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Miami.
MAJOR QUEST FRANCHISEE CEASES TRADING CEM, which is jointly owned by Quest co-founders Paul Constantinou and Rohan Davis, told landlords of the Quest on Chapel Street in South Yarra that the pandemic and its effects have had a "catastrophic impact on the business", which had suffered losses of $370,000 sinceMarch.
INTERNATIONAL WOMEN'S DAY: 12 INSPIRATIONAL WOMEN DEFINING Worldwide: In honour of International Women’s Day 2021, we highlight 12 women who are making headway for female leadership and empowerment in the global hospitality and travel sectors. BTR RESIDENT SENTIMENT IMPROVES DESPITE PANDEMIC UK: A new report has found that overall ratings for BTR properties were slightly higher in 2020 than in 2019 despite the difficultiescaused by Covid-19.
CHEVAL TO EXTEND EDINBURGH PROPERTY From mid-July 2021, Cheval Old Town Chambers will have an extension developed by owner Chris Stewart Group which includes 25 new apartments, a new reception area and a guest lounge. BRIDGESTREET'S OPERATIONS ARM GOES IN TO UK ADMINISTRATION UK: Sarah Rayment and Mark Shaw of BDO have been appointed joint administrators of BridgeStreet Accommodations London Limited, which has ceased trading, leaving guests urgently seeking alternativeaccommodation.
VONDER TO OPEN TWO MORE LONDON PROPERTIES The hotel projects are in addition to the Vonder residential sites already situated in London. Vonder says both hotels will provide "an alternative option for extended stays at THE RUSH TO CONVERT BUY-TO-LET UNITS TO SERVICED Paul Smith predicts 2018 will see large numbers of UK buy-to-let landlords changing their business model and moving their properties in to the serviced accommodation space. SERVICED APARTMENT NEWS Serviced Apartment News is the leading source of industry news , features and opinion for the serviced apartment, aparthotel and extended stay sectors. THE GLOBAL SERVICED APARTMENTS INDUSTRY REPORT 2020-2021 The Global Serviced Apartments Industry Report 2020-2021 Download your 140 page Global Serviced Apartments Industry Report 2020-2021 In association with Adagio and Frasers Hospitality THE COLLECTIVE APPOINTS KOSTER AS CEO Koster joined The Collective in 2019 as head of US development, before becoming group development and operations director in 2020. Before joining he spent a decade at JDS Development Group, a real estate development, construction and acquisition firm known for its residential, hospitality and mixed-use projects in New York City andMiami.
MAJOR QUEST FRANCHISEE CEASES TRADING CEM, which is jointly owned by Quest co-founders Paul Constantinou and Rohan Davis, told landlords of the Quest on Chapel Street in South Yarra that the pandemic and its effects have had a "catastrophic impact on the business", which had suffered losses of $370,000 sinceMarch.
INTERNATIONAL WOMEN'S DAY: 12 INSPIRATIONAL WOMEN DEFINING Worldwide: In honour of International Women’s Day 2021, we highlight 12 women who are making headway for female leadership and empowerment in the global hospitality and travel sectors. BTR RESIDENT SENTIMENT IMPROVES DESPITE PANDEMIC UK: A new report has found that overall ratings for BTR properties were slightly higher in 2020 than in 2019 despite the difficultiescaused by Covid-19.
CHEVAL TO EXTEND EDINBURGH PROPERTY From mid-July 2021, Cheval Old Town Chambers will have an extension developed by owner Chris Stewart Group which includes 25 new apartments, a new reception area and a guest lounge. BRIDGESTREET'S OPERATIONS ARM GOES IN TO UK ADMINISTRATION UK: Sarah Rayment and Mark Shaw of BDO have been appointed joint administrators of BridgeStreet Accommodations London Limited, which has ceased trading, leaving guests urgently seeking alternativeaccommodation.
