Reading Time: 2 minutes US: The latest extended-stay report from The Highland Group reveals that the economy sector has witnessed a 13 per cent increase in supply in November 2023 compared to last year.
Reading Time: < 1 minute US: Hilton’s lower midscale, extended-stay brand Project H3 has been officially revealed as LivSmart Studios.
Reading Time: 2 minutes Singapore: The Ascott Limited (Ascott), a lodging business unit owned by CapitaLand Investment (CLI) and CapitaLand Wellness Fund (C-WELL), have jointly acquired a freehold property in Singapore to be relaunched under the lyf brand.
Reading Time: < 1 minute EMEA: Serviced apartment company Cheval Collection has appointed Taras Ettl to its development team.
Reading Time: < 1 minute APAC/EU: Operator Frasers Hospitality has partnered with fintech platform Adyen to power payments across the group’s portfolio in Singapore, Malaysia, Australia and Europe.
Reading Time: < 1 minute UK: Lifestyle aparthotel brand Native Places has promoted former managing director Olivia Immesi to CEO.
Reading Time: < 1 minute UK: Jake Seage, formerly head of sales and reservations at STAY, has joined corporate accommodation booking agent Situ as an account director of business travel.
Reading Time: < 1 minute US/UK: Lifestyle membership club Access AKA has launched by AKA Hotels+Hotel Residences, offering members savings on rates, dining, and exclusive experiences.
Reading Time: 3 minutes David Wright, sustainability officer at Mansley Serviced Apartments, provides an update on the company’s ESG progress.
Reading Time: < 1 minute US: Real estate investment trust (REIT) Apple Hospitality has acquired the 299-room SpringHill Suites by Marriott Las Vegas Convention Center for approximately $75 million.
Reading Time: < 1 minute UK: Vertus Edit, the first aparthotel project from Vertus, the BTR arm of Canary Wharf Group, is scheduled to open in February 2025.
Reading Time: 2 minutes Worldwide: The latest quarterly report from SilverDoor reveals that, due to increases in supply, corporate travel is expected to increase worldwide as managers negotiate rates and value.
Reading Time: < 1 minute US: The WaterWalk brand, which joined Wyndham’s extended stay portfolio earlier this year, has launched its management arm WaterWalk Hospitality.
Reading Time: < 1 minute US: Hyatt’s upper-midscale extended stay brand Hyatt Studios is expected to debut in 2025 with a property in Mobile, Alabama.
Reading Time: < 1 minute UK: Family-run Cornish hotel Carbis Bay Estate has expanded its collection of luxury serviced accommodation with the launch Treloyhan Residences.
Reading Time: < 1 minute UK: Bristol City Council has granted planning permission for a mixed-use aparthotel, hotel and BTR scheme in Temple Quarter.
Reading Time: 2 minutes Europe: The latest research from Savills examines the performance, pipeline, transactions and more of serviced apartments across Europe.
Reading Time: < 1 minute UK: Hotel property owner Pandox has completed the acquisition of three extended stay hotels comprising 503 rooms in central London for £230 million.
Reading Time: 2 minutes UK: Results from the 2024 Annual Travel Survey Report by Cheval Collection reveals that 72 per cent of travellers are planning at least three leisure trips over the next year.
Reading Time: < 1 minute Ireland: Plans have been lodged with Kerry County Council to convert the former Caball’s toyshop and Kerry Bookshop in Tralee into a 24-bed aparthotel.