2023 wrapped: 10 extended-stay stories that shaped the year
Serviced Apartment News revisits 10 stories that defined 2023 for the global serviced apartment, extended-stay hotel, aparthotel and corporate housing sectors.
Serviced Apartment News revisits 10 stories that defined 2023 for the global serviced apartment, extended-stay hotel, aparthotel and corporate housing sectors.
US: Ratings agency Fitch has assigned first-time ratings to Wyndham Hotels & Resorts, including a Long-Term Issuer Default Rating (IDR) of BB+.
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.
UK/US: Serviced Apartment News has teamed up with Wyndham Hotels & Resorts to publish a white paper about the economy extended sty sector.
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.
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.
US: Wyndham Hotels & Resorts is to launch the company’s first extended stay brand in the economy segment later this year.
Saudi Arabia: Baheej Tourism Development Company, a joint venture between ASFAR, the Saudi tourism investment company owned by PIF, and the Tamimi-AWN Alliance, has signed an agreement with operator Kerten Hospitality for its premium Cloud7 brand in Yanbu.
UK: Management company Switch Hospitality has completed the redevelopment of its aparthotel Birmingham with the addition of an on-site store.
UK: Eden Grove Developments Limited, the freeholder of The Coal Exchange Hotel in Cardiff, has appointed KEW Planning to redevelop the site and explore the addition of serviced apartments.
US: Choice Hotels’ midscale extended stay brand Everhome Suites has debuted in Nampa, Idaho, marking the third opening for the brand.
US: The independently owned and operated Shorehouse Hotel, located in Buena Vista, Colorado, has opened.
UAE: The Ascott Limited has unveiled ambitious expansion plans to grow its portfolio in the MENA region.
UK: Property management and development company The Nurtur Group will open its first serviced apartments offering in Preston, Lancashire, on 1st July.
UAE: Rotana has revealed its growing pipeline of planned openings in the Middle East, Africa and the UK..
US: The 2024 First Quarter US Extended-Stay Hotels Report, published by The Highland Group, reveals a decline in RevPAR for the first time in three years.
Sean Wewer, Homelike’s country manager – DACH and Italy, shares some insights on the rise of coliving and what this means for serviced apartment providers.