London leads the way for European serviced apartment growth
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.
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.
US: Host Hotels & Resorts has acquired a 49 per cent interest in Noble Investment Group for US$35 million.
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.
Germany: NUMA Group, a hospitality operator and technology developer, has raised $45 million growth capital in a new funding round led by DN Capital.
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.
Andrew Harrington from AHV Associates rounds up the hospitality transaction market and highlights the huge potential of the burgeoning green finance sector.
UK: M&G Real Estate has acquired two developments managed by Birchgrove Holdings, in the first phase of a £200 million
Ireland: Fortress Investment Group LLC has acquired a majority stake in Dublin-based serviced apartment and hotel company through an off-market
Switzerland: Property management specialist Naef Immobilier has acquired a stake in Geneva-based serviced apartment operator Homenhancement. Homenhancement will remain an
UK: Q International Group (QIG) has secured “a significant equity investment” by Glade Capital to facilitate its future expansion. Glade
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.