Reading Time: 2 minutes 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).
Reading Time: < 1 minute 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.
Reading Time: 2 minutes 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.
Reading Time: 2 minutes Singapore: The Ascott has acquired two properties in Ningbo, China and Amsterdam, the Netherlands for approximately $190 million.
Reading Time: < 1 minute US: A division of Blackstone is set to acquire multifamily housing owner/operator Preferred Apartment Communities Inc for $5.8 billion.
Reading Time: < 1 minute Switzerland: edyn has acquired the Hotel Ascot in Zurich, which it will convert to its Locke lifestyle aparthotel brand.
Reading Time: < 1 minute US: WeWork has acquired Dallas-based coworking startup Common Desk for an undisclosed sum. The coworking startup has 23 locations in
Reading Time: < 1 minute US: Blackstone and Starwood Capital Group are partnering to acquire 111 WoodSpring Suites-branded hotels from Brookfield Asset Management.
Reading Time: < 1 minute Switzerland: VISIONAPARTMENTS has acquired a building in the heart of Zug, which it will convert in to 80 furnished apartments.
Reading Time: < 1 minute UK: MAS PLC has sold the 146 room Adagio Aparthotel Edinburgh to Pandox for approximately £40.5 million.
Reading Time: < 1 minute Australia: Hyatt will launch its first House-branded extended stay hotel in Australia with a location in South Melbourne, set to open for arrivals on 1 July 2025.
Reading Time: < 1 minute UK: A collection of serviced apartments called Station Suites is set to open in central Middlesbrough this June under operation of RBH Hospitality Management.
Reading Time: 2 minutes UK: Real estate and investment company Lamington Group has signed a 250-year lease for Shire Hall in Cambridge.
Reading Time: < 1 minute Canada: Marriott has opened a dual-branded TownePlace Suites and Fairfield Inn hotel, located in Chilliwack.Â
Reading Time: < 1 minute Greece: Andronis Luxury Suites in Santorini has joined the Legend Collection under Preferred Hotels & Resorts.Â
Reading Time: < 1 minute Greece: DKG Development has signed a long-term lease agreement with operator LÃbere Hospitality Group (LHG) for the “B48 Athens Dafni” property.
Reading Time: 2 minutes UK: Global corporate accommodation platform AltoVita has revealed the agenda for its fifth annual Smart, Safe, Sustainable Summit in London.
Reading Time: < 1 minute UK:Â Hospitality company The Ascott Limited is introducing its Citadines brand outside of London with its first property in Liverpool.Â
Reading Time: 2 minutes UK: Monument Real Estate (Monument) has received approval to convert an office block into short-stay apartments in the Bigg Market area of Newcastle, United Kingdom.
Reading Time: 2 minutes US: A survey by operator Extended Stay America and conducted by Wakefield Research found that extended stay hotels perform better than vacation rentals or apartments in terms of comfort, value and homeyness.Â