VONDER TO OPEN TWO MORE LONDON PROPERTIES The hotel projects are in addition to the Vonder residential sites already situated in London. Vonder says both hotels will provide "an alternative option for extended stays at THE RUSH TO CONVERT BUY-TO-LET UNITS TO SERVICED Paul Smith predicts 2018 will see large numbers of UK buy-to-let landlords changing their business model and moving their properties in to the serviced accommodation space. THE GLOBAL SERVICED APARTMENTS INDUSTRY REPORT 2020-2021 The Global Serviced Apartments Industry Report 2020-2021 Download your 140 page Global Serviced Apartments Industry Report 2020-2021 In association with Adagio and Frasers Hospitality INTERNATIONAL WOMEN'S DAY: 12 INSPIRATIONAL WOMEN DEFINING Worldwide: In honour of International Women’s Day 2021, we highlight 12 women who are making headway for female leadership and empowerment in the global hospitality and travel sectors. SERVICED APARTMENT AWARDS TO HONOUR INDUSTRY HEROES UK: The 2021 Serviced Apartment Awards features a special category which honours industry heroes - those who have stepped up to the plate over the last 15 months, going beyond the call of duty to support their colleagues, their guests and the wider industry. CYCAS AND CHEVAL INCLUDED IN BEST EMPLOYERS LIST FOR 2021 UK: Cheval Collection and Cycas Hospitality have been listed in The Caterer's list of The Best Places to Work in Hospitality in 2021. LOCKE OPENS FIRST LOCATION OUTSIDE THE UK The new hotel, the Zanzibar Locke, is Locke’s sixth property but its first not located within the UK. Country general manager, Osguar O Ciardha, said: “Locke’s forward-thinking aparthotel concept has shown resilience throughout the pandemic. TAGS - SERVICED APARTMENT NEWS Ireland: Locke has opened a new aparthotel in Dublin to leisure guests, after only being open to essential visitors throughout thepandemic.
PLANNERS REJECT PROPOSAL FOR TEMPORARY APARTHOTEL Twerton Mill was seeking to use 80 of the 330 beds in a student block, which is typically used by students attending Bath Spa University, as an aparthotel, due to the underutilisation of the space because of impacts on education by the pandemic. BROOKFIELD BECOMES BRITISH LAND'S LARGEST SHAREHOLDER UK: Brookfield has paid £264 million for a seven per cent stake in British Land, making it the biggest single shareholder. TAGS - SERVICED APARTMENT NEWS UK: The 2021 Serviced Apartment Awards features a special category which honours industry heroes - those who have stepped up to the plate over the last 15 months, going beyond the call of duty to support their colleagues, their guests and the wider industry. STAYCITY TO OPERATE HEIDELBERG APARTHOTEL The 300-key property was built in 2018 and reopened on 31 May 2021. The previous lessee, Star Inn Gruppe, has filed for insolvency as aconsequence of the
SERVICED APARTMENT NEWS Serviced Apartment News is the leading source of industry news , features and opinion for the serviced apartment, aparthotel and extended stay sectors. THE GLOBAL SERVICED APARTMENTS INDUSTRY REPORT 2020-2021 The Global Serviced Apartments Industry Report 2020-2021 - SAN. Drone fly-through shows progress on Leicester aparthotel. The Hoxton targets extended-stay market. Ascott to add 6,000 units in MEA by 2025. ESA director nominees go public against proposed $6 billion sale. MAJOR QUEST FRANCHISEE CEASES TRADING Australia: CEM Group of Companies, one of the largest franchises of Quest Apartment Hotels properties has ceased trading, resulting in the closure of at least three properties. CEM, which is jointly owned by Quest co-founders Paul Constantinou and Rohan Davis, told landlords of the Quest on Chapel Street in South Yarra that the pandemic and its INTERNATIONAL WOMEN'S DAY: 12 INSPIRATIONAL WOMEN DEFINING Worldwide: In honour of International Women’s Day 2021, we highlight 12 women who are making headway for female leadership and empowerment in the global short-term rental industry. These 12 women not only hold senior roles in the hospitality industry, but also consistently dedicate themselves to gender diversity in accommodation. THE COLLECTIVE APPOINTS KOSTER AS CEO The Collective appoints Koster as CEO. UK: Coliving developer and operator The Collective has appointed Simon Koster as CEO, with founder Reza merchant taking the role of chairman. Koster joined The Collective in 2019 as head of US development, before becoming BRIDGESTREET'S OPERATIONS ARM GOES IN TO UK ADMINISTRATION BridgeStreet's operations arm goes in to UK administration. UK: Sarah Rayment and Mark Shaw of BDO have been appointed joint administrators of BridgeStreet Accommodations London Limited, which has ceased trading, leaving guests urgently seeking alternative accommodation. In an email sent to guests, the administrators said: "I write to inform BROOKFIELD BECOMES BRITISH LAND'S LARGEST SHAREHOLDER Brookfield becomes British Land's largest shareholder. UK: