Report shows geopolitical impact on global ADRs
Worldwide: Serviced apartment agent SilverDoor has released its first market quarterly update report for 2024 which highlights the impact of geopolitical change on global ADRs.
Worldwide: Serviced apartment agent SilverDoor has released its first market quarterly update report for 2024 which highlights the impact of geopolitical change on global ADRs.
UAE: Dorchester Collection will open its first hotel in Dubai by the end of the year, adding hotel rooms, suites and serviced apartments to the emirate’s offer.
UAE: Conrad Dubai has launched a collection of 22 one-bedroom serviced apartments at the Sheikh Zayed Road property.
UAE: International lodging owner and operator, The Ascott Limited (Ascott), has appointed Pekka Hirvi as the director of business development for the Middle East, Africa and Turkey.
UAE: Emirati hotel brand Rove Hotels has ventured into branded residential housing and serviced residences by introducing Rove Home.
UAE: Cheval Collection has opened Cheval Maison – The Palm Dubai, the company’s first international property in Dubai.
UAE: Dubai-based Gulf Asia Contracting Company has been awarded a US$129.3m contract to build the Vida Aljada Hotel Complex in Sharjah.
UAE: The Palm Jumeirah is to offer new luxury serviced apartments, at Mansio at Th8, which will go up for sale later this month.
UAE: Minor Hotels has announced its NH Hotels brand will launch in Dubai next year.
UAE: Dubai-based Aleph Hospitality has announced its expansion with the signing of its first hotel management agreement in Doha, Qatar.
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.