serviced apartments
Radisson RED Hotel & Radisson RED Apartments Krakow Opens in Poland
RADISSON HOTEL GROUP | July 23, 2024
Radisson RED Hotel & Radisson RED Apartments Krakow offers lifestyle hotel experiences with bold design and modern amenities. The property features 229 rooms, along with 46 extended-stay apartments located in a separate building. The main building offers a wide selection of rooms and suites, including superior rooms with a terrace overlooking the University of Economics campus, in addition to corner and junior suites, and a presidential suite. In the separate apartment building, apartments ranging from 27 to 92 square meters will be available, with the largest two-bedroom apartment accommodating up to four adults.. All apartments, except...
Bob W Forms £400M Joint Venture With OCIM To Convert Hotels and Offices Into Serviced Apartments
Bob W | July 19, 2024
Major joint venture established to raise capital for the acquisition and conversion of obsolete assets into serviced apartments Joint venture is targeting a GDV in excess of £400 million for initial development pipeline Partnership is targeting UK and key European markets to deliver up to 2,000 apartments exclusively for Bob W brand Comes amid growing demand for more flexible, high-quality accommodation options LONDON 19 July 2024 – A new joint venture between Bob W, the tech-powered hospitality operator, and Osborne+Co Investment Management (OCIM), the in-house investment management arm of global build-to-suit developer a...
Bob W Strengthens London Presence With Three New Openings
Bob W | May 22, 2024
Helsinki, 22 May – Bob W, the tech-powered hospitality operator, is expanding its London presence in the serviced apartment space with three new openings, taking the brand’s total number of properties in the capital to 13. The new Bob W Tower Hill Residences, Bob W Olympia and Bob W Holland Park add a further 20,000 sq ft of high-quality serviced apartment space to the company’s portfolio. This expansion closely follows the opening of Bob W St Paul’s in March, marking the launch of four Bob W properties in London in less than two months. The new properties include a variety of fully-serviced studio, one-, two- and three-b...
ONYX Hospitality Group Expands Shama Portfolio With Signing of Shama Rayong
ONYX Hospitality Group | April 3, 2024
London - 3 April 2024 - ONYX Hospitality Group, the leading hospitality management company, is delighted to announce the expansion of its renowned Shama brand with the launch of Shama Rayong, capitalising on the demand for serviced apartments. The signing ceremony took place on 1st April 2024 at Amari Bangkok, with the new property expected to welcome its first guests from Q1 2026. Shama Rayong marks a significant milestone for the brand and expanding its footprint in Thailand. The company recognises the increasing demand for serviced apartments, particularly in the post-pandemic era, and is confident that this new addition will be a w...
Serviced Apartments: Top Trends to Watch This Year
Eva Lacalle | July 24, 2023
By Eva Lacalle Marked by changing traveling patterns and blurred lines between working and living, the new era of hospitality shows no signs of slowing down. From bleisure travel to slomads, serviced apartments have a perfect opportunity to grab the spotlight – and some extra revenue. The trick is to stay on top of trends and implement them before your competitors do. Top 6 serviced apartment trends We'll explore the most relevant trends for serviced apartments – sustainability, multi-functional spaces, the rise of new target clients, extended stays, and much more. Keep reading to discover them all. 1. Sustainability Sustainabil...
Marriott Introduces Apartments by Marriott Bonvoy, Responding to Growing Consumer Demand as Travelers Increasingly Blend Work and Leisure
Marriott International, Inc. | November 10, 2022
Marriott International, Inc., today announced its expansion into apartment-style accommodations with the launch of Apartments by Marriott BonvoyTM. The company is seizing upon growing consumer interest among families and friends seeking more space for stays, propelled by the blending of work and leisure travel, and the desire among younger travelers for wider accommodations options. Marriott is building upon its 26 years of experience with Marriott Executive Apartments, its serviced-apartment brand in Asia, Europe, Middle East, Africa, and Latin America. With the introduction of Apartments by Marriott Bonvoy, the company expects it will en...
Serviced Apartment Operators Demonstrate Versatility and Innovation Which Is Driving Success
HVS | March 31, 2022
London - March 31, 2022 - The versatility of serviced apartments and the willingness of operators to embrace new concepts are two of the key factors driving the sector’s on-going success, with new brands emerging that focus on co-living and the combination of work and home. Launching its annual Service Apartment Sector in Europe report this week, global hotel consultancy HVS highlights the fact the sector is still very much in a period of expansion, with over 13,000 units expected to open in Europe over the next four years. In addition, operators have been quick to respond to changes in the way people travel and the blending of hom...
GCC Hotel Development Cost Trends
HVS | October 11, 2018
Analyzing historical trends, the key reason behind escalating costs per key continues to be low in efficiency and utilization of space. Price per sqm of total built up area remains largely the same and therefore it is crucial that any design optimizes the turnover per sqm of built areas. HVS provides an indicative reasonable range of BUA per asset type. Hotel Development Cost Source: HVS Research With the exception of Budget & Midscale Hotels which focus on efficient & flexible design, development cost per key for all other hotel classes have increased between 10%-20% since 2013, resulting in lower project returns. We consider ...
