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Meriton switches units to resi market after 40 per cent serviced apartment rate drop

George Sell 28 January 2021

Reading Time: 2 minutesAustralia: Meriton boss Harry Triguboff is moving 1200 Sydney serviced apartments to the residential lettings market following a 40 per cent drop in rate and occupancy.

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AKA lowers minimum length of stay at West Hollywood property

George Sell 27 January 2021

Reading Time: 2 minutesUS: AKA has launched seven-night minimum stays at AKA West Hollywood, down from the previous minus stay of 30 nights.

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London boutique hotel to add serviced apartments

George Sell 26 January 2021

Reading Time: 2 minutesUK: 11 Cadogan Gardens, a boutique hotel in London;s Chelsea, will open six apartment suites in spring 2021.

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Ascott sets 10,000 unit target for MEA and Turkey

George Sell 26 January 2021

Reading Time: < 1 minuteAscott currently has 16 properties under development and an additional 2,003 units in the pipeline that will be opening over the next two years in

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Hong Kong serviced apartment sector sees rates plummet

George Sell 26 January 2021

Reading Time: < 1 minuteHong Kong: Serviced apartment operators are cutting rates and offering incentives in a bid to boost pandemic-hit occupancy rates.

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Adagio signs Stuttgart aparthotel

George Sell 25 January 2021

Reading Time: 2 minutesGermany: Aparthotels Adagio and developer Bülow AG have partnered for an aparthotel in Stuttgart’s Neckarpark.

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Kerbler Group acquires R.evo serviced apartment project from Vienna House

George Sell 25 January 2021

Reading Time: < 1 minuteGermany: Vienna-based property investor Kerbler Group has acquired the 607-key R.evo serviced apartment project in Munich.

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Commerz buys Vienna apartment block

George Sell 24 January 2021

Reading Time: < 1 minuteAustria: Commerz Real Capital Management has invested a new-build apartment development in Vienna from S+B Gruppe and i Live Group.

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STAY launches subscription model for London serviced apartments

George Sell 22 January 2021

Reading Time: 2 minutesUK: STAY, part of the LABS collective, has launched a corporate subscription programme, which it says is the first of its kind in the serviced apartment sector.

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Locke to open two Munich properties

George Sell 21 January 2021

Reading Time: < 1 minuteGermany: edyn’s Locke brand will open two properties in Munich in late spring 2021.

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