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DACH serviced apartments report stronger ADRs than hotels
Reading Time: 1 minute DACH: According to property management platform Apaleo, serviced apartment operators in the DACH region witnessed a four per cent improvement on ADRs in Q3 2023.
Reading Time: 1 minute DACH: According to property management platform Apaleo, serviced apartment operators in the DACH region witnessed a four per cent improvement on ADRs in Q3 2023.
Reading Time: 2 minutes UK: The latest Savills/ASAP sentiment survey has revealed that 80 per cent of respondents expect occupancy to recover fully by end of 2022, pointing to a recovery in the next eight months.
Reading Time: < 1 minute Northern Ireland: Commercial property agency CBRE NI is marketing the low-carbon aparthotel room2 Belfast at a guide price of £21.2 million.
Reading Time: < 1 minute Worldwide: Extended stay booking platform myroom24 has partnered with hotel franchising company Wyndham to automate reservations for a minimum of four weeks.Â
Reading Time: < 1 minute Singapore: Rental accommodation owner, developer and operator Weave Living has launched two properties in Singapore, located in the East Coast and Mount Sophia areas.
Reading Time: 2 minutes US: Developers Related Group and BH Group have partnered with luxury hotel brand Viceroy Hotels & Resorts to launch 274 serviced residences in Aventura, Miami in Florida.Â
Reading Time: < 1 minute Hong Kong: Operator Regal Hotels has introduced an extended stay programme for Hospital Authority (HA) staff across seven of its properties.Â
Reading Time: < 1 minute Ireland: Dublin-based aparthotel operator Staycity Group has secured a £77 million loan from digital bank OakNorth to triple its portfolio over the next five years.Â
Reading Time: 2 minutes UAE: Serviced apartment group Cheval Collection will open its second property in Dubai next month in March.Â
Reading Time: 2 minutes US: Flexible-use hospitality and multifamily operator Placemakr has partnered with developer SummerHill Apartment Communities to offer 109 units in Silicon Valley.
Reading Time: < 1 minute Germany: Digital hospitality platform NUMA Group has appointed Philipp Morawietz as the company’s director of corporate development.
Reading Time: < 1 minute US: Flexible living operator Mint House has acquired residential hospitality company Locale.