Reading Time: < 1 minute Finland: Tech-driven hospitality provider Bob W has secured €21 million in series A funding, led by IDC Ventures, Elevator Ventures, Verve Ventures and Flashpoint.
Reading Time: < 1 minute Vietnam: M Village, a coliving start-up, has received funding of US$1.7 million led by Singaporean venture fund Simple Tech Investment.
Reading Time: 2 minutes Europe: New research from Savills shows that European serviced apartment supply is forecast to expand by 21.2 per cent over the next three years.
Reading Time: < 1 minute US: Host Hotels & Resorts has acquired a 49 per cent interest in Noble Investment Group for US$35 million.
Reading Time: 2 minutes UK: Legal & General Retirement Institutional (LGRI) has announced plans to invest £2.5 billion of retirement funds into BTR schemes over the next five years.
Reading Time: 2 minutes Germany: NUMA Group, a hospitality operator and technology developer, has raised $45 million growth capital in a new funding round led by DN Capital.
Reading Time: < 1 minute The collaboration of two of the biggest global investment firms – Blackstone and Starwood Capital – has given the already healthy extended stay sector a further shot in the arm.
Reading Time: 4 minutes Andrew Harrington from AHV Associates rounds up the hospitality transaction market and highlights the huge potential of the burgeoning green finance sector.
Reading Time: 2 minutes UK: M&G Real Estate has acquired two developments managed by Birchgrove Holdings, in the first phase of a £200 million
Reading Time: 2 minutes Ireland: Fortress Investment Group LLC has acquired a majority stake in Dublin-based serviced apartment and hotel company through an off-market
Reading Time: 2 minutes UK: Trade bodies the Association of Serviced Apartment Providers (ASAP), the Professional Association of Self-Caterers UK (PASC UK), and the Association of Scotland’s Self-Caterers (ASSC) will work together to address shared legislative and regulatory challenges.
Reading Time: 2 minutes Australia: The Government of Western Australia has purchased the former Fraser Suites Perth for $105 million to be repurposed into affordable social housing.Â
Reading Time: 2 minutes US: Francis Davidson, co-founder and former CEO of Sonder, has stepped down from the company this week with chairperson of the board Janice Sears holding an interim CEO title.
Reading Time: < 1 minute US: Hospitality technology provider RMS has appointed Chetan Arjun as its chief financial officer to support the company’s next phase of global expansion.
Reading Time: 2 minutes Denmark: Tech-powered aparthotel operator Bob W has signed a long-term lease for a 7,500 square metre property in Copenhagen’s Meatpacking District, one of the company’s largest deals to date.
Reading Time: < 1 minute US: Flexible hospitality operator Mint House has opened its first aparthotel in Washington DC, housed in a former office.
Reading Time: < 1 minute India: Developer Saya Group has partnered with Carnation Hotels Pvt Ltd, a subsidiary of Lemon Tree Hotels, to manage 336 fully-serviced suites at its mixed-use project Saya SouthX in Greater Noida West, Uttar Pradesh.
Reading Time: < 1 minute UK: Serviced apartment property Charles Hope Brentford has launched an Uber Kiosk in its lobby to provide guests with information on local and national transport.
Reading Time: < 1 minute US: Revenue management software company Duetto has named board member Alex Zoghlin as its CEO, succeeding David Woolenberg who has decided to step down.
Reading Time: < 1 minute UK: Real estate investment firm and asset manager DTZ Investors has acquired the Staycity Aparthotels Edinburgh property for £12 million.