UK: SACO has announced a major expansion of its operated portfolio of serviced apartments and aparthotels which will see it double in size.
The company will open six new properties across the UK, Ireland
and the Netherlands by 2020.
The new properties will include four across the UK - in Manchester and three in London - and SACO's first operated and managed properties outside the UK in Amsterdam and Dublin.
The new properties in Manchester, Dublin and one of those in London on Buckle Street will be operated under SACO's lifestyle aparthotel brand, Locke. The property in Amsterdam will be a SACO Aparthotel, and the two additional properties in London in Fitzrovia and Moorgate will be SACO Serviced Apartments.
Stephen Hanton, CEO commercial of SACO, said: "Today's announcement marks a key milestone in the growth we first started planning two years ago to meet the ever-increasing demand for serviced accommodation. This exciting phase in our development will see our inventory double, and SACO take its first step into continental Europe with the opening of our Amsterdam property later this year. Our expansion reflects the marked and ongoing shift in consumer demand from traditional hotels to stays at serviced accommodation properties that allow greater flexibility, and more opportunities for social engagement with fellow guests and the surrounding community," he added.
"With our mix of different serviced accommodation brands from SACO Aparthotels and SACO Serviced Apartments to our new Locke lifestyle aparthotels, we offer the breadth of choice to meet the needs of the travellers of today and tomorrow in all of our locations," Hanton added.
The six new properties, plus a seventh that will be announced shortly, will incorporate 905 units between them, almost doubling SACO's footprint of managed units from 980 to 1885 units.