Reading Time: < 1 minute US: The 2024 First Quarter US Extended-Stay Hotels Report, published by The Highland Group, reveals a decline in RevPAR for the first time in three years.
Reading Time: 2 minutes Australia / New Zealand: Urban Rest, a provider of flexible alternative accommodations serving the corporate market, has announced its acquisition of New Zealand
Reading Time: < 1 minute US: The 410-room dual-branded Courtyard New Orleans and SpringHill Suites New Orleans Warehouse Arts District has been sold for $73 million.
Reading Time: 2 minutes Germany: Digital hospitality platform NUMA Group has established its brand advisory board, aimed at “accelerating growth” for the company.
Reading Time: < 1 minute Turkey: Accor’s premium brand Mövenpick has opened its Living Istanbul Saklivadi property in the city’s shopping district of Vadistanbul.
Reading Time: 2 minutes UK: The shortlists for this year’s Serviced Apartment Awards have been revealed ahead of the awards ceremony on 23 May at Leonardo Royal Hotel London Tower Bridge.
Reading Time: < 1 minute Saudi Arabia: Luxury hospitality company Cheval Collection has signed an agreement with developer Ladun Investment Company for Cheval Ladun Living in Riyadh.
Reading Time: < 1 minute Estonia: Tech-powered hospitality operator Bob W has opened its fourth aparthotel in Tallinn, located in the city’s Arter Quarter.
Reading Time: < 1 minute UK: Developer Canary Wharf Group (CWG) has secured £553 million of financing, including an £80 million loan for two serviced apartment projects along West Lane.
Reading Time: < 1 minute Germany: Developer GBI Group has broke ground on its latest SMARTments connect project, located in Bielefeld.
Reading Time: < 1 minute Zakee Ahmed, CEO of flexible living platform Livinc, part of The Parklane Group, talks to IHM’s editor-in-chief George Sell about creating a seamless customer journey for relocation residents; why coliving is the next big thing for the company and the wider real estate sector; why he is optimistic about the development landscape, and much more.
Reading Time: < 1 minute Saudi Arabia: Luxury serviced apartment property Fairmont Ramla Serviced Residences has been awarded Green Globe certification, achieving a compliance score of 98 per cent.
Reading Time: < 1 minute Australia: Quest Apartment Hotels, a member of The Ascott Limited, has started construction on its Southport property, located on the Gold Coast of southeast Queensland.
Reading Time: 2 minutes UK: Robertson Properties Ltd has been granted consent from North East Lincolnshire Council to transform two derelict residential homes in Cleethorpes into aparthotels.
Reading Time: 2 minutes Thailand: Hotel and property developer Dusit International has signed an agreement with real estate company King Square Development Co., Ltd to manage the Dusit Suites Kingsquare and KingsQuare Residence in Bangkok.
Reading Time: < 1 minute New Zealand: Serviced apartment brand Quest has opened its fourth property in Christchurch, located on Kilmore Street opposite the city’s Town Hall.
Reading Time: < 1 minute France: Lifestyle aparthotel brand Locke is set to open its seventeenth property, Le Jardin de Verre, in Paris this winter.
Reading Time: < 1 minute UK: B-Corp real estate investor and developer Lamington Group will begin development on its room2 York site this summer with a scheduled launch in 2026.
Reading Time: 2 minutes Singapore: CapitaLand Ascott Trust (CLAS) has secured a S$165 million sustainability-linked loan from bank OCBC.
Fresh face in London aparthotels
Reading Time: < 1 minute SAN editor Eloise Hanson comments on the introduction of a new London aparthotel brand Jitaku, launching next year. Read on SAN.