Reading Time: 2 minutes India: SoftBank-backed hospitality chain OYO is rumoured to be edging towards an initial public offering [IPO] after hiring JP Morgan, Kotak Mahindra Capital and Citi for an initial $1.2 billion share sale.
Reading Time: 1 minute UK: Watkin Jones Group has submitted planning application to develop a coliving scheme at Portcullis House on India Street in Glasgow.
Reading Time: < 1 minute UK: Study Inn Group will convert Reynard House in Leicester into a 267-bed purpose-built student accommodation centre.
Reading Time: 2 minutes US: Chatham Lodging Trust (CLT), a lodging real estate investment trust (REIT) in the extended stay space, has appointed Ethel Isaacs Williams and David J. Grissen to the company’s board of trustees.
Reading Time: 3 minutes Worldwide: Expedia Group Media Solutions, the global travel advertising platform connecting marketers with travellers across the Expedia Group brand, has released its Q2 2021 Travel Recovery Trend Report.
Reading Time: 3 minutes US: Next-generation hospitality company Sonder has announced the strongest quarterly revenue in its history in financial results for the three months ending at 30 June 2021.
Reading Time: < 1 minute Australia: Corporate Keys, one of Australia’s biggest provider of corporate furnished housing, has acquired the Southbank Apartments brand.
Reading Time: < 1 minute UAE: Staybridge Suites Dubai Internet City has opened on Sheikh Zayed Road.
Reading Time: 2 minutes UAE: Serviced apartment rates in Dubai have risen sharply, driven by overseas visitors, expats and UAE residents ahead of Expo 2020.
Reading Time: 3 minutes US: The Highland Group has released its June bulletin, revealing details of the recovery of the extended stay sector post-pandemic.