The lie of the land: Serviced Apartment News operator survey
Global: Serviced Apartment News polled 36 operators of varying size from around the world to see how they were coping with the coronavirus pandemic and its impact on business, as well as asking them for any ideas, tips or strategies which are helping them in the current situation.
Cytonn introduces virtual tours for Kenya serviced apartment investors
Kenya: Cytonn Investments is inviting potential investors in its serviced apartment developments to virtually tour the project while gatherings are banned in the country due to COVID-19.
Wealth Hospitality Group acquires Tennessee Residence Inn property
US: Wealth Hospitality Group, a new company formed by a merger of Fusion Hospitality and Heritage Hospitality Group, has acquired the Residence Inn in Jackson, Tennessee.
Ascott to open Somerset property in Bangkok
Thailand: Ascott has announced plans to open a 445-unit Somerset property in in Ratchadapisek-Rama 9, the new Central Business District of Bangkok.
CapitaLand appoints Goh as CEO, Lodging
Singapore: CapitaLand Group has appointed Ascott CEO Kevin Goh as CEO, Lodging.
BridgeStreet branded properties in the US to close
US: BridgeStreet is closing properties it operates under its own brand in the US due to the impact of the Coronavirus.
Oakwood opens third Jakarta property
Indonesia: Oakwood has opened Oakwood Apartments PIK Jakarta, its third property in the city.
Red Roof offers day rates to remote workers
US: Red Roof, which operates the HomeTowne Studios brand, is introducing day rates for remote workers in response to pandemic-enforced changes to the working environment.
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