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CapitaLand Ascott Trust OCBC

CapitaLand Ascott Trust secures S$165 million OCBC 1.5°C loan

Eloise Hanson 7 August 2024

Reading Time: 2 minutesSingapore: CapitaLand Ascott Trust (CLAS) has secured a S$165 million sustainability-linked loan from bank OCBC.

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UK

Countries issue UK travel warnings as unrest increases

Paul Stevens 7 August 2024

Reading Time: 3 minutesUK: Seven countries have issued warnings over travel to the UK in the wake of ongoing violent anti-immigration protests and riots. So far, India, Australia,

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Q Apartments Hampstead

Q Apartments signs Hampstead apartment block

Eloise Hanson 6 August 2024

Reading Time: < 1 minuteUK: Hospitality investment group QIG and its operating arm Q Apartments has signed the apartment block Wells Court in Hampstead, London.

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Jitaku

The Residence to launch aparthotel brand Jitaku in 2025

Eloise Hanson 5 August 2024

Reading Time: 2 minutesUK: Serviced apartment operator The Residence Apartments is launching an aparthotel brand Jitaku in central London next summer.

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Marriott Executive Apartments Penang

Marriott Executive Apartments adds Penang property to portfolio

George Sell 2 August 2024

Reading Time: 2 minutesMalaysia: Marriott has added Marriott Executive Apartments to its Malaysia portfolio.

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interest

Bank of England cuts interest rates – hospitality reacts

Paul Stevens 1 August 2024

Reading Time: 3 minutesUK: The Bank of England has announced that it will cut interest rates from a 16-year high of 5.25 per cent to five per cent,

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YourSpace extended stay

Midscale extended stay brand YourSpace breaks ground on first property

George Sell 1 August 2024

Reading Time: < 1 minuteNew midscale extended stay brand YourSpace has broken ground on its inaugural hotel in Chesapeake, Virginia.

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Conwy aparthotel

Conwy Civic Hall set for aparthotel conversion

George Sell 31 July 2024

Reading Time: 2 minutesDeveloper Nautical Point Limited has applied for permission to redevelop the former Conway Civic Hall and library building into an aparthotel, food hall and performance space.

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Worthing aparthotel

Plans submitted for Sussex aparthotel

George Sell 29 July 2024

Reading Time: < 1 minuteUK: Plans for a 33-unit aparthotel in Worthing have been submitted to Adur and Worthing Councils.

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Jakarta serviced apartments

Jakarta to get 700+ new serviced apartments by end of 2025

George Sell 29 July 2024

Reading Time: < 1 minuteIndonesia: New research from Colliers predicts that four upcoming projects will take Jakarta’s serviced apartment inventory to 7,793 by the end of 2025.

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