Ascott to acquire Tokyo property for lyf brand amid strong first half figures
WORLDWIDE: CapitaLand Investment Ltd’s wholly owned lodging business unit, The Ascott Limited (Ascott) is acquiring a freehold asset in Tokyo, Japan.
WORLDWIDE: CapitaLand Investment Ltd’s wholly owned lodging business unit, The Ascott Limited (Ascott) is acquiring a freehold asset in Tokyo, Japan.
PHILIPPINES: Ascott will open ten properties in the Philippines next year across four extended stay brands.
US: Method Co. Roost aparthotel brand has opened its latest property in Tampa, Florida with coliving spaces.
AUSTRALIA: The Ascott Limited has acquired its first lyf coliving property in Sydney, Australia and has opened lyf in Melbourne.
SINGAPORE: Ascott targets 150 properties under its lyf coliving brand by 2030 and launches a lyf Innovation Lab
ASIA: Singapore-based coliving operator The Assembly Place boosts portfolio
UK: OakNorth Bank has provided Dandi Group, a London-based family office, with a £32.6 million loan facility to develop Dandi Battersea, a new coliving scheme in south London.
France: Aparthotel brand Adagio has opened its new Coliving by Adagio flat in Paris
Vietnam: M Village, a coliving start-up, has received funding of US$1.7 million led by Singaporean venture fund Simple Tech Investment.
Australia: Development company The Switch has opened its first project in Australia, a $70 million coliving concept in a 39-storey skyscraper in Perth’s CBD.
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.