Showing Results for tag: Acquisition

Ascott Residence Trust acquires Texas PBSA asset

News Story / 10 September 2021

US: Ascott Residence Trust (ART) will acquire a freehold 1,005-bed student accommodation asset in Texas, USA for US$70.0 million, its third PBSA investment within seven months.

Ascott takes full ownership of Quest

News Story / 09 September 2021

Australia: The Ascott Ltd has secured full ownership of Quest Apartment Hotels after acquiring founder Paul Constantinou’s remaining 20 per cent stake for an undisclosed sum.

SilverDoor parent buys The Apartment Service

News Story / 06 September 2021

UK: Habicus Group, the parent company of serviced apartment agent SilverDoor, has completed the acquisition of The Apartment Service for an undisclosed sum.

Mapletree to buy UK PBSA assets

News Story / 01 September 2021

UK: Singaporean investor Mapletree Investments his set to purchase four Vita Student residences from Vita Group for more than £165 million.

Serviced Apartments Platform AG acquires Acomodeo

News Story / 27 August 2021

Switzerland/Germany: Zurich-based Serviced Apartments Platform AG, which has invested in Acomodeo since 2020, has completed the total acquisition of the online booking platform.

Greystar eyes Fizzy Living acquisition

News Story / 24 August 2021

UK: Private equity firm Greystar Real Estate Partners is in talks to buy London BTR specialist Fizzy Living, according to Bloomberg.

Staycity signs Lisbon hotel

News Story / 16 August 2021

Portugal: The Diplomatico Hotel in Rua Castilho has been acquired by Catalyst Capital which Staycity will operate under its Wilde Aparthotels brand.

Delaware extended stay hotel changes hands

News Story / 24 May 2021

US: Savills has represented Bethany Boardwalk Group and Bethany Beach Ocean Inn, in the sale of the 112-room Bethany Beach Ocean Suites Residence Inn.

WeWork losses hit $2 billion in Q1

News Story / 24 May 2021

US: WeWork’s losses almost quadrupled to $2.1 billion in Q1 2021, as it continued to lose members and restructured its property portfolio.

WINK Aparthotels acquired by Afrirent Holdings

News Story / 20 May 2021

South Africa: Cape Town-based WINK Aparthotels has been acquired by Afrirent Holdings (Pty) Ltd, a 100 per cent black, female-owned company, via its subsidiary Indalo Hotels and Leisure.

ESA shareholder vote set for June 8

News Story / 27 April 2021

US: Extended Stay America set June 8 as the date for a shareholder vote on its $6 billion acquisition by a 50/50 joint venture between Blackstone Real Estate Partners and Starwood Capital Group.

National Corporate Housing acquires V-Suites

News Story / 04 January 2021

US: National Corporate Housing has announced the acquisition of the assets of V-Suites, a corporate housing entity with apartment inventory primarily in Michigan, Pennsylvania, Ohio, Illinois, and Minnesota.

Starcity to acquire rival Ollie

News Story / 08 December 2020

US: San Francisco-based coliving company Starcity has agreed to acquire Ollie, a New York-based competitor.

TownSq to roll out coworking business

News Story / 01 December 2020

UK: Coworking business TownSq has marked its third anniversary with an acquisition, senior appointments, and a number of multi-million-pound contracts.

Schroders buys Hong Kong asset manager Pamfleet

News Story / 03 July 2020

UK: Asset manager Schroders has has bought control of Hong Kong real estate investment manager Pamfleet, which has serviced apartments and hotels in its portfolio, for an undisclosed sum.

CWS to acquire Gables Corporate Accommodations

News Story / 22 November 2019

US: CWS Corporate Housing has entered into an agreement to acquire its competitor Gables Corporate Accommodations [GCA] from its parent company Gables Residential.

Two US hospitality REITs to merge

News Story / 13 August 2019

US: Park Hotels & Resorts has reached a deal to acquire Chesapeake Lodging Trust in a deal that will bring its market value to $12 billion.

NexPoint buys Condor Hospitality Trust

News Story / 23 July 2019

US: Canada-listed REIT NexPoint Hospitality Trust (NHT) has agreed to buy Condor Hospitality Trust, an owner of extended stay and select service hotels.

Oakwood buys Chicago apartment building

News Story / 11 January 2019

US: Oakwood has acquired Jones Chicago by Mapletree, a 25-storey residential property at 220 West Illinois Street, in Chicago's River North neighbourhood.

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