Casai

Casai ceases operations in Mexico and Brazil

Reading Time: 4 minutes LatAm: Proptech startup Casai has ceased operations in Brazil and its native Mexico after its founders announced the sale of their operations and portfolio in both countries to other operators based in Latin America.

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Recharge
Reliving Recharge 2024: Belfast event recap

Reading Time: 4 minutes Northern Ireland: IHM [International Hospitality Media] took its annual Recharge event to Belfast in Northern Ireland for its sixth edition, this time hosted at ‘hometel’ room2 Belfast. …

Cheval Maison Glasgow
Cheval secures planning for Glasgow Maison property

Reading Time: < 1 minute UK: Planning permission has been granted by Glasgow City Council for Cheval Maison – West Regent, scheduled to open in 2026.

JMK Belfast
JMK secures £28 million loan for dual-branded project in Belfast

Reading Time: 2 minutes Northern Ireland: The Northern Ireland Investment Fund (NIIF) has provided a £28 million loan to JMK to fund the development of a dual-branded Aloft and Residence Inn by Marriott in Belfast’s Titanic Quarter.

Kutlucan Adina
Kutlucan joins Adina as CEO for Europe

Reading Time: 2 minutes EU: Asli Kutlucan, former chief development officer at Cycas Hospitality, has joined Adina Hotels as CEO Europe.

InnVest Hotels
InnVest Hotels acquires four extended stay hotels in Canada

Reading Time: < 1 minute Canada: InnVest Hotels, an asset management and construction company, has acquired a portfolio of 10 hotels in Ontario and Halifax, four of which are extended stay. 

London serviced apartment
Two central London serviced apartment schemes for sale

Reading Time: < 1 minute UK: Real estate agent Savills has been appointed to sell two central London C1 serviced apartment schemes located in The City of London and Farringdon for guide prices of £17 million and £11 million respectively.

StudioRes
Concord Hospitality breaks ground on debut StudioRes property

Reading Time: 2 minutes US: Construction of the first StudioRes property, a midscale extended stay brand under Marriott, has begun in Fort Myers, Florida, led by Concord Hospitality. 

Moving Doors funding
Moving Doors secures €1.1 million seed funding

Reading Time: 2 minutes Cyprus: PropTech startup and serviced apartment provider Moving Doors has secured €1.163 million in seed funding to support its expansion into Dubai. 

Urban Rest Europe
Urban Rest opens two properties in Europe

Reading Time: < 1 minute UK/Ireland: Flexible accommodation operator Urban Rest has opened two properties in Dublin and London.

Ascott Oakwood
Ascott expands Oakwood by 20 per cent

Reading Time: 2 minutes Singapore: The Ascott Limited, a lodging business owned by CapitaLand, has grown the Oakwood portfolio by 20 per cent, expanding to 48 cities with a total of nearly 18,000 units.