Reading Time: < 1 minute Europe: Third-party operator Cycas Hospitality has expanded its development team with the promotions of Craig Patterson to CDO and Jeroen Steensma to director of feasibility and development.Â
Reading Time: < 1 minute US: Upscale economy hotel chain Red Roof has opened a new build and prototype, the HomeTowne Studios by Red Roof Tampa – Airport.
Reading Time: < 1 minute UK: Aparthotel operator Staycity Group has opened its fourth Wilde property in London, located close to Liverpool Street Station.
Reading Time: < 1 minute UK: The luxury Sanctum Apartments, located in north-west London, is being marketed at a guide price of £30 million by real estate agency Savills.
Reading Time: < 1 minute India: Construction company Leighton Asia has secured a $87 million contract by property developer Elan Group for a mixed-use serviced apartment project in Gurgaon, India.
Reading Time: 2 minutes Singapore: Corporate accommodation provider CAP Worldwide has expanded its global leadership team with the appointment of Jingpei Lin as director of APAC.
Reading Time: < 1 minute UK: Vertus Edit, the first aparthotel project from Vertus, the BTR arm of Canary Wharf Group, is scheduled to open in February 2025.
Reading Time: 2 minutes Worldwide: The latest quarterly report from SilverDoor reveals that, due to increases in supply, corporate travel is expected to increase worldwide as managers negotiate rates and value.
Reading Time: < 1 minute US: The WaterWalk brand, which joined Wyndham’s extended stay portfolio earlier this year, has launched its management arm WaterWalk Hospitality.
Reading Time: < 1 minute US: Hyatt’s upper-midscale extended stay brand Hyatt Studios is expected to debut in 2025 with a property in Mobile, Alabama.
Reading Time: < 1 minute UK: Hospitality company The Ascott Limited has taken over management of both the Millennium and Copthorne hotels at Stamford Bridge and will rebrand the properties under lyf.
Reading Time: 2 minutes Saudi Arabia: Lifestyle hospitality group Ennismore has signed a partnership with Tilal Real Estate Company to develop a 25hours hotel and Working From_ in Khobar.Â
Reading Time: < 1 minute UK: The 20-bedroom aparthotel Hotel 21 in Southport is due to come up for sale for around £1.2 million by auction house Venmore.Â
Reading Time: < 1 minute France: Hospitality group Barrière will open the five-star Maison Barrière Vendôme in Paris early next year.Â
Reading Time: 2 minutes UK: Airbnb is expanding its long-term rental marketplace into the UK with immediate effect, via a partnership with real estate developer and manager, Greystar.
Reading Time: < 1 minute Europe: Parent company TFE Hotels has set the goal for all 18 Adina Hotels in Europe to achieve Green Key certification in 2025.
Reading Time: < 1 minute US: Extended stay brand LivAway Suites has opened its third property in the United States, located in Smyrna, Tennessee.
Reading Time: < 1 minute UK: Lifestyle aparthotel brand The July will open its first international property in London Victoria, scheduled to launch in July 2025.
Reading Time: 2 minutes Germany: Dublin-based aparthotel operator Staycity Group has acquired a majority stake in the Felix Group, owned by Munich-based real estate developer Denkmalneu Group (DMN).
Reading Time: 2 minutes Germany: API-first open property management platform Apaleo has announced that it has raised €20 million in a growth equity investment [Series B funding] round.