Zeus

Zeus Living set to cease operations

Reading Time: < 1 minute US: Mid-term housing rental and property management startup, Zeus Living, has reportedly told landlords this week that it is “winding down operations”, according to The Information. 

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HotelREZ team
HotelREZ grows senior team with three appointments

Reading Time: < 1 minute UK: Representation company HotelREZ has welcomed the return of Sharon Rubin in a new role as VP product development, as well as appointed two senior bizdev team members.

VAT serviced apartment
Should VAT be charged on serviced apartment rents?

Reading Time: 5 minutes Recent VAT tribunal decisions have led to uncertainty as to how serviced apartment operators should treat their income. Crowe’s Adam Cutler provides background to the issue and what operators should do to protect their position while litigation is ongoing.

Ascott campaign
Ascott celebrates record year, launches campaign to spur growth

Reading Time: 2 minutes Worldwide: The Ascott Limited has achieved a record year of property openings and fee earnings (S$331 million), and has kickstarted 2024 with the launch of ‘Ascott Unlimited’ to support future growth.

Adagio coliving
Adagio outlines 2024 plans including UK launch of coliving concept

Reading Time: 2 minutes EU: Aparthotel brand Adagio has outlined its 2024 openings including the launch of its coliving concept in the UK. 

NUMA
NUMA Group expands into Denmark

Reading Time: 2 minutes Denmark: Digital hospitality platform NUMA Group has announced its expansion into Denmark through a partnership with global real estate investment manager Invesco Real Estate. As a result, …

Report shows geopolitical impact on global ADRs

Reading Time: 2 minutes Worldwide: Serviced apartment agent SilverDoor has released its first market quarterly update report for 2024 which highlights the impact of geopolitical change on global ADRs.

Urban Chic
Urban Chic launches two sites in central London

Reading Time: < 1 minute UK: Luxury serviced apartment provider Urban Chic has strengthened its presence in London with the launch of two buildings in Covent Garden.

Expedia
Expedia Group to reduce team headcount by nine per cent

Reading Time: 2 minutes US: Online travel agency Expedia Group is to cut around 1,500 jobs, accounting for nine per cent of the company’s overall headcount, as part of a restructuring …

Urban Creation office
Urban Creation acquires Bristol office

Reading Time: < 1 minute UK: Serviced apartment and student housing provider Urban Creation has acquired 62 Park Street, an office in Bristol, which the company will operate as an office and apartments. 

England
Government announces short-term let controls in England

Reading Time: 6 minutes UK: The UK Government has announced reforms to planning laws that will empower councils in England to make short-term lets in their area subject to …