Recent Articles by Paul

SAN and STRz to support AltoVita for 2021 ‘Altos’

News Story /

UK: Serviced Apartment News and ShortTermRentalz are delighted to announce that they will be supporting partners for The Altos: 2021 Global Corporate Home Awards, organised by flexible furnished housing company AltoVita.

SmartRental to invest €100m in holiday rentals and coliving

News Story /

Spain: Madrid-based tourist apartment provider SmartRental is set to invest €100 million from its own funds and associated debt to strengthen its footprint in the holiday rental and coliving spaces as well as its expansion plans in Spain and Portugal.

PRS Reit edges towards 5200 rental home target

News Story /

UK: PRS REIT has revealed that it has added 243 new homes to its portfolio this year, meaning that it is edging towards its target of 5200 rental homes in the 12 months leading up to the end of June.

Staycity bookings regain ground in UK and Ireland

News Story /

Ireland: Dublin-based aparthotel operator Staycity Group has reported rising occupancies across its UK and Ireland estate and revealed that a number of new properties are poised to open as part of the company's ongoing expansion plans.

REVE announces major investment in Coded

News Story /

US: REVE, the innovation lab of international serviced accommodation provider, Synergy Global Housing [Synergy], has announced a major investment in corporate housing technology firm, Coded, which makes makers custom technology solutions for global serviced accommodation, corporate housing and service apartment agents and operators.

Blueground raises $180m at $750m valuation

News Story /

US / Greece: Short-term furnished apartment rental startup Blueground has raised $180 million in Series C funding, including $140 million in equity funding, from investors headed up by WestCap Group managing partner Laurence Tosi, giving the company a reported valuation of $750 million.

JLL Short Stays launches to compete with major OTAs

News Story /

UK: Real estate services firm JLL has announced the launch of JLL Short Stays, a booking platform offering business and leisure travellers professionally managed and fully flexible short-term rental accommodation in the UK, in a bid to compete with the major online travel agencies [OTAs] in the segment.

AltoVita publishes flexible rentals survey with SAN and STRz

News Story /

UK: 68 per cent of the flexible rental sector is seeing an increased demand for extended stays, and 59 per cent are seeing a demand for large spaces, according to a report from global accommodation platform AltoVita, which surveyed key players in the flexible rental sector around the world.

Sonder to expand Middle East presence

News Story /

US / Dubai: Next-generation hospitality company Sonder is expanding its presence in the Middle East by adding two additional buildings to its growing portfolio in Dubai, United Arab Emirates.

UK Retirement Living Fund buys £55m retirement village in JV

News Story /

UK: The UK Retirement Living Fund [ReLF], managed by Schroders Capital and advised by Octopus Real Estate, has teamed up in a joint venture with Elysian Residences to buy a £55 million site allocated for a new purpose-built retirement village in Royal Tunbridge Wells .

OYO rumoured to be edging towards $1.2bn IPO

News Story /

India: SoftBank-backed hospitality chain OYO is rumoured to be edging towards an initial public offering [IPO] after hiring JP Morgan, Kotak Mahindra Capital and Citi for an initial $1.2 billion share sale.

Expedia releases Q2 trend report for travel recovery

News Story /

Worldwide: Expedia Group Media Solutions, the global travel advertising platform connecting marketers with travellers across the Expedia Group brand, has released its Q2 2021 Travel Recovery Trend Report.

Sonder reports record revenue for Q2

News Story /

US: Next-generation hospitality company Sonder has announced the strongest quarterly revenue in its history in financial results for the three months ending at 30 June 2021.

Casai acquires Brazilian operations of Q Apartments

News Story /

Mexico / Brazil: Mexico City-based short-term rental tech startup Casai is expanding into the corporate serviced apartment industry by acquiring the Brazilian operations of Danish firm Q Apartments.

Sonder launches on GDS to expand into business travel

News Story /

US: Next-generation lodging company Sonder has announced that it has launched on the Global Distribution System [GDS] and that it is now partnered with a number of high-profile travel management companies [TMCs] and consortia, including Egencia and TripActions, among other partners.

Rising Up APAC webinar recordings now live

News Story /

Serviced Apartment News teamed up with AltoVita for a series of of four APAC-focused webinars, discussing various facets of the corporate housing, relocation and accommodation sectors in the region.

AltoVita launches Flexible Rentals Market Survey

News Story /

Worldwide: Cloud-based global accommodation platform AltoVita has launched its Flexible Rentals Market Survey, powered by AltoVita with Serviced Apartment News and ShortTermRentalz, both belonging to the International Hospitality Media [IHM] portfolio.

Expedia releases Q1 trends report

News Story /

US: Expedia Group Media Solutions, the global digital advertising organisation of Expedia Group, has released its first-ever quarterly trend report.

Sonder to go public via SPAC merger worth $2.2bn

News Story /

US: Short-term lodging company Sonder has announced it has entered into a definitive agreement with special purpose acquisition company [SPAC] Gores Metropoulos II, sponsored by an affiliate of The Gores Group, to go public via a merger.

Landing nets $100m in funding for flexible living offerings

News Story /

US: Landing, the company behind the first membership for flexible living, has announced that it has secured $100 million in new funding, made up of a $45 million Series B round led by Foundry Group with participation by Greycroft and Maveron, and a $55 million debt facility.

