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Denver Residence Inn changes hands

George Sell 10 January 2019

Reading Time: < 1 minuteUS: Orlando-based Xenia Hotels & Resorts Inc. has sold the Residence Inn by Marriott Denver City Center for $92 million.

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A third of European travel buyers have bigger budgets for 2019

George Sell 10 January 2019

Reading Time: 2 minutesUK: One third of buyers will have bigger corporate travel budgets in 2019, according to research by the Business Travel Show.

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Work starts on Ohio TownePlace Suites

George Sell 10 January 2019

Reading Time: < 1 minuteUS: Construction has begun on a TownePlace Suites by Marriott extended stay hotel in Fairfield, Ohio.

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Avignon Capital buys Staybridge Suites The Hague-Parliament

George Sell 10 January 2019

Reading Time: 2 minutesNetherlands: Avignon Capital, a European property investment and asset management firm, has acquired Staybridge Suites The Hague-Parliament for €16.2 million.

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Cycas enters German market with Element Frankfurt Airport deal

George Sell 9 January 2019

Reading Time: 2 minutesGermany: Cycas Hospitality has signed its inaugural property in Germany, adding a new extended stay brand to its roster.

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Ascott REIT sells Ascott Raffles Place Singapore

George Sell 9 January 2019

Reading Time: 2 minutesSingapore: Ascott Residence Trust has entered into an agreement to sell Ascott Raffles Place Singapore for S$353.3 million to an unrelated third party.

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Property entrepreneur takes five per cent stake in Staycity

George Sell 8 January 2019

Reading Time: 2 minutesIreland: Property entrepreneur Stephen Vernon’s John Pollard Foundation has acquired a five per cent shareholding in Dublin-based operator Staycity.

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Prague developer to launch fractional ownership apartment business

George Sell 7 January 2019

Reading Time: 2 minutesThe company plans to raise funds through an DSO Digital Security Offering. The funds will be used to build a global “business class” apartment rental

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Quest to open first UK property in the summer

George Sell 5 January 2019

Reading Time: < 1 minuteUK: Quest Apartment Hotels will open its first UK property in Liverpool, July or August 2019.

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AKA to donate furnishings to Habitat for Humanity

George Sell 5 January 2019

Reading Time: 2 minutesUS: AKA Rittenhouse Square will be donating furnishings to Habitat for Humanity Philadelphia’s ReStore as it undergoes a refurbishment.

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