Brookfield has paid £264 million for a seven per cent stake in British Land, making it the biggest single shareholder. According to Bisnow, many of the UK’s biggest REITs have being trading at big discounts to their net asset value for more than a year, hit first by uncertainty over KATTEN'S SCOTT DIES AFTER ILLNESS BATTLE After spending more than 40 years with Lloyds Bank, latterly as business development director for its hotels division, Scott joined Katten in January 2017 as part of the hospitality and leisure team. She was a regular speaker at hotel and serviced apartment events and founded the SANG group, which met regularly at Katten's City of London offices, and more recently via Zoom. THE COLLECTIVE BOOSTS PIPELINE TO 8,000 UNITS WITH LONDON The Collective boosts pipeline to 8,000 units with London planning win. UK: Co-living developer The Collective has received planning consent for its Garratt Mills scheme in Earlsfield, taking its pipeline past 8,000 units. The company received planning consent this THE RUSH TO CONVERT BUY-TO-LET UNITS TO SERVICED 2018 will see increasing numbers of buy-to-let (BTL) landlords desperate for a solution to the so-called "anti-landlord" tax measures introduced in 2016. These are often referred to collectively as "Section 24". These measures included the requirement for landlords to report rental income received without deduction of mortgage interestas a cost.
SERVICED APARTMENT NEWS Serviced Apartment News is the leading source of industry news , features and opinion for the serviced apartment, aparthotel and extended stay sectors. THE GLOBAL SERVICED APARTMENTS INDUSTRY REPORT 2020-2021 The Global Serviced Apartments Industry Report 2020-2021 - SAN. Drone fly-through shows progress on Leicester aparthotel. The Hoxton targets extended-stay market. Ascott to add 6,000 units in MEA by 2025. ESA director nominees go public against proposed $6 billion sale. MAJOR QUEST FRANCHISEE CEASES TRADING Australia: CEM Group of Companies, one of the largest franchises of Quest Apartment Hotels properties has ceased trading, resulting in the closure of at least three properties. CEM, which is jointly owned by Quest co-founders Paul Constantinou and Rohan Davis, told landlords of the Quest on Chapel Street in South Yarra that the pandemic and its INTERNATIONAL WOMEN'S DAY: 12 INSPIRATIONAL WOMEN DEFINING Worldwide: In honour of International Women’s Day 2021, we highlight 12 women who are making headway for female leadership and empowerment in the global short-term rental industry. These 12 women not only hold senior roles in the hospitality industry, but also consistently dedicate themselves to gender diversity in accommodation. THE COLLECTIVE APPOINTS KOSTER AS CEO The Collective appoints Koster as CEO. UK: Coliving developer and operator The Collective has appointed Simon Koster as CEO, with founder Reza merchant taking the role of chairman. Koster joined The Collective in 2019 as head of US development, before becoming BRIDGESTREET'S OPERATIONS ARM GOES IN TO UK ADMINISTRATION BridgeStreet's operations arm goes in to UK administration. UK: Sarah Rayment and Mark Shaw of BDO have been appointed joint administrators of BridgeStreet Accommodations London Limited, which has ceased trading, leaving guests urgently seeking alternative accommodation. In an email sent to guests, the administrators said: "I write to inform BROOKFIELD BECOMES BRITISH LAND'S LARGEST SHAREHOLDER Brookfield becomes British Land's largest shareholder. UK: Brookfield has paid £264 million for a seven per cent stake in British Land, making it the biggest single shareholder. According to Bisnow, many of the UK’s biggest REITs have being trading at big discounts to their net asset value for more than a year, hit first by uncertainty over KATTEN'S SCOTT DIES AFTER ILLNESS BATTLE After spending more than 40 years with Lloyds Bank, latterly as business development director for its hotels division, Scott joined Katten in January 2017 as part of the hospitality and leisure team. She was a regular speaker at hotel and serviced apartment events and founded the SANG group, which met regularly at Katten's City of London offices, and more recently via Zoom. THE COLLECTIVE BOOSTS PIPELINE TO 8,000 UNITS WITH LONDON The Collective boosts pipeline to 8,000 units with London planning win. UK: Co-living developer The Collective has received planning consent for its Garratt Mills scheme in Earlsfield, taking its pipeline past 8,000 units. The company received planning consent this THE RUSH TO CONVERT BUY-TO-LET UNITS TO SERVICED 2018 will see increasing numbers of buy-to-let (BTL) landlords desperate for a solution to the so-called "anti-landlord" tax measures introduced in 2016. These are often referred to collectively as "Section 24". These measures included the requirement for landlords to report rental income received without deduction of mortgage interestas a cost.
