The trend for branded residences is continuing to accelerate, as investors spot the value in selling apartments off plan, boosted by brand association. Hotel brand groups are broadening their base of branded residences, expanding their market presence from pure luxury to other brands lower down their portfolio. And they are now being challenged by other […]
The serviced apartment sector has reportedly seen optimism reach its highest level since the onset of the pandemic, according to the latest Association of Serviced Apartment Providers (ASAP)/Savills sentiment survey. The survey, which predicts recovery within six to 18 months, said 87.3% of respondents were “slightly or significantly more optimistic” about their business outlook over […]
Serviced apartment developer Lamington Group has agreed an institutional sale and leaseback for its Southampton Room2 site, in a move that puts down a marker for the growing sector.