Showing Results for tag: sale
Singapore serviced apartments placed on the market
Singapore: The Metropolitan YMCA Residences on Stevens Road are for sale for SGD$57 million (£30 million).
The Collective appoints bank to explore sale options
UK: Coliving developer and operator The Collective is considering a full or partial sale of the business.
Extended Stay America sale gets the green light
US: Blackstone and Starwood Capital Group’s $6.3 billion acquisition of Extended Stay America has been approved by shareholders.
Hilco to sell Indiana Towneplace Suites property
US: Hilco Real Estate LLC announces the bid deadline of June 16 for a three-storey, 88-key TownePlace Suites by Marriott in Vincennes, Indiana.
ESA comes out fighting against shareholder sale objections
US: Extended Stay America has written to shareholders, addressing what it calls "misleading and highly flawed arguments" against the sale of the company.
Historic Glasgow building with serviced apartment consent up for sale
UK: The Teachers Building on Glasgow's St Enoch Square is for sale with a guide Bruce of £1.35 million.
Two ESA directors are against $6 billion sale to Starwood Capital and Blackstone
US: Two directors of Extended Stay America's real estate trust board are against the company's proposed sale, according to an SEC filing.
Safestay to sell Edinburgh hostel to a&o
UK: Hostel operator Safestay has entered into conditional sale and purchase agreements to sell its Edinburgh Hostel to a&o Hotels and Hostels.
Former Gateshead police station with aparthotel consent up for sale
UK: The former Felling police station on Sunderland Road, Gateshead, is on the market with an asking price of £500,000.
Shareholder opposition to ESA sale grows
US: Several major shareholders in Extended Stay America have expressed their opposition to the proposed sale of the company to a Starwood Capital/Blackstone JV.
Liverpool aparthotel placed on the market
UK: Slater Street Apartments, an aparthotel in Liverpool city centre, has been brought to the market with an asking price of £1.5 million for the freehold going concern.
Ascott Residence Trust to sell Somerset Xu Hui Shanghai for £154 million
China: Ascott Residence Trust (ART) has agreed to sell Somerset Xu Hui Shanghai for 1.05 billion yuan (£154 million) to an unrelated third party.
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.
BridgeStreet owed creditors nearly $90 million when filing for US bankruptcy
US: HCB (2020) LLC, which was formerly known as BridgeStreet, owed nearly $90 million, before it filed for US bankruptcy late last year.
BridgeStreet's agency business acquired by National Corporate Housing
US: National Corporate Housing has acquired BridgeStreet’s agency business in the EMEA and APAC regions.
ESA sells California property
US: Extended Stay America has sold an extended stay hotel in Milpitas, California, for $65 million.
Clarendon puts London apartments up for sale
UK: Clarendon Apartments has appointed Savills to sell 140 Minories, a 14-key serviced apartment freehold property in the City of London.
Home Invest Belgium completes acquisition and leaseback of Brussels apartments
Belgium: Home Invest Belgium has completed the acquisition of BE REAL ESTATE, the owner of four aparthotel buildings in the centre of Brussels.
Oakwood Premier OUE Singapore sold for S$289 million
Singapore: Developer OUE Limited has signed agreements to sell Oakwood Premier OUE Singapore, its luxury serviced residences and hotel business on Shenton Way, for S$289 million (£167 million).
Newton Lodge back on the market for S$44 million
Singapore: Newton Lodge, an apartment development near Novena MRT station, is making a second attempt at a collective sale.
Melbourne serviced apartments put up for sale
Australia: The Oaks on Lonsdale serviced apartments complex in Melbourne is to be offered for sale via an international expressions of interest campaign.
