Reading Time: 2 minutesSwitzerland: Grace Hotels has bought the La Margna hotel in St. Moritz, and will renovate the building after the 2013/2014 ski season, adding serviced apartments.

Reading Time: 2 minutesUK: Edinburgh’s Old Town Chambers, a serviced apartment development off the Royal Mile has been awarded a five-star Self Catering AA rating within three months of opening.

Reading Time: < 1 minuteAustralia: Work has begun on Quest Apartments’ 97-unit site at Melbourne Airport.

Reading Time: < 1 minuteUS: Extended stay hotel brand Extended Stay America has announced plans to sell 28.3 million of its common shares at $18 to $21 per share in an initial public offering.

Reading Time: 1 minuteSingapore: Ascott Residence Trust (ART), a REIT which invests mainly in serviced apartments, has recorded an 11 per cent rise in revenue for Q3 2013.

Reading Time: < 1 minuteJapan: Oakwood Worldwide has promoted Martin Fluck to director of operations for North Asia.

Reading Time: < 1 minuteThe £3.5 million conversion of the 41,500 square foot Abacus Building in Minshull Street was undertaken by Barnfield Construction on behalf of Macclesfield-based landlord, Magnus,

Reading Time: 2 minutesUS: Best Western International has revised its plan to enter the extended-stay hotel market, revealing a new concept for the sector.

Reading Time: < 1 minuteThe sale price was £98 million, and comes soon after Felda took over ownership of Grand Borneo Hotel in Kota Kinabalu, bringing the number of

Reading Time: < 1 minuteUK: Serviced apartment operator Marlin Apartments has been given the go ahead to build a 218-room “apart-hotel” on Westminster Bridge Road.