learn more about ABODA at www.aboda.com or call 1-888-389-0500.

About Royal Management & Development Inc.
RMD Real Estate Investments established in 1992, is an integrated real estate investment services company that develops and operates commercial real estate in the United States. Since its inception, RMD has focused on providing comprehensive real estate services to international investors looking for core and opportunistic investments in the U.S. market. Our diverse portfolio includes, land, commercial office, residential, retail, and hospitality properties in four U.S. markets: the Washington DC metropolitan area (the second largest office market in the U.S.); Atlanta, Georgia; Pittsburgh, Pennsylvania and Rochester, Minnesota -- known internationally for the presence of The Mayo Clinic.