Five trends to shape the extended stay sector in 2024
Editors George Sell and Eloise Hanson share five trends they think will resonate throughout the sector in 2024.
Editors George Sell and Eloise Hanson share five trends they think will resonate throughout the sector in 2024.
US: Flexible hospitality and multifamily operator Placemakr will launch its first aparthotel The Maverick in San Antonio, Texas, early next year.
US: Furnished rental operator Blueground has announced the acquisition of monthly furnished housing provider Nestpick, its third purchase in the last 12 months.
US: Placemakr, a flexible-use multifamily and hospitality operator, has raised $65 million in new funding and appointed Timothy G. Franzen, the former president of Graduate Hotels, to its C-suite.
US: Stonebridge Companies has appointed Tom Brinkman to oversee operations as Stonebridge continues its strategic growth.
US: Placemakr, a tech-enabled hospitality platform and operator, has announced the launch of a pop-up aparthotel in Alexandria.
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.