Reading Time: 6 minutes Serviced Apartment News revisits 10 stories that defined 2023 for the global serviced apartment, extended-stay hotel, aparthotel and corporate housing sectors.
Reading Time: < 1 minute US: Ratings agency Fitch has assigned first-time ratings to Wyndham Hotels & Resorts, including a Long-Term Issuer Default Rating (IDR) of BB+.
Reading Time: < 1 minute USA: Wyndham Hotels and Resorts has announced the expansion of ECHO Suites Extended StaySM by Wyndham brand which now has more than 200 hotels in its development pipeline.
Reading Time: < 1 minute UK/US: Serviced Apartment News has teamed up with Wyndham Hotels & Resorts to publish a white paper about the economy extended sty sector.
Reading Time: 2 minutes US: Wyndham Hotels & Resorts has signed the first 50 properties for its new economy extended stay hotel brand, currently known as “Economy Hotel Opportunity” or ECHO.
Reading Time: < 1 minute US: Hotel management and investment company Highgate has launched Highgate Select, a new division focused on the management and development of select service, limited service and extended stay hotels.
Reading Time: < 1 minute US: Wyndham Hotels & Resorts is to launch the company’s first extended stay brand in the economy segment later this year.
Reading Time: 2 minutes Europe: Aparthotel brand Adagio has revealed its FIRST strategic plan and development objectives for 2030.
Reading Time: 2 minutes Finland: Tech-powered hospitality operator Bob W has appointed Badis Boudjakdji as real estate director for Iberia and Renato Sciannimanico as real estate director for Southern Europe.
Reading Time: < 1 minute Zimbabwe: Developer WestProp Holdings Limited has broken ground on the first Radisson-branded serviced apartments in the country.
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.