HOW WILL COVID-19 AFFECT THE SERVICED APARTMENT AND Covid-19. Max Thorne of the MRP Group looks at the effects of the coronavirus pandemic and offers some suggestions for mitigating its impact. I have experienced and navigated through several global economic, political and natural catastrophic events. These include the dot com bubble, 9/11, SARS, Ebola and the 2007-09 Global FinancialCrisis.
LOOKING BEYOND COVID-19 TO THE FUTURE Julia Hart of Ayoola Serviced Accommodation tells SAN about the impact of Covid-19 on a new business in the apartment space.. Ayoola Serviced Accommodation is a small accommodation provider based within the business district of Bracknell, Berkshire. It was set up by three entrepreneurial friends after spending many a day working out of bland, cramped serviced apartments and aparthotels across PLANNERS REJECT PROPOSAL FOR TEMPORARY APARTHOTEL Twerton Mill was seeking to use 80 of the 330 beds in a student block, which is typically used by students attending Bath Spa University, as an aparthotel, due to the underutilisation of the space because of impacts on education by the pandemic. CYCAS AND CHEVAL INCLUDED IN BEST EMPLOYERS LIST FOR 2021 The list is published in partnership with Purple Cubed and sponsored by Umbrella Training. The results are driven by a survey taken by the employees of the companies themselves to determine the best places to BROOKFIELD BECOMES BRITISH LAND'S LARGEST SHAREHOLDER Brookfield becomes British Land's largest shareholder. UK: Brookfield has paid £264 million for a seven per cent stake in British Land, making it the biggest single shareholder. According to Bisnow, many of the UK’s biggest REITs have being trading at big discounts to their net asset value for more than a year, hit first by uncertainty over SYNERGY LAUNCHES INNOVATION LAB REVE will function as a think tank that will focus on creating solutions for challenges faced by the alternative accommodation sector. REVE has announced that it will begin its work with three core objectives: repositioning hotel assets, reimagining commercial VITA GROUP LAUNCHES MANCHESTER CO-LIVING DEVELOPMENT Vita - part of Select Property Group - will submit a planning application next month, with a view to starting on site in mid-2020, and completion in 2022. Union will feature 388 apartments delivered in two-, three- and four-bedroom cluster apartments as TAGS - SERVICED APARTMENT NEWS UK: Peartree Serviced Apartments in Salisbury is ready to reopen after a £500,000 ($708,200) renovation. TAGS - SERVICED APARTMENT NEWS UAE: Ascott plans to grow its Middle East, Africa and Turkey region by more than 1800 units by the end of 2022, and 6,000 units by 2025. SUPERCITY SIGNS YORK APARTHOTEL Construction of the new property will begin this summer. Having recently launched a UK growth plan, funded by Supercity Aparthotels private Family Office, the company has reached a deal with North Star to develop a luxury aparthotel on York’s Micklegate. SERVICED APARTMENT NEWS Serviced Apartment News is the leading source of industry news , features and opinion for the serviced apartment, aparthotel and extended stay sectors. THE GLOBAL SERVICED APARTMENTS INDUSTRY REPORT 2020-2021 The Global Serviced Apartments Industry Report 2020-2021 - SAN. Drone fly-through shows progress on Leicester aparthotel. The Hoxton targets extended-stay market. Ascott to add 6,000 units in MEA by 2025. ESA director nominees go public against proposed $6 billion sale. MAJOR QUEST FRANCHISEE CEASES TRADING Australia: CEM Group of Companies, one of the largest franchises of Quest Apartment Hotels properties has ceased trading, resulting in the closure of at least three properties. CEM, which is jointly owned by Quest co-founders Paul Constantinou and Rohan Davis, told landlords of the Quest on Chapel Street in South Yarra that the pandemic and its THE COLLECTIVE APPOINTS KOSTER AS CEO The Collective appoints Koster as CEO. UK: Coliving developer and operator The Collective has appointed Simon Koster as CEO, with founder Reza merchant taking the role of chairman. Koster joined The Collective in 2019 as head of US development, before becoming INTERNATIONAL WOMEN'S DAY: 12 INSPIRATIONAL WOMEN DEFINING Worldwide: In honour of International Women’s Day 2021, we highlight 12 women who are making headway for female leadership and empowerment in the global short-term rental industry. These 12 women not only hold senior roles in the hospitality industry, but also consistently dedicate themselves to gender diversity in accommodation. BRIDGESTREET'S OPERATIONS ARM GOES IN TO UK ADMINISTRATION BridgeStreet's operations arm goes in to UK administration. UK: Sarah Rayment and Mark Shaw of BDO have been appointed joint administrators of BridgeStreet Accommodations London Limited, which has ceased trading, leaving guests urgently seeking alternative accommodation. In an email sent to guests, the administrators said: "I write to inform BROOKFIELD BECOMES