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.
Reading Time: < 1 minute SAN editor Eloise Hanson comments on Adagio’s plan to increase its proportion of franchised properties to 35 per cent by 2030.
Reading Time: < 1 minute Europe: Aparthotel brand Adagio has increased its franchised network from five aparthotels in 2018 to 28 today, representing around 20 per cent of its total portfolio.
Reading Time: < 1 minute Turkey: Accor’s premium brand Mövenpick has opened its Living Istanbul Saklivadi property in the city’s shopping district of Vadistanbul.
Reading Time: < 1 minute France: European aparthotel brand Adagio has become the official partner of indoor venue Paris La Défense Arena, effective until June 2026.
Reading Time: 2 minutes France: Hospitality group Accor has provided an update on its extended stay portfolio, which encompasses more than 380 properties and 45,000 keys.
Reading Time: < 1 minute Lifestyle extended stay brands will grow in popularity and help to cement serviced apartments and aparthotels within mainstream hospitality.
Reading Time: < 1 minute Georgia: Accor has announced plans for the first property in Georgia under its Novotel Living extended stay brand.
Reading Time: 2 minutes KSA: Accor and Erth Real Estate Company will open three new hotels in Riyadh as part of a new master planned development project.
Reading Time: 2 minutes EMEA: Accor has appointed Paul Stevens as COO for the Middle East, Turkey and Africa, taking responsibility for the group’s premium, midscale and economy division in the region.
Reading Time: 2 minutes Germany: Dublin-based aparthotel operator Staycity Group has acquired a majority stake in the Felix Group, owned by Munich-based real estate developer Denkmalneu Group (DMN).
Reading Time: 2 minutes Germany: API-first open property management platform Apaleo has announced that it has raised €20 million in a growth equity investment [Series B funding] round.
Reading Time: < 1 minute UK: Flexible living operator Urban Rest has opened the first phase of its Hackney serviced apartment property in East London.
Reading Time: 2 minutes Europe: Tech-enabled serviced apartment operator limehome is planning to convert 3,000 apartments from office and retail space over the next two years.
Reading Time: < 1 minute UK: The Association of Serviced Apartment Providers (ASAP), a trade body for the serviced apartment sector, will host its annual conference on Thursday 28 November 2024 in London.
Reading Time: < 1 minute US: Extended stay hotel brand LivAway Suites has opened its second property in the United States, located in the Tri-Cities area of Washington.
Reading Time: < 1 minute US: Investment firm AWH Partners has acquired the dual-branded Residence Inn and Fairfield Inn & Suites, located in Broomfield, Colorado.
Reading Time: < 1 minute Sweden: Corporate housing provider Forenom has appointed Erik Johnson as the group’s country director for Sweden, effective from the start of 2025.
Reading Time: < 1 minute Worldwide: Serviced apartment provider SilverDoor has promoted Alex Neale from SVP partner relationships to chief supply officer, effective immediately.
Reading Time: < 1 minute Europe: Montpellier-based aparthotel operator Appart’City has partnered with revenue management company IDeaS to support its portfolio of 90 properties.