Showing Results for tag: Investment
KSL enters extended stay sector
US: Private equity firm KSL Capital Partners has launched Mission Hill Hospitality, a portfolio company created to acquire select service and extended stay hotels.
QIP completes fund raise for Chicago coliving project
US: Q Investment Partners (QIP), a Singapore-based private equity real estate firm, has completed an equity funding round for the development of a US$100 million coliving project in Chicago.
Union Investment acquires €60 million London aparthotel
UK: German fund manager Union Investment has acquired a Wilde by Staycity aparthotel which is currently under construction on London's Commercial Road.
Europa Capital to enter senior living market through hospital renovation
Denmark: Europa Capital has announced its plan for a joint venture to transform a former hospital building into a later living housing development.
WINK Aparthotels to manage Stellenbosch apartments
South Africa: WINK Aparthotels will take over management of Quivertree Stellenbosch on August 1st.
MGT buys Battersea Power Station BTR units
UK: MGT Investment Management has agreed to acquire 92 apartments within Battersea Power Station’s Electric Boulevard.
CBRE takes majority share in US coworking company
US: CBRE has become the majority shareholder of New York coworking company Industrious, buying a 35 per cent stake in a $200 million (£142 million) deal.
Barings makes move in to PBSA market
UK: Barings has made its first European PBSA investment in a £43.8 million deal to forward fund the development assets in London and Manchester.
Gravity raises $1.4 million for coliving expansion
UK: London-based coliving start-up Gravity has raised $1.4 million to fund its growth plans.
Aberdeen and room2 sign sale and leaseback deal for Southampton hometel
UK: room2 has completed the sale and leaseback of its flagship Southampton property, to a fund managed by Aberdeen Standard Investments (ASI), the UK’s largest active asset manager.
UK hotel investment declines 70 per cent in 2020
UK: Knight Frank’s Hotel Transaction Trends 2021 research reveals that investment volumes in 2020 reached £1.8 billion in the United Kingdom compared to £6 billion in 2019, with 81 per cent of the transaction volume occurring in quarter one.
Supercity's Roger Walters on new investment and doubling the company's portfolio
UK: Supercity Aparthotels founder and chairman Roger Walters spoke to SAN about how a recent £10 million investment in the company will help it to double its portfolio by 2025.
Supercity secures investment to grow portfolio
UK: Supercity Aparthotels has secured £10 million equity to grow its portfolio of serviced apartment hotels.
Sandpiper to manage North Carolina extended stayhotel
US: Sandpiper Hospitality has signed a third party management contract with Liberty Investment Properties, Inc. for WoodSpring Suites Charlotte – University Research Park.
Irish state fund to take stake in Staycity as part of refinancing plan
Ireland: The Ireland Strategic Investment Fund (ISIF) is to take a stake in Staycity as a part of €70 million refinancing package.
The start-up diaries volume 1: From zero to zero
Each month "JJ", SAN's very own secret hotelier, brings us the ups and downs he encounters in his most ambitious challenge to date, the launch of a new aparthotel brand.
Serviced apartments are preferred option for European hospitality investors
UK: Serviced apartments have overtaken hotels to become the most attractive hospitality asset class to European investors for 2021, driven by positive demand fundamentals and leaner costs, according to a report from Deloitte.
Investors expected to ramp up allocation to real estate assets
Global: Research from Aviva Investors shows that global institutional investors plan to increase their allocation to real assets, and particularly real estate assets.
Brookfield raises £1 billion European property war chest
UK: Brookfield has raised £1 billion (€1.14 billion) for its latest property fund, which will buy assets across Europe’s biggest markets.
Kasa Living raises $30 million in Series B round
US: Kasa Living has raised $30 million in Series B funding led by Ribbit Capital.
Nuveen to invest $400 million in residential rental platfom Sparrow
US: Nuveen Real Estate will invest up to $400 million through Sparrow, a newly launched vertically-integrated single-family home rental platform.
South African investment company launches aparthotel brand
South Africa: Flyt Property Investment has launched the WINK Aparthotels brand.
City ID bags €500 million war chest in APG and Aware Super deal
Netherlands: APG and Aware Super will fund the growth of Amsterdam-based aparthotel operator City ID to the tune of €500 million over the next four years.
