Showing Results for tag: properties
Sonder to expand Middle East presence
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.
Hyatt House to make African debut
South Africa: Hyatt House Johannesburg Sandton will be the first property for Hyatt’s extended stay brand in Africa.
Work starts on Best Western hotel with extended stay element
Canada: Construction has started on a $20 million Best Western Plus in St. Stephen, New Brunswick.
Summit Hotel Properties acquires Colorado extended stay hotel
US: Summit Hotel Properties has announced its acquisition of the Residence Inn by Marriott Steamboat Springs.
SOL Properties launches Dubai serviced apartment offer
UAE: SOL Properties has launched its SOL Living dedicated short-term serviced apartment offer.
Hyatt House property opens in Tallahassee
US: The 120-key Hyatt House Tallahassee Capitol – University has opened in Tallahassee’s Railroad Square Art District.
Residence Inn to make Nordic debut with Copenhagen property
Denmark: Marriott International has signed an agreement with Danish hotel operator Core Hospitality to bring the first Residence Inn by Marriott to the Nordics.
Green light for Connecticut extended stay hotel
US: A four storey, 122-key extended stay hotel close to the Central Connecticut State University campus in Newington has been granted planning consent.
Dublin coliving scheme gets green light ahead of ban
Ireland: An Bord Pleanála has granted permission for a seven-storey coliving complex with 378 beds and communal facilities.
Major hotel and serviced apartment redevelopment for Penang property
Malaysia: Ivory Properties Group Bhd has agreed to acquire the Copthorne Orchid Hotel & Resort Penang for RM75 million in cash.
Sonesta completes IHG switch and launches Simply Suites brand
US: Service Properties Trust (SVC) has completed the transition of branding and management for 99 hotels to subsidiaries of Sonesta International Hotels Corporation.
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.
SVC cancels Marriott agreement and boosts Sonesta extended stay portfolio
US: Following a similar situation with IHG in August, Service Properties Trust (also known as SVC) has severed its management agreements with Marriott International across 122 properties.
Hyatt House property under construction in Tallahassee
US: Mountain Shore Properties (MSP), a South Carolina-based developer, is planning to open a new Hyatt House hotel in Tallahassee's Railroad Square Art District.
SPT delays sale of Sonesta extended stay portfolio
US: Service Properties Trust has delayed the sale of 39 extended stay properties managed and branded under its sister company Sonesta.
Investec to fund Brixton flexible workspace redevelopment
UK: Investec Structured Finance has provided a 30-month senior loan for the acquisition and restoration of Shakespeare Business Centre in Brixton, south London
Green light for Glasgow aparthotel
UK: Developer Caledon Properties Ltd has been granted planning permission for a 157-bed aparthotel, public house and retail units in the city’s Trongate area.
Dream Inn boosts portfolio thanks to Expo 2020 demand
UAE: Increasing demand for holiday home rentals has seen Dream Inn increase its property portfolio by 25 per cent.
Cheval Maison property to open in Frankfurt
Cheval Collection has announced it will be opening the first Cheval Maison in continental Europe in Frankfurt, following an agreement signed with SIC Properties GmbH.
Investment firm to spend US$5 billion on Dubai rental units
UAE: UAE-based IBC Group announced plans to spend $5 billion on acquiring 10,000 properties to furnish and manage as holiday homes in Dubai.
US developer and management company form extended stay partnership
US: Mountain Shore Properties (MSP), recently named Developer of the Year by Hyatt, has teamed up with Olympia Hotel Management (OHM).
WoodSpring Suites opens in Naples
US: Choice Hotels and developer Gold Coast Premier Properties have opened the WoodSpring Suites Naples in Florida.
Management team appointed at Residence Inn by Marriott Stamford Downtown
US: Residence Inn by Marriott Stamford Downtown has appointed three executives to lead the city’s first extended stay hotel.
Birmingham city centre aparthotel gets planning consent
UK: Proposals for an aparthotel in Birmingham city centre have been given the green light by planners.
B-aparthotels sells four properties to Belgian REIT
Belgium: B-aparthotels has sold one its entities, BE REAL ESTATE S.A., which owns the freehold interests in four aparthotel buildings in Brussels.
