Supplier News
Sonder sues landlord for early lease termination
Reading Time: 2 minutes US: Sonder has filed a lawsuit against developer Brian Spiers to exit its lease at a San Francisco property.
Industry News
Sonder raises $170 million in Series E round
Reading Time: 2 minutes US: Apartment rental company Sonder has raised US$170 million in a Series E round, which was led by Fidelity Funds, Westcap and Inovia Capital.
Industry News
Sonder cuts workforce by one third
Reading Time: 2 minutes US: San Francisco-based hospitality startup Sonder has announced it has laid off 22 per cent of its workforce and furloughed an additional 11 per cent of its staff as the reality of the coronavirus impact on the travel industry bites hard.
Industry News
Frits van Paasschen joins Sonder board
Reading Time: 2 minutes US: Sonder has announced Frits van Paasschen, former CEO and president of Starwood Hotels & Resorts, is joining its board of directors.
Industry News
Sonder raises $85 million in Series C funding round
Reading Time: < 1 minute US: Boutique apartment rental startup Sonder has closed an $85 million Series C round of funding.
Industry News
AENDRE grows team and advisory board
Reading Time: 2 minutes UK: Real estate platform AENDRE Group, which will develop lifestyle aparthotel brands, has expanded its team and appointed members to its advisory board.
Industry News
limehome appoints director of expansion for UK
Reading Time: < 1 minute UK: Tech-enabled operator limehome has appointed Will Kingston as the company’s director of expansion for the United Kingdom.
Industry News
Former Lancaster dental practice could become aparthotel
Reading Time: < 1 minute UK: Eco Property Development Global has submitted plans to Lancaster City Council to convert a former dentist’s practice into a 13-unit aparthotel.
News
Blueground secures $45m in Series D funding round
Reading Time: 2 minutes US: Furnished flexible rental operator Blueground has announced that it has raised $45 million in a Series D funding round to continue its expansion strategy. The funding round was led by private growth equity firm Susquehanna Private Equity Investments, with participation from other backers, including WestCap, whose managing partner, Laurence Tosi, is
Features
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.