Hamister buys Pennsylvania extended stay hotel
US: Hamister Group has acquired the Homewood Suites by Hilton Newtown-Langhorne, from Pheasant Run Hotel for an undisclosed sum.
US: Hamister Group has acquired the Homewood Suites by Hilton Newtown-Langhorne, from Pheasant Run Hotel for an undisclosed sum.
Portugal: Amsterdam based hotel group City ID will transform the palace Baronesa, located in Largo Conde-Barao in Lisbon, into an 88-room aparthotel.
Finland / Germany: Tech-powered short-stay operator Bob W has entered the German market with the acquisition of apartment rental agency Charly Hospitality.
Singapore: Real estate company LHN Group has bought the GSM Building for $80 million to expand its serviced residences offering.
US / LatAm: Furnished apartment rental company Blueground has entered into an agreement to acquire Brazilian proptech startup Tabas, marking the first acquisition in its near ten-year history.
Singapore: Ascott Residence Trust (ART) plans to acquire nine assets from its sponsor, The Ascott Limited, at an estimated cost of S$318.3 million (£191 million).
Singapore: Ascott, the largest operator of serviced apartments globally, will add around 15,000 units to its global inventory with the acquisition of Oakwood Worldwide from Mapletree Investments Pte Ltd.
US: Choice Hotels International has entered into a definitive agreement to acquire the franchise business, operations and intellectual property of Radisson Hotel Group Americas for approximately $675 million.
Singapore: The Ascott has acquired two properties in Ningbo, China and Amsterdam, the Netherlands for approximately $190 million.
US: A division of Blackstone is set to acquire multifamily housing owner/operator Preferred Apartment Communities Inc for $5.8 billion.
US: The 2024 First Quarter US Extended-Stay Hotels Report, published by The Highland Group, reveals a decline in RevPAR for the first time in three years.
Sean Wewer, Homelike’s country manager – DACH and Italy, shares some insights on the rise of coliving and what this means for serviced apartment providers.
Australia / New Zealand: Urban Rest, a provider of flexible alternative accommodations serving the corporate market, has announced its acquisition of New Zealand counterpart The Urban Butler, effective from …
US: The 410-room dual-branded Courtyard New Orleans and SpringHill Suites New Orleans Warehouse Arts District has been sold for $73 million.
Germany: Digital hospitality platform NUMA Group has established its brand advisory board, aimed at “accelerating growth” for the company.
Turkey: Accor’s premium brand Mövenpick has opened its Living Istanbul Saklivadi property in the city’s shopping district of Vadistanbul.
UK: The shortlists for this year’s Serviced Apartment Awards have been revealed ahead of the awards ceremony on 23 May at Leonardo Royal Hotel London Tower Bridge.
Saudi Arabia: Luxury hospitality company Cheval Collection has signed an agreement with developer Ladun Investment Company for Cheval Ladun Living in Riyadh.
Estonia: Tech-powered hospitality operator Bob W has opened its fourth aparthotel in Tallinn, located in the city’s Arter Quarter.
UK: Developer Canary Wharf Group (CWG) has secured £553 million of financing, including an £80 million loan for two serviced apartment projects along West Lane.