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Sonder

Sonder trims portfolio and announces $10m financing

Paul Stevens 12 June 2024

Reading Time: 2 minutesUS: Short-term rental apartment management company Sonder has announced significant reduction in its portfolio and a $10 million financing to “improve the company’s unrestricted liquidity”. As of

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Blueground

Blueground secures $45m in Series D funding round

Paul Stevens 28 March 2024

Reading Time: 2 minutesUS: Furnished flexible rental operator Blueground has announced that it has raised $45 million in a Series D funding round to continue its expansion strategy. The funding

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Sonder team

Sonder lays off 17 per cent of team in latest round of cuts

Paul Stevens 21 February 2024

Reading Time: 2 minutesUS: 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.

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My Place Rimrock

My Place Hotels and Rimrock to develop 10 US properties

Isha Borkar 2 June 2023

Reading Time: 2 minutesUSA: 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.

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Blueground

Blueground buys Nestpick and launches Partner Network

Paul Stevens 31 May 2023

Reading Time: 2 minutesUS: Furnished rental operator Blueground has announced the acquisition of monthly furnished housing provider Nestpick, its third purchase in the last 12 months.

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LivAway Suites Utah

LivAway Suites breaks ground in Utah

Isha Borkar 25 April 2023

Reading Time: < 1 minuteUSA: LivAway Suites has expanded its extended stay lodging in West Jordan, Utah at 7372 South Campus View Drive.

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Marriott

Painesville Planning Commission approves Mariott zoning request

Isha Borkar 11 April 2023

Reading Time: < 1 minuteUSA: The planning commission has approved a zoning request for the construction of a proposed Marriott TownePlace Suites extended-stay hotel in Painesville, Ohio.

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Locale

Aparthotel by Locale set to open in east Nashville

Isha Borkar 11 April 2023

Reading Time: < 1 minuteUSA: 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.

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Extended Stay America

Extended Stay America to develop eight Premier Suites in Florida

Isha Borkar 3 April 2023

Reading Time: < 1 minuteExtended Stay America has entered into an agreement with Bask Development for eight new Premier Suites in Florida.

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Red Roof

Red Roof will open 50 new properties in 2023

Isha Borkar 23 March 2023

Reading Time: < 1 minuteUSA: Red Roof will open 50 new properties in 2023, which will represent 60 percent year-on-year growth.

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