BRITISH LAND'S LARGEST SHAREHOLDER Brookfield becomes British Land's largest shareholder. UK: Brookfield has paid £264 million for a seven per cent stake in British Land, making it the biggest single shareholder. According to Bisnow, many of the UK’s biggest REITs have being trading at big discounts to their net asset value for more than a year, hit first by uncertainty over THE COLLECTIVE BOOSTS PIPELINE TO 8,000 UNITS WITH LONDON The Collective boosts pipeline to 8,000 units with London planning win. UK: Co-living developer The Collective has received planning consent for its Garratt Mills scheme in Earlsfield, taking its pipeline past 8,000 units. The company received planning consent this SUSTAINABILITY: CAN YOU TEACH AN OLD DOG NEW TRICKS? Robert Godwin is the founder of room2 Hometels, backed by Lamington Group, a 50 year old real estate business. Moving forward, Robert is putting sustainability at the core of what room2 stands for – leading by example in carbon neutral space. “There is no greater threat to our world than the impact of global warming, and neitherbusinesses
THE RUSH TO CONVERT BUY-TO-LET UNITS TO SERVICED 2018 will see increasing numbers of buy-to-let (BTL) landlords desperate for a solution to the so-called "anti-landlord" tax measures introduced in 2016. These are often referred to collectively as "Section 24". These measures included the requirement for landlords to report rental income received without deduction of mortgage interestas a cost.
SERVICED APARTMENT NEWS Serviced Apartment News is the leading source of industry news , features and opinion for the serviced apartment, aparthotel and extended stay sectors. THE GLOBAL SERVICED APARTMENTS INDUSTRY REPORT 2020-2021 The Global Serviced Apartments Industry Report 2020-2021 - SAN. Drone fly-through shows progress on Leicester aparthotel. The Hoxton targets extended-stay market. Ascott to add 6,000 units in MEA by 2025. ESA director nominees go public against proposed $6 billion sale. MAJOR QUEST FRANCHISEE CEASES TRADING Australia: CEM Group of Companies, one of the largest franchises of Quest Apartment Hotels properties has ceased trading, resulting in the closure of at least three properties. CEM, which is jointly owned by Quest co-founders Paul Constantinou and Rohan Davis, told landlords of the Quest on Chapel Street in South Yarra that the pandemic and its THE COLLECTIVE APPOINTS KOSTER AS CEO The Collective appoints Koster as CEO. UK: Coliving developer and operator The Collective has appointed Simon Koster as CEO, with founder Reza merchant taking the role of chairman. Koster joined The Collective in 2019 as head of US development, before becoming INTERNATIONAL WOMEN'S DAY: 12 INSPIRATIONAL WOMEN DEFINING Worldwide: In honour of International Women’s Day 2021, we highlight 12 women who are making headway for female leadership and empowerment in the global short-term rental industry. These 12 women not only hold senior roles in the hospitality industry, but also consistently dedicate themselves to gender diversity in accommodation. BRIDGESTREET'S OPERATIONS ARM GOES IN TO UK ADMINISTRATION BridgeStreet's operations arm goes in to UK administration. UK: Sarah Rayment and Mark Shaw of BDO have been appointed joint administrators of BridgeStreet Accommodations London Limited, which has ceased trading, leaving guests urgently seeking alternative accommodation. In an email sent to guests, the administrators said: "I write to inform BROOKFIELD BECOMES BRITISH LAND'S LARGEST SHAREHOLDER Brookfield becomes British Land's largest shareholder. UK: Brookfield has paid £264 million for a seven per cent stake in British Land, making it the biggest single shareholder. According to Bisnow, many of the UK’s biggest REITs have being trading at big discounts to their net asset value for more than a year, hit first by uncertainty over THE COLLECTIVE BOOSTS PIPELINE TO 8,000 UNITS WITH LONDON The Collective boosts pipeline to 8,000 units with London planning win. UK: Co-living developer The Collective has received planning consent for its Garratt Mills scheme in Earlsfield, taking its pipeline past 8,000 units. The company received planning consent this SUSTAINABILITY: CAN YOU TEACH AN OLD DOG NEW TRICKS? Robert Godwin is the founder of room2 Hometels, backed by Lamington Group, a 50 year old real estate business. Moving forward, Robert is putting sustainability at the core of what room2 stands for – leading by example in carbon neutral space. “There is no greater threat to our world than the impact of global warming, and neitherbusinesses
THE RUSH TO CONVERT BUY-TO-LET UNITS TO SERVICED 2018 will see increasing numbers of buy-to-let (BTL) landlords desperate for a solution to the so-called "anti-landlord" tax measures introduced in 2016. These are often referred to collectively as "Section 24". These measures included the requirement for landlords to report rental income received without deduction of mortgage interestas a cost.