Hilton opens 23 extended stay properties in Q1 2018
US: The All Suites brands by Hilton have opened 23 extended stay hotels in the first quarter of this year.
Furnished Quarters adds six San Francisco properties
US: Operator Furnished Quarters has added six new properties to its San Francisco Bay Area portfolio.
Marriott launches guest programmes for London Residence Inn properties
UK: Marriott is launching a campaign to offer its London Residence Inn guests a programme of events hosted by local influencers.
WoodSpring signs three Washington state properties
US: Extended stay hotel brand WoodSpring Hotels has signed three license agreements with real estate investment company West77 Partners.
Dubai mega-development will feature 3,000 serviced apartments
UAE: Union Properties (UPP) has revealed a new masterplan for its MotorCity development in Dubai.
Vermont Residence Inn property changes hands
US: Norwich Properties has completed the sale of Residence Inn Burlington Colchester.
Upper floors of Bradford landmark set for aparthotel conversion
UK: The former Brown Muff & Co department store in Bradford, once known as ‘the Harrods of the north’, could be playing host to an aparthotel.
Roomzzz parent company secures £40 million funding package with RBS
UK: Parklane Properties, the Leeds-based parent company of Roomzzz aparthotels, has secured a finance package to expand its core brands.
Home2 Suites confirmed for Minnesota site
US: Developer THG Properties has received approval to build a 102-room extended stay hotel in Plymouth, Minnesota.
Partners break ground on Dubai Investment Park serviced apartments
UAE: Schon Properties, a private developer in Dubai, and Dubai Civil Engineering (part of Al Hamad Group of Companies), have broken ground on the iSuites project.
Aqua Properties launches Radisson-branded serviced apartments in Dubai
UAE: Aqua Properties has launched a 29-storey serviced apartment block, called Park Inn by Radisson, at Dubai’s Jumeirah Village Triangle.
US study reveals best places to invest in vacation rental properties
US: Rented.com has published its first Short Term Rental Income Report.
Trio of new London properties for Oakwood Worldwide
UK: Oakwood Worldwide has added three locations to its London serviced apartment portfolio: Canary Wharf, Kensington and Fitzrovia.
Cycas to operate Residence Inn and Moxy properties in Amsterdam
Netherlands: Cycas Hospitality has signed a franchise agreement with Marriott to operate Residence Inn and Moxy branded properties in Houthavens, Amsterdam.
Eton Properties to launch Mini Suites serviced apartment brand in the Philippines
Philippines: Eton Properties has announced the launch of a 368-unit serviced apartment development in Makati.
Frasers to open 49 new properties by 2019
Singapore: Frasers Hospitality says it is on track to meet its global target of 30,000 units with 49 property openings across Asia, Europe, Middle East and Africa by 2019.
B-aparthotels to launch two Netherlands properties in 2016
Netherlands: Brussels-based operator B-aparthotels will add developments in The Hague and Amsterdam to its portfolio in 2016.
Ascott adds four Chinese properties
China: Ascott has signed contracts for four properties in top-tier Chinese cities, with a combined total of 583 units.
Burnhaven Properties opens Peterhead serviced apartments
UK: Aberdeenshire property company Burnhaven Properties has opened 10 serviced apartments in Peterhead’s old print works building.
Swire Properties launches Taikoo Place Apartments in Hong Kong
China: Swire Properties has begun pre-leasing for its Taikoo Place Apartments development, prior to the official opening in August 2015.
Quest sells off two properties to focus on franchise expansion
Australia: Quest Serviced Apartments has sold off two developments for a combined AUS$26.5 million.
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).
Marriott reveals plans for Residence Inn properties in Saudi Arabia and Kuwait
MENA: Marriott International says it plans to open two new Residence Inn properties in Kuwait and Saudi Arabia
Citadines welcomes pets at its London properties
UK: Ascott's Citadines brand has announced it will welcome guests' pets at its five London Apart-hotels properties.
Best Western resurrects plans for extended-stay properties
US: Best Western International has revised its plan to enter the extended-stay hotel market, revealing a new concept for the sector.
