Serviced apartments to form part of major Blackpool mixed-use scheme
UK: Developers Nikal and Media Invest Entertainment will submit a planning application for the first phase of Blackpool Central development next month.
AKA forms JV to launch $500 million hotel fund
US: AKA has teamed up with multifamily investment firm Electra America to launch a $500 million hotel investment fund.
ESA launches Premier Suites brand
US: Extended Stay America has announced the launch of Extended Stay America Premier Suites, a new brand with a higher price point than its existing portfolio.
PM's roadmap prompts bookings boost for Staycity
UK: Aparthotel operator Staycity has seen UK bookings surge this week on the back of the Government’s recovery roadmap, which was announced on Monday.
ESA adds three conversion properties in Oklahoma
US: Extended Stay America has added three properties in Oklahoma through franchise conversions.
Tharaldson opens Michigan extended stay hotel
US: Tharaldson Hospitality Management has opened the 147-key Residence Inn Grand Rapids Downtown.
Planning granted for Dublin aparthotel
Ireland: An aparthotel in Dublin’s north inner city has been granted planning consent, with construction expected to start as soon as Covid restrictions allow.
Refinancing secured for Chicago extended stay hotel
US: Prime LaSalle/Madison Partners LLC (PLMP), the owner of the 381-key Residence Inn Chicago Downtown/Loop has closed on $141 million of new senior and mezzanine loan financing for the hotel.
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