Lean operations draw investors to serviced apartments

Melvin Gold

The ability of serviced apartments and extended stay to breakeven at 20% made them more attractive to investors and developers, according to a session at the recent AHC Reimagined.

The pandemic had seen many more sites in the segment stay open than traditional hotels, in part because of their ability to accommodate social distancing.

George Sell, editor-in-chief, International Hospitality Media, who was chairing the debate, said: “You can be viable at 20% occupancy with leaner operation

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