"The worst is over" says Brookfield as it prepares for spending spree
Canada: Brookfield Asset Management raised a record US$23 billion during the second quarter and expects to accelerate the pace of investments after the disruption caused by Covid-19.
$1 billion injection for WeWork as membership declines
US: SoftBank is injecting a further $1.1 billion into WeWork as it battles declining membership amid the pandemic.
UK senior living sector to grow 10 per cent by 2025
UK: Research from Knight Frank says the UK’s senior living sector is expected to grow 10 per cent over the next five years.
Jurny announces domestic and international expansion
US: Apartment provider Jurny has announced its expansion in the US, as well as the addition of units in London and Tel Aviv.
Nuveen acquires Copenhagen PBSA project
Denmark: Nuveen Real Estate's €2 billion European Cities fund has made a €100 million forward commitment to acquire a student accommodation development in Copenhagen.
Zolostays closes $56 million funding round
India: Bengaluru-based coliving startup Zolostays has raised US$56 million in Series C funding round led by Investcorp, Nexus Ventures Partners, Mirae Assets, Trifecta Capital and others.
WeWork to invest $100 million in Indian division
India: WeWork India is set to raise US$100 million from WeWork Global to invest in the sustainable growth of its business.
Stanza Living outlines coliving expansion plans
India: Stanza Living will invest Rs 400 crore (around US$50 million) over the next two years on expansion.
European real estate investment to halve before rebounding sharply
UK: Forecasts from Savills predict that European real estate investment activity is set to fall by 50 per cent before rebounding sharply within the next year.
Investing in the future, today
Andrew Harrington of AHV Associates looks at the potential effects of the Covid-19 pandemic on the hospitality investment landscape.
Zeus Living raises $15 million to fight COVID-19 impact
US: Furnished apartment provider Zeus Living has raised about $15 million in equity and debt.
Noli Studios parent secures investment from Novo Holdings
Denmark: NREP, the owner of the Noli Studios serviced apartment brand, has welcomed Novo Holdings as a minority shareholder.
IHM launches Urban Living webinar series
UK: International Hospitality Media (IHM), the publisher of SAN, has announced the launch of a webinar series in the run up to the URBAN LIVING FESTIVAL 2020: stay-live-work
CDL buys majority stake in Sincere Property Group
Singapore: City Development Limited (CDL) has entered into agreements to acquire a 51 per cent stake in Sincere property Group for RMB4.39 billion.
Frontdesk secures $6.8 million in Series A round
US: Apartment rental company Frontdesk has secured $6.8 million in a Series A round in a combination of debt and equity.
San Francisco coliving firm raises $30 million
US: Starcity, a San Francisco-based coliving company, has raised $30 million in a Series B funding round.
ESA promotes Bikulege to chief investment officer
US: Extended Stay America (ESA) has promoted Judi Bikulege to chief investment officer.
LifeX bags €7.5 million seed round
Denmark: Copenhagen co-living operator LifeX has secured €7.5 million in a seed round led by Cherry Ventures and Founders.
Investment firms partner to boost Stayery roll out across Germany
Germany: A fund managed by CBRE Global Investors and CR Investment Management are to develop Stayery-branded serviced apartments.
Terra Capital provides seed funding for Flat Monthly
Singapore: Terra Capital has made a seed investment into Singapore-headquartered online property rental marketplace Flat Monthly.
US pension fund buys Hong Kong serviced apartments
Hong Kong: Crane Capital has bought a serviced apartment block at 111 High Street in Hong Kong for HK$420 million ($54 million).
Duffel secures $21.5m Series A funding
UK: London-based travel startup Duffel has raised $21.5 million in Series A funding from Benchmark.
Fortino Capital Partners takes majority stake in Maxxton
Netherlands: Fortino Capital Partners has invested software provider Maxxton, becoming the majority shareholder in the company.
Ascott parent launches real estate fund
Singapore: CapitaLand Limited has set up its first discretionary real estate equity fund – CapitaLand Asia Partners I (CAP I).
Sycamore to start work on Florida extended stay hotel
US: Sycamore Investment Group is about to begin construction on a Home2 Suites by Hilton in Viera, Florida.
Planning application submitted for Wilde aparthotel in York
UK: Staycity has submitted plans for a £35 million 152-key scheme in York city centre.
TownePlace Suites opens in downtown Salt Lake City
US: A 95-key TownePlace Suites by Marriott has opened in downtown Salt Lake City.
