Citadines Mount Sophia Singapore sold to JV
Singapore: CapitaLand Ascott Trust (CLAS) has sold the Citadines Mount Sophia Singapore to Hong Kong-based owner-operator Weave Living and US-based asset manager BlackRock.
Singapore: CapitaLand Ascott Trust (CLAS) has sold the Citadines Mount Sophia Singapore to Hong Kong-based owner-operator Weave Living and US-based asset manager BlackRock.
Singapore: National development minister Desmond Lee has revealed that the country will pilot a new class of serviced apartments with a three-month minimum stay to meet rental demand.
Singapore: Serviced apartment operator Frasers Hospitality has expanded its portfolio of historic properties to six with the opening of Fraser Residence River Promenade, Singapore.
Worldwide: Lodging business The Ascott Limited has revealed three upcoming launches under its Crest Collection brand following three debut openings in Asia.
Singapore: Serviced apartment and hotel operator The Ascott Limited has signed a memorandum of understand with the Global Sustainable Tourism Council to provide international accreditation for hospitality leaders in Singapore.
Worldwide: The Ascott Limited says that it is on track to reach 160,000 keys by the end of this year. Read more on SAN.
Worldwide: SilverDoor’s latest market update says that corporate housing rates are up 15 per cent in EMEA and 27 per cent in APAC.
Singapore: Real estate company LHN Group has bought the GSM Building for $80 million to expand its serviced residences offering.
India: Synergy Global Housing has announced the growth of its operational presence in India through reservations and guest services teams in its Bangalore office.
UK: The Ascott Limited (Ascott) The Crest Collection is said to expand in Singapore, France, China, and Vietnam.
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.
Germany: Developer GBI Group has broke ground on its latest SMARTments connect project, located in Bielefeld.
UK: Serviced apartment operator Mansley has achieved Green Tourism Gold accreditation across its portfolio.
EU: Technology-based apartment operator limehome has signed 800 units in Q1 2024, growing its portfolio by almost 14 per cent to 6,800 apartments.