UK: Operator Staycity has taken on the lease of eydn’s Kingsland Locke aparthotel in Dalston, London.
The 124-unit Kingsland Locke aparthotel, owned by real estate investment firm Aprirose and operated by edyn for three-and-a-half years, will be rebranded under Staycity Aparthotels and transfer to the group’s portfolio next year on 27 January 2025.
Staycity plans to extend the property to 181 units by the end of 2028. Guest amenities currently include a gym, coworking area, café bar and event space, as well as an on-site microbrewery and gin distillery.
Andrew Fowler, Staycity’s chief development officer, said: “The availability of this lease was a fantastic opportunity for Staycity to strengthen its brand in the capital in an area that’s become one of London’s coolest destinations. The acquisition marks a renewed focus and expansion of the Staycity Aparthotels brand as it undergoes a repositioning over the next 18 months.”
In 2025 Staycity will open aparthotels in Amsterdam, Cambridge, Lisbon and Porto. Plans are underway to grow the current portfolio of 5,800 keys to 20,000 by 2032.
Last month, the company acquired a 74.9 per cent stake in the Felix Group, owned by Munich-based Denkmalneu, to operate aparthotels in Leipzig, Dresden and Vienna.
