Reading Time: 5 minutes Recent VAT tribunal decisions have led to uncertainty as to how serviced apartment operators should treat their income. Crowe’s Adam Cutler provides background to the issue and what operators should do to protect their position while litigation is ongoing.
Reading Time: < 1 minute US: Extended stay brand LivAway Suites has opened its third property in the United States, located in Smyrna, Tennessee.
Reading Time: < 1 minute UK: Lifestyle aparthotel brand The July will open its first international property in London Victoria, scheduled to launch in July 2025.
Reading Time: 2 minutes Germany: Dublin-based aparthotel operator Staycity Group has acquired a majority stake in the Felix Group, owned by Munich-based real estate developer Denkmalneu Group (DMN).
Reading Time: 2 minutes Germany: API-first open property management platform Apaleo has announced that it has raised €20 million in a growth equity investment [Series B funding] round.
Reading Time: < 1 minute UK: Flexible living operator Urban Rest has opened the first phase of its Hackney serviced apartment property in East London.
Reading Time: 2 minutes Europe: Tech-enabled serviced apartment operator limehome is planning to convert 3,000 apartments from office and retail space over the next two years.
Reading Time: < 1 minute UK: The Association of Serviced Apartment Providers (ASAP), a trade body for the serviced apartment sector, will host its annual conference on Thursday 28 November 2024 in London.
Reading Time: < 1 minute US: Extended stay hotel brand LivAway Suites has opened its second property in the United States, located in the Tri-Cities area of Washington.
Reading Time: < 1 minute US: Investment firm AWH Partners has acquired the dual-branded Residence Inn and Fairfield Inn & Suites, located in Broomfield, Colorado.
Reading Time: < 1 minute Sweden: Corporate housing provider Forenom has appointed Erik Johnson as the group’s country director for Sweden, effective from the start of 2025.