Reading Time: 2 minutes UK: new chancellor Jeremy Hunt has announced that the majority of measures in his predecessor Kwasi Kwarteng’s mini-budget will be scrapped.
Reading Time: 5 minutes UK: Chancellor Kwasi Kwarteng has announced a series of tax cuts in a mini-budget aimed to boost economic growth.
Reading Time: < 1 minute Australia: Serviced apartment property The Sebel West Perth Aire Apartments, located in Perth, has been sold to Capital Bay Investment Pty Limited for $18.88 million.
Reading Time: 2 minutes Portugal: For the summer holiday season, aparthotel brand Locke and retailer Anthropologie have collaborated to create a pop-up “shoppable” suite at Locke de Santa Joana in Lisbon, Portugal.
Reading Time: < 1 minute China: Serviced apartment and hotel residence provider Frasers Hospitality has opened two Modena properties in Shenzhen and Shanghai.
Reading Time: < 1 minute US: Sojourn LLC, the woman-owned flexible rental company, has acquired Salt Coast Hosts, a family-owned vacation rental company in Outer Banks, North Carolina.
Reading Time: 2 minutes Europe: Tech-enabled serviced apartment operator limehome has signed four hotel conversion projects in Italy, Spain and Germany, which will add around 200 units over the next year.
Reading Time: 2 minutes US: Developer J Street is set to convert the 25-storey Tower 180 office building in Downtown San Diego into a dual-branded Hyatt Place and Hyatt House hotel.
Reading Time: < 1 minute US: Marriott International, along with development partners Concord Hospitality and Whitman Peterson, have opened the first StudioRes extended stay hotel in Fort Myers, Florida.
Reading Time: < 1 minute Spain and Portugal: Aparthotel operator Edgar Suites has appointed Casilda Mulliez as director of real estate development for Spain and Portugal, as the company looks to accelerate growth across the Iberian Peninsula.
Reading Time: < 1 minute UK: Serviced accommodation provider Supercity Aparthotels is set to open three properties in Edinburgh, Leeds and York between May and July 2025, expanding its UK portfolio to nine locations.
Reading Time: < 1 minute US: Alternative asset manager Noble Investment Group has acquired 16 WoodSpring Suites through two portfolio transactions.