LOOKING BEYOND COVID-19 TO THE FUTURE Julia Hart of Ayoola Serviced Accommodation tells SAN about the impact of Covid-19 on a new business in the apartment space.. Ayoola Serviced Accommodation is a small accommodation provider based within the business district of Bracknell, Berkshire. It was set up by three entrepreneurial friends after spending many a day working out of bland, cramped serviced apartments and aparthotels across PLANNERS REJECT PROPOSAL FOR TEMPORARY APARTHOTEL Twerton Mill was seeking to use 80 of the 330 beds in a student block, which is typically used by students attending Bath Spa University, as an aparthotel, due to the underutilisation of the space because of impacts on education by the pandemic. CYCAS AND CHEVAL INCLUDED IN BEST EMPLOYERS LIST FOR 2021 UK: Cheval Collection and Cycas Hospitality have been listed in The Caterer's list of The Best Places to Work in Hospitality in 2021. BROOKFIELD BECOMES BRITISH LAND'S LARGEST SHAREHOLDER Brookfield becomes British Land's largest shareholder. UK: Brookfield has paid £264 million for a seven per cent stake in British Land, making it the biggest single shareholder. According to Bisnow, many of the UK’s biggest REITs have being trading at big discounts to their net asset value for more than a year, hit first by uncertainty over SYNERGY LAUNCHES INNOVATION LAB REVE will function as a think tank that will focus on creating solutions for challenges faced by the alternative accommodation sector. REVE has announced that it will begin its work with three core objectives: repositioning hotel assets, reimagining commercial MILL TOWN CAPITAL ACQUIRES EXTENDED STAY PROPERTY Pittsfield is located in the Berkshires, a region in western Massachusetts that is popular with tourists. Yankee Suites, which includes 26 rooms, is the only property in the Berkshires that has a focus on extended stay guests. SUSTAINABILITY: CAN YOU TEACH AN OLD DOG NEW TRICKS? Robert Godwin is the founder of room2 Hometels, backed by Lamington Group, a 50 year old real estate business. Moving forward, Robert is putting sustainability at the core of what room2 stands for – leading by example in carbon neutral space. “There is no greater threat to our world than the impact of global warming, and neitherbusinesses
TAGS - SERVICED APARTMENT NEWS UK: Peartree Serviced Apartments in Salisbury is ready to reopen after a £500,000 ($708,200) renovation. TAGS - SERVICED APARTMENT NEWS UAE: Ascott plans to grow its Middle East, Africa and Turkey region by more than 1800 units by the end of 2022, and 6,000 units by 2025. SUPERCITY SIGNS YORK APARTHOTEL Construction of the new property will begin this summer. Having recently launched a UK growth plan, funded by Supercity Aparthotels private Family Office, the company has reached a deal with North Star to develop a luxury aparthotel on York’s Micklegate. SERVICED APARTMENT NEWS Serviced Apartment News is the leading source of industry news , features and opinion for the serviced apartment, aparthotel and extended stay sectors. THE GLOBAL SERVICED APARTMENTS INDUSTRY REPORT 2020-2021 The Global Serviced Apartments Industry Report 2020-2021 Download your 140 page Global Serviced Apartments Industry Report 2020-2021 In association with Adagio and Frasers Hospitality MAJOR QUEST FRANCHISEE CEASES TRADING CEM, which is jointly owned by Quest co-founders Paul Constantinou and Rohan Davis, told landlords of the Quest on Chapel Street in South Yarra that the pandemic and its effects have had a "catastrophic impact on the business", which had suffered losses of $370,000 sinceMarch.
