Reading Time: < 1 minuteUS: Scholar Hotel Group has opened a property in State College, Pennsylvania, a block from the Pennsylvania State University.
Reading Time: 2 minutesUK: A controlled affiliate of Starwood Capital, through a joint venture with Property Alliance Group (PAG), has acquired the Renaissance Manchester site from Urban & Civic with plans for a mixed-use scheme including a new hotel, offices and homes.
Reading Time: < 1 minuteUS: Marriott has opened a Residence Inn and a Springhill Suites in California, adding 212 units to its extended stay portfolio in the state.
Reading Time: 2 minutesUK: The Best Western Plus London Croydon Aparthotel in Thornton Heath has been accommodating coronavirus patients to ease pressure on a nearby hospital.
Reading Time: 2 minutesUS: Landing, the company behind the first membership for flexible living, has announced that it has secured $100 million in new funding, made up of a $45 million Series B round led by Foundry Group with participation by Greycroft and Maveron, and a $55 million debt facility.
Reading Time: 2 minutesUK: Real estate investment firm Cain International has agreed to a £74 million development loan with Canary Wharf Group and edyn to finance the development of a 279-key Locke aparthotel in London.
Reading Time: 2 minutesQatar: Ascott has entered into an agreement with Al Majed Hotel Management for the Somerset Al Mansoura Doha, set to open in Qatar’s capital in Q4 2021.
Reading Time: 2 minutesSingapore: Ascott Residence Trust (ART) has obtained a S$50 million five-year green loan from DBS Bank, making ART the first hospitality trust in Singapore to secure a green loan.
Reading Time: 3 minutesUK: room2 has completed the sale and leaseback of its flagship Southampton property, to a fund managed by Aberdeen Standard Investments (ASI), the UK’s largest active asset manager.
Reading Time: < 1 minuteUAE: The Aparthotel Adagio Dubai Deira features 189 furnished units, ranging from studios to two-bedroom apartments.
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