Showing Results for tag: Investment
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.
Noble appoints Emily Feeney as manager of capital markets and investments
US: Atlanta-based Noble Investment Group has announced the appointment of Emily Feeney as manager of capital markets and investments.
Denver Residence Inn changes hands
US: Orlando-based Xenia Hotels & Resorts Inc. has sold the Residence Inn by Marriott Denver City Center for $92 million.
Property entrepreneur takes five per cent stake in Staycity
Ireland: Property entrepreneur Stephen Vernon’s John Pollard Foundation has acquired a five per cent shareholding in Dublin-based operator Staycity.
Union Investment buys US dual branded property
US: German investor Union Investment has acquired a dual branded Hyatt property in Charleston, South Carolina.
Domicile raises $5 million in funding round
US: Seattle-based corporate apartment rental startup Domicile has secured $5 million investment.
Noble buys NJ Residence Inn property
US: Noble Investment Group has acquired the Residence Inn by Marriott Secaucus Meadowlands.
National Corporate Housing acquires stake in West London Apartments
UK: US provider National Corporate Housing has acquired an interest in London operator West London Apartments.
90 North buys Quest aparthotel in Brisbane
Australia: London investment firm 90 North Real Estate Partners has made its first move into Australia with the acquisition of a Quest Apartment Hotel in Brisbane.
Tampa Residence Inn property changes ownership
US: Noble Investment Group has acquired the Residence Inn by Marriott Tampa Downtown for an undisclosed sum.
Chinese rental start up secures $620 million funding
China: Rental start-up Ziroom has secured $620 million of investment led by private equity firm Warburg Pincus.
Investment boost for Criton Apps
UK: Traveltech start-up Criton Apps has secured a £5 million funding boost from a private investor.
Thai family office takes one-third stake in Cycas Hospitality
Netherlands: Extended stay owner/operator Cycas Hospitality has secured a significant investment from Hua Kee, a Thai family office.
McLean Staybridge Suites property changes hands
US: Noble Investment Group has acquired the Staybridge Suites Tysons-McLean for an undisclosed sum.
Noble buys South Carolina Home2 Suites property
US: Noble Investment Group has announced the acquisition of the Home2 Suites by Hilton Rock Hill Charlotte.
Luxembourg fund manager launches serviced apartment war chest
Luxembourg: Corestate Capital Holding, a real estate investment manager and co-investor, is structuring a serviced apartment fund with a target volume of at least €200 million
Hyatt takes stake in vacation rental platform Oasis
US: Hotel group Hyatt has taken a minority investment in short-term rental platform Oasis.
Dutch tech startup launches to market
Netherlands: 4Suites, a mobile access tech startup that combines a mobile app, lock hardware chips and SaaS has launched to market.
US serviced apartment and extended stay sector broadly optimistic despite economic challenges
US: An industry sentiment survey compiled ahead of the 2017 Serviced Apartment Summit Americas has revealed a broadly positive picture of the sector’s position.
Chinese investors buy Melbourne serviced apartment building
Australia: A serviced apartment building in the Melbourne suburb of Hawthorn has sold for $AUS15 million to a first-time Chinese investor.
Investors take controlling share in YouRent
US: An investor group has taken a controlling share in Miami-based short-term rental provider YouRent.
KeyNest closes investment round with angel investors
KeyNest, a network of key exchange points for serviced accommodation providers and users, has closed its first investment round from a group of angel investors.
Further Japanese investment in Vietnam’s serviced apartment sector
Vietnam: Real estate investment fund Indochina Capital and Japanese developer Kajima Corporation have established a $1 billion JV named Indochina Kajima Development.
Henley Investments is expanding into the US
UK private equity real estate investor, Henley Investments is expanding into the United States
Dubai Investment Park to gain eight new hotels and serviced apartment projects
UAE: Eight new hotels and serviced apartment buildings will be built over the next five years within Dubai Investments Park [DIP].
Union Properties to open serviced apartments and boutique hotel in Dubai Investment Park
UAE: Union Properties (UP), a Dubai developer, is set to launch a four-star boutique hotel and 50 serviced apartments in Dubai Investment Park (DIP).
Savills predicts major growth in UK serviced apartment investment
UK: Savills’ UK Serviced Apartment Report 2013 forecasts a “significant expansion in the sector over the next five years”.