THE COLLECTIVE APPOINTS KOSTER AS CEO Koster joined The Collective in 2019 as head of US development, before becoming group development and operations director in 2020. Before joining he spent a decade at JDS Development Group, a real estate development, construction and acquisition firm known for its residential, hospitality and mixed-use projects in New York City andMiami.
INTERNATIONAL WOMEN'S DAY: 12 INSPIRATIONAL WOMEN DEFINING Worldwide: In honour of International Women’s Day 2021, we highlight 12 women who are making headway for female leadership and empowerment in the global hospitality and travel sectors. BRIDGESTREET'S OPERATIONS ARM GOES IN TO UK ADMINISTRATION UK: Sarah Rayment and Mark Shaw of BDO have been appointed joint administrators of BridgeStreet Accommodations London Limited, which has ceased trading, leaving guests urgently seeking alternativeaccommodation.
UK SENIOR LIVING SECTOR TO GROW 10 PER CENT BY 2025 The research predicts that increasing institutional investment into the sector will result in a rise in the number of specialist senior living units in the UK, including retirement housing, age-restricted market housing designed with the downsizer in mind, and housing with care, which provides services, care and support as part of theiroffer.
THE COLLECTIVE BOOSTS PIPELINE TO 8,000 UNITS WITH LONDON The company received planning consent this week from Wandsworth Council for the 292-room project. It has also received planning this year for schemes in Harrow and Hackney Wick, taking its open or under development UK portfolio to more than 2,000 rooms. THE RUSH TO CONVERT BUY-TO-LET UNITS TO SERVICED Paul Smith predicts 2018 will see large numbers of UK buy-to-let landlords changing their business model and moving their properties in to the serviced accommodation space. BROOKFIELD’S £430 MILLION SACO ACQUISITION GOES THROUGH Brookfield placed the business under offer in October 2017, seeing off interest from including Mapletree and Invesco among others. This acquisition represents Brookfield's first foray into the serviced apartment sector, and is comfortably the largest serviced apartment investment deal in the UK to date. SERVICED APARTMENT NEWS Serviced Apartment News is the leading source of industry news , features and opinion for the serviced apartment, aparthotel and extended stay sectors. THE GLOBAL SERVICED APARTMENTS INDUSTRY REPORT 2020-2021 The Global Serviced Apartments Industry Report 2020-2021 Download your 140 page Global Serviced Apartments Industry Report 2020-2021 In association with Adagio and Frasers Hospitality MAJOR QUEST FRANCHISEE CEASES TRADING CEM, which is jointly owned by Quest co-founders Paul Constantinou and Rohan Davis, told landlords of the Quest on Chapel Street in South Yarra that the pandemic and its effects have had a "catastrophic impact on the business", which had suffered losses of $370,000 sinceMarch.
THE COLLECTIVE APPOINTS KOSTER AS CEO Koster joined The Collective in 2019 as head of US development, before becoming group development and operations director in 2020. Before joining he spent a decade at JDS Development Group, a real estate development, construction and acquisition firm known for its residential, hospitality and mixed-use projects in New York City andMiami.
INTERNATIONAL WOMEN'S DAY: 12 INSPIRATIONAL WOMEN DEFINING Worldwide: In honour of International Women’s Day 2021, we highlight 12 women who are making headway for female leadership and empowerment in the global hospitality and travel sectors. BRIDGESTREET'S OPERATIONS ARM GOES IN TO UK ADMINISTRATION UK: Sarah Rayment and Mark Shaw of BDO have been appointed joint administrators of BridgeStreet Accommodations London Limited, which has ceased trading, leaving guests urgently seeking alternativeaccommodation.
UK SENIOR LIVING SECTOR TO GROW 10 PER CENT BY 2025 The research predicts that increasing institutional investment into the sector will result in a rise in the number of specialist senior living units in the UK, including retirement housing, age-restricted market housing designed with the downsizer in mind, and housing with care, which provides services, care and support as part of theiroffer.
