Reading Time: 2 minutes US: Short-term rental apartment management company Sonder has announced significant reduction in its portfolio and a $10 million financing to “improve the
Reading Time: 2 minutes US: Furnished flexible rental operator Blueground has announced that it has raised $45 million in a Series D funding round to continue
Reading Time: 2 minutes US: Hospitality company Sonder is set to make 106 corporate employees redundant, accounting for 17 per cent of the company’s overall workforce by the end of March.
Reading Time: 2 minutes USA: Extended-stay hotel brand, My Place Hotels, and real estate development and investment firm, Rimrock Companies, have entered into a two-phase franchise and development agreement for 10 extended-stay hotels across southern America.
Reading Time: 2 minutes US: Furnished rental operator Blueground has announced the acquisition of monthly furnished housing provider Nestpick, its third purchase in the last 12 months.
Reading Time: < 1 minute USA: LivAway Suites has expanded its extended stay lodging in West Jordan, Utah at 7372 South Campus View Drive.
Reading Time: < 1 minute USA: The planning commission has approved a zoning request for the construction of a proposed Marriott TownePlace Suites extended-stay hotel in Painesville, Ohio.
Reading Time: < 1 minute USA: The Eighteen by Locale will be a boutique apartment hotel that is set to open in the Five Points neighborhood located at 18 Mcferrin Ave in east Nashville this April.
Reading Time: < 1 minute Extended Stay America has entered into an agreement with Bask Development for eight new Premier Suites in Florida.
Reading Time: < 1 minute USA: Red Roof will open 50 new properties in 2023, which will represent 60 percent year-on-year growth.
Reading Time: 3 minutes UK: The Bank of England has cut the cost of borrowing, reducing the base interest rate from 4.5 per cent to 4.25 per cent, a decision that stems from concerns about global economic uncertainties, particularly US trade tariffs.
Reading Time: < 1 minute UK: Serviced apartment brand Your Apartment has opened its latest London property, located in Camden.
Reading Time: < 1 minute Australia: BGO Strategic Capital Partners and Hotel Capital Partners have acquired the Sydney Potts Point Central Apartment Hotel for AUS$31.5 million.
Reading Time: 2 minutes US: Real estate investor, developer, and manager Caliber Hospitality Development has signed an agreement with Hyatt to develop 15 Hyatt Studios hotels across five states.
Reading Time: 2 minutes Worldwide: The sixth edition of Branded Residences: An Overview, an independent report by Graham Associates, provides the latest data and analysis on the global branded residences sector.
Reading Time: 2 minutes UK: A sustainability roundtable hosted by global serviced apartment agent SilverDoor found that fragmented carbon data and cost pressures are preventing businesses from meeting their travel sustainability targets.
Reading Time: 2 minutes Worldwide: Data from global business travel specialist Corporate Travel Management (CTM) shows that Millennials and Gen Z employees want to travel more for work and see business travel as a key driver of professional growth and job satisfaction.
Reading Time: 2 minutes UK: Amsterdam-based hospitality brand The July is set to open its first UK property this June, unveiling a 114-room aparthotel in London’s Victoria district.
Reading Time: 2 minutes US: Howard Ruby, founder of serviced apartment company Oakwood and widely regarded as the father of corporate housing, has died aged 90.
Reading Time: 2 minutes UK: Hospitality platform RMS has partnered with revenue management specialist Right Revenue to help short-term rentals, independent hotels, and serviced apartments boost profits through smarter pricing.Â