Aparthotel

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Inner Circle

Thoughts, Views and Opportunities: The Hotel Market in Lockdown 2.0

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Extended Stay – Flavour of the Lockdown

The Latest

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    Investment

    Staycity completes refinancing

    Staycity Group has announced the conclusion of a €70m debt and equity refinancing, including a new €33m loan from OakNorth.
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    Video - In Focus

    In Focus with Robert Alley

    Robert Alley, COO at Roomzzz Aparthotels joined Katherine Doggrell last week to discuss how the pandemic has affected their organisation and expansion plans.  An example of a company who have managed to retain some healthy occupancy levels and perhaps a bright spot during the difficult results season we are hearing about elsewhere. Roomzzz supported the NHS initiative during the height of the pandemic and went after the the extended stay side of their business. "The beauty of aparthotels is that we could do something that hotels couldn't, offer a solution which people still needed" averaging a 70% - 75% occupancy through lockdown and sustained these numbers ever since.  Robert foresees the extended stay sector to remain strong despite the loss of the leisure market due to lockdown restrictions.  The lease structure is something they have discussed with their landlord through open dialogue however he describes the need for a convergence of healthy lease models such as hybrid leases that work for all stakeholders. If you missed our weekly In Focus episode, catch up here now. 
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    Development

    Rooms, apartment hybrid for London

    Outernet Global and Consolidated Developments are to open Chateau Denmark, a mix of apartments and bedrooms, in London next summer.
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    Development

    Locke targets Europe

    Locke has announced that its first international sites will open over the next two years, in Germany, Ireland and Portugal.
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    Development

    room2 hometels signs in Belfast

    Oakland Holdings has confirmed room2 hometels, backed by the Lamington Group, have signed an agreement for lease of a new 175-unit aparthotel to be built in Belfast City Centre.