Airbnb valuation hits $100 billion after IPO

News Story /

US: Airbnb has achieved a post-initial public offering [IPO] valuation of circa US$100 billion, marking a huge rise from the $47 billion at the IPO offering price and the $42 billion figure that was initially forecasted earlier this week.

STAA launches new Trusted Stays scheme for UK key workers

News Story /

UK: The UK Short Term Accommodation Association [STAA] has followed up its successful nationwide “NHS Homes” initiative with the launch of a new scheme, “Trusted Stays”, to offer NHS staff and key government workers discounted safe and clean accommodation near their places of work, to help protect them and their families as the UK’s Covid-19 infection rates rise.

Limehome increases Series A funding round to €31m

News Story /

Germany: Munich-based accommodation startup Limehome, which markets itself as a “digital hotel alternative” has announced it has increased its Series A funding round by a further €10 million, taking the total it has raised so far to €31 million, as well as its expansion into Spain.

STAA signs partnership deal with STR

News Story /

UK: The UK Short Term Accommodation Association [STAA] has announced a new partnership with global research house STR to launch a unique tracking study that will measure the performance of serviced apartments, short-term rental accommodations and hotels, starting with a pilot in London this month.

Operto appoints Steven Davis as new CEO

News Story /

Vancouver: Operto Guest Technologies, an industry leader of Smart Stay technology and smart devices for the serviced apartment, hotel and short-term rental industries, has announced it has appointed Steven Davis as its new CEO.

Domio co-founders resign following Airbnb investigation

News Story /

US: Aparthotel brand Domio cofounders Jay Roberts [CEO] and Adrian Lam [chief strategy officer] have resigned with immediate effect, following an investigation by Airbnb over alleged malpractice and violation of its trust and safety standards.

Anyplace announces partnership with Rentals United

News Story /

US / Spain: Flexible housing marketplace Anyplace has announced a partnership with channel management solution Rentals United, one which they claim is "an industry first" for the mid- and long-term stay marketplace.

Urban Living Festival gets green light for 25-26 November 2020

News Story /

UK: International Hospitality Media [IHM], the leading online publisher and event organiser for the hospitality and real estate sectors, is delighted to confirm that its latest launch – Urban Living Festival: stay • live • work – will go ahead as scheduled on 25-26 November at Tobacco Dock in London.

Airbnb bars Domio accounts over standard violation allegations

News Story /

US: Short-term rental and aparthotel hospitality brand, Domio, has been accused of allegedly violating Airbnb’s trust and safety standards, which have prompted Airbnb to suspend the startup’s host accounts and listings for the foreseeable future.

UK government re-imposes quarantine order for returnees from Spain

News Story /

UK / Spain: The UK Department for Transport [DfT] announced on Saturday that all travellers returning from Spain to the UK would be required to self-isolate in quarantine at home for the following two weeks, a notion which took immediate effect as of midnight on Sunday morning.

Assisted living to return to 'neighbourhood' planning model

News Story /

US: Boston-based The Architectual Team architects Michael Liu and Anthony Vivirito have said they believe assisted living services will return to a 'neighbourhood' planning model as the Covid-19 pandemic impacts the long-term care sector.

Tishman Speyer expands Studio coworking brand

News Story /

US: Commercial real estate company Tishman Speyer has announced it is expanding its coworking brand Studio in two Manhattan locations in order to cater to demand for flexible office space.

SAFFAA launches global accreditation registry

News Story /

Worldwide: Serviced Apartment News has partnered with Serviced Apartment/Accommodation Forum for Assessment and Accreditation (SAFFAA) for the development of a global register of responsible accreditors for serviced apartments and alternative accommodation.

Urban Living webinar: Coliving - fad or phenomenon?

Feature /

In the latest IHM Urban Living webinar, editor-in-chief George Sell hosted a discussion on “Coliving: fad or phenomenon – will coliving stand the test of time?”; a session sponsored by Res:Harmonics.

Expedia set to phase out short-term rental multifamily business

News Story /

US: As Expedia Group strategises its recovery from the standstill in bookings during the Covid-19 pandemic, it is believed to be preparing to phase out its short-term rental multifamily building business, which includes its Expedia Group Multifamily Solutions product.

Stay Alfred to permanently close down

News Story /

US: The founder and CEO of Washington state-based apartment rental startup Stay Alfred, Jordan Allen, has confirmed the business is closing down permanently.

D. Alexander pivots towards mid-term rental operations

News Story /

US: Hospitality company D. Alexander has decided to eliminate all short-term rentals and reinvent its business to mid-term rentals in order to provide people with “safe, clean escapes to heal, rejuvenate, be productive and continue to keep living mindfully”.

Stay Alfred ceases trading

News Story /

US: Serviced Apartment News understands that Washington-state based apartment rental startup Stay Alfred has ceased trading.

Sonder cuts workforce by one third

News Story /

US: San Francisco-based hospitality startup Sonder has announced it has laid off 22 per cent of its workforce and furloughed an additional 11 per cent of its staff as the reality of the coronavirus impact on the travel industry bites hard.

Landing secures $30m in additional funding

News Story /

US: Landing, the company advocating flexible renting membership for long-term living, has secured $30 million in new funding: a $20 million Series A led by Greycroft with participation by Maveron and Abstract Ventures, alongside a $10 million debt facility.

Thank you sponsors