"Serviced apartments fill the gap between leased residences and hotel rooms by offering flexibility, strategic locations, up-to-date modern conveniences and value-added services to tenants," says Tasos Kousloglou, who leads JLL's Hotels & Hospitality Group's asset management arm in Asia. For the modern business executive, being away from home doesn't mean completely changing their lifestyle. Modern conveniences such as high-speed internet connections, iPod docking stations, up-to-date kitchen appliances and state-of-the-art home entertainment systems at serviced residences help business executives with work-life balance while they are out on short-term assignments, according to Kousloglou. Rising demand has led hotels to install kitchens and convert hotel rooms into serviced apartments. "Many hotels are now hybrid properties as travellers on work assignments are increasingly looking more for home-style living while overseas," says Kousloglou. Get the full story at JLL