Blueground raises $180m at $750m valuation

Reading Time: 2 minutes US / Greece: Short-term furnished apartment rental startup Blueground has raised $180 million in Series C funding, including $140 million in equity funding, from investors headed up by WestCap Group managing partner Laurence Tosi, giving the company a reported valuation of $750 million.

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JLL Short Stays launches to compete with major OTAs

Reading Time: 2 minutes UK: Real estate services firm JLL has announced the launch of JLL Short Stays, a booking platform offering business and leisure travellers professionally managed and fully flexible short-term rental accommodation in the UK, in a bid to compete with the major online travel agencies [OTAs] in the segment.

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Sandpiper adds Texas properties

Reading Time: < 1 minute US: Sandpiper Hospitality has been selected to manage four properties currently under development in Texas that will join the Wyndham Hotels & Resorts portfolio.

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Lancaster aparthotel
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.

AltoVita targets Middle East expansion with key appointment

Reading Time: < 1 minute Middle East: Corporate accommodation platform AltoVita has appointed Nada Zrikem as director of client partnerships for the Middle East.

Synergy Ascott Star Rewards
Synergy joins Ascott Star Rewards loyalty program

Reading Time: < 1 minute Worldwide: Serviced accommodation provider Synergy Global Housing has joined Ascott Star Rewards (ASR), the global loyalty program of The Ascott Limited.

Serviced apartments Europe
Serviced apartments in Europe see strong leisure demand

Reading Time: 2 minutes Europe: An HVS survey of the serviced apartment market in Europe reveals profitability has returned to pre-pandemic levels, driving by strong leisure demand.

Bradford aparthotel
Plans submitted for 104-bed aparthotel in Bradford

Reading Time: < 1 minute UK: Cambridge Road Real Estates Ltd has submitted plans to Bradford Council to construct a 104-bed aparthotel on the site of a former warehouse on Sunbridge Road.

SpringHill Suites Jackson Hole
SpringHill Suites Jackson Hole completes renovation

Reading Time: < 1 minute US: The 121-room SpringHill Suites Jackson Hole has completed a property-wide renovation led by design firm EDGEiD. 

US corporate travel
US corporate travel grows but costs and climate concerns loom

Reading Time: 2 minutes US: A Deloitte study on 2024 corporate travel reveals that amid steady growth, companies are challenged to balance face-to-face meetings with steep pricing and sustainability considerations.

Lonsdale House Hotel
Lonsdale House Hotel set for aparthotel conversion

Reading Time: < 1 minute UK: Westmorland and Furness Council has approved plans for property development and investment business Cameron Investment Group to convert Lonsdale House Hotel in Ulverston into an aparthotel.

InnVentures Embassy Suites
InnVentures signs two Embassy Suites in Oregon and Washington

Reading Time: < 1 minute US: InnVentures, the management division of premium select-service and extended stay hotels under Highgate, has signed two Embassy Suites hotels in Oregon and Washington.

Bob W
Bob W forms £400m JV with OCIM

Reading Time: 3 minutes UK: A new joint venture between tech-powered hospitality operator Bob W and Osborne+Co Investment Management [OCIM], the in-house investment management arm of build-to-suit developer Osborne+Co, has …