THE COLLECTIVE BOOSTS PIPELINE TO 8,000 UNITS WITH LONDON The company received planning consent this week from Wandsworth Council for the 292-room project. It has also received planning this year for schemes in Harrow and Hackney Wick, taking its open or under development UK portfolio to more than 2,000 rooms. THE RUSH TO CONVERT BUY-TO-LET UNITS TO SERVICED Paul Smith predicts 2018 will see large numbers of UK buy-to-let landlords changing their business model and moving their properties in to the serviced accommodation space. BROOKFIELD’S £430 MILLION SACO ACQUISITION GOES THROUGH Brookfield placed the business under offer in October 2017, seeing off interest from including Mapletree and Invesco among others. This acquisition represents Brookfield's first foray into the serviced apartment sector, and is comfortably the largest serviced apartment investment deal in the UK to date. LOOKING BEYOND COVID-19 TO THE FUTURE Julia Hart of Ayoola Serviced Accommodation tells SAN about the impact of Covid-19 on a new business in the apartment space.. Ayoola Serviced Accommodation is a small accommodation provider based within the business district of Bracknell, Berkshire. It was set up by three entrepreneurial friends after spending many a day working out of bland, cramped serviced apartments and aparthotels across CYCAS AND CHEVAL INCLUDED IN BEST EMPLOYERS LIST FOR 2021 UK: Cheval Collection and Cycas Hospitality have been listed in The Caterer's list of The Best Places to Work in Hospitality in 2021. TAGS - SERVICED APARTMENT NEWS UK: Renovation work has begun on the former post office in Warrington to transform it into an aparthotel. TAGS - SERVICED APARTMENT NEWS Thailand: Absolute Hotel Services (AHS) has launched its Eastin Estates brand to target extended stay senior guests. TAGS - SERVICED APARTMENT NEWS UK: Peartree Serviced Apartments in Salisbury is ready to reopen after a £500,000 ($708,200) renovation. TAGS - SERVICED APARTMENT NEWS Singapore: Oakwood has signed a management agreement for a new property in Bangkok and opened a property outside Hangzhou. SUSTAINABILITY: CAN YOU TEACH AN OLD DOG NEW TRICKS? Ben Davis of Saxbury looks at the opportunity for aparthotels and serviced apartments to make a bold statement on sustainable development and operations. TAGS - SERVICED APARTMENT NEWS UAE: Ascott plans to grow its Middle East, Africa and Turkey region by more than 1800 units by the end of 2022, and 6,000 units by 2025. AHS TARGETS SENIOR EXTENDED STAY GUESTS WITH NEW BRAND Eastin Estates, which is a part of the assisted living segment, will focus on creating a luxury extended stay experience and community for seniors in Thailand, Vietnam, and Indonesia.SARA KIRSCH
Sara is an intern with IHM this summer. She will be a junior at the University of Notre Dame in South Bend, IN in the fall. At the University of Notre Dame, Sara studies Accountancy and Economics, with a minor in the Journalism, Ethics, and Democracy program. This website uses cookies to ensure you get the best experience on our website. Learn more about cookies!Got it!
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AHS TARGETS SENIOR EXTENDED STAY GUESTS WITH NEW BRAND Thailand: Absolute Hotel Services (AHS) has launched its Eastin Estates brand to target extended stay senior guests.Industry News
QUEST FLEMINGTON CLOSES AFTER YEAR-LONG DISPUTEIndustry News
ASCOTT RESIDENCE TRUST SELLS SHANGHAI SERVICED APARTMENTSIndustry News
RADISSON TO INCLUDE SERVICED APARTMENTS IN NEW SAUDI RESORTSIndustry News
RESIDENCE INN TARGETS MEDICAL MARKET WITH NEW FLORIDA PROPERTYIndustry News
SALISBURY SERVICED APARTMENTS TO REOPEN AFTER £500,000 RENOVATIONIndustry News
ZOKU ADDS THIRD PROPERTY WITH VIENNA OPENINGLoad more articles
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RADISSON TO INCLUDE SERVICED APARTMENTS IN NEW SAUDI RESORTS*
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RESIDENCE INN TARGETS MEDICAL MARKET WITH NEW FLORIDA PROPERTY*
ASCOTT RESIDENCE TRUST SELLS SHANGHAI SERVICED APARTMENTS*
QUEST FLEMINGTON CLOSES AFTER YEAR-LONG DISPUTE*
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