OYO rumoured to be edging towards $1.2bn IPO

Reading Time: 2 minutes India: SoftBank-backed hospitality chain OYO is rumoured to be edging towards an initial public offering [IPO] after hiring JP Morgan, Kotak Mahindra Capital and Citi for an initial $1.2 billion share sale.

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Chatham adds to board of trustees

Reading Time: 2 minutes US: Chatham Lodging Trust (CLT), a lodging real estate investment trust (REIT) in the extended stay space, has appointed Ethel Isaacs Williams and David J. Grissen to the company’s board of trustees.

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Sonder reports record revenue for Q2

Reading Time: 3 minutes US: Next-generation hospitality company Sonder has announced the strongest quarterly revenue in its history in financial results for the three months ending at 30 June 2021.

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Residence Inn Switzerland
SV Hotel opens first Residence Inn in Switzerland

Reading Time: < 1 minute Switzerland: SV Hotel, part of management company SV Group, has opened the debut Residence Inn extended stay hotel in Switzerland, located in Geneva.

ONYX Shama
ONYX launches Shama marketing campaign and activity program

Reading Time: 2 minutes Thailand: Hotel management company ONYX Hospitality Group has introduced a new video and marketing campaign, alongside on-property experiences, for its serviced apartment brand Shama.

Extended Stay America
Extended Stay America launches voter registration campaign

Reading Time: < 1 minute US: Extended Stay America has launched its STAY Counted program to encourage voter participation in the upcoming presidential election.

BizAway
BizAway secures €35 million investment from Mayfair

Reading Time: 2 minutes Italy: Tech-enabled travel management company BizAway has secured €35 million from investor Mayfair Equity Partners.

Ariva Las Vegas
Las Vegas Raiders names Ariva as official luxury apartment partner

Reading Time: < 1 minute US: The 30-acre upscale development Ariva Luxury Residences has been named as the official luxury apartments of American football team Las Vegas Raiders.

My Place prototype
My Place Hotels of America reveals latest prototype

Reading Time: < 1 minute US: Upper-midscale extended stay brand My Place Hotels of America has developed a new 71-unit prototype and introduced a series of product upgrades.

Líbere Hospitality Group
Líbere Hospitality Group acquires two properties in Europe

Reading Time: < 1 minute Greece/Portugal: Operator Líbere Hospitality Group (LHG) has signed two properties, including its debut in Greece along with expansion in Portugal.

Rocco Forte Milan
Rocco Forte opens apartment building in Milan

Reading Time: < 1 minute Italy: Luxury hospitality group Rocco Forte Hotels has opened Rocco Forte House Milan, comprising 11 apartments housed in a 19th century palazzo.

1 LiVNG
Alliants and Hospiria partner for 1 LiVNG flex rental platform

Reading Time: 2 minutes UK: Customer experience technology platform Alliants and property management software-as-a-service [SaaS] solution [PMS] Hospiria have partnered to launch a “groundbreaking” flexible rental platform called 1 LiVNG, which is focused on transforming the residential real estate market.

Synergy EcoVadis
Synergy achieves silver EcoVadis rating

Reading Time: < 1 minute Worldwide: Serviced accommodation provider Synergy Global Housing has achieved a silver EcoVadis rating for its ESG initiatives.