Reading Time: 2 minutesUAE: UAE-based IBC Group announced plans to spend $5 billion on acquiring 10,000 properties to furnish and manage as holiday homes in Dubai.

Reading Time: 2 minutesUAE: Dubai-based rentals provider Maison Privee has signed a deal to manage a portfolio of luxury villas on Palm Jumeirah.

Reading Time: 2 minutesUS: Extended-stay occupancy rose to 79.9 per cent in Q@ 2019, the highest level ever reported in that quarter, according to The Highland Group.

Reading Time: < 1 minuteVietnam: Swiss-Belhotel International is set to open Swiss-Belhotel Suites & Residences Ha Long Bay in Q4 of this year.

Reading Time: < 1 minuteAustralia: Sydney’s Yeh family has purchased the Seasons Harbour Plaza serviced apartment hotel in Sydney’s CBD through the first-ever NSW court-ordered strata renewal collective sale.

Reading Time: 2 minutesLeading hospitality publishing and events company International Hospitality Media, the publisher of Serviced Apartment News, has announced promotions and additions to its UK-based team.

Reading Time: < 1 minuteUS: Park Hotels & Resorts has reached a deal to acquire Chesapeake Lodging Trust in a deal that will bring its market value to $12 billion.

Reading Time: < 1 minuteUS: Host Hotels & Resorts has sold The Residence Inn Arlington Pentagon City for US$99.1 million.

Reading Time: 2 minutesVietnam: Oakwood Residence Hanoi will welcome its first guests at the end of September opening, according to the property’s general manager.

Reading Time: 2 minutesUK: Design-led hotel collection Oddfellows Hotels has announced further investment into its apartment offering.