Subject: Friend, former Prezzo CFO joins Staycity, Kiev to get first branded aparthotel, MainSail extends Oakwood franchise agreement and more

 Newsletter December 7: a growing attraction
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Accor to open first internationally
branded aparthotel in Kiev

Ukraine: Colliers International is in talks with AccorHotels regarding management of the first premium aparthotel in Kiev, which is set to open in 2020. Read more...


Cheval announces brand expansion


UK: Luxury serviced apartment operator Cheval has announced the launch of Cheval Collection.



ASAP and CHPA to launch global trade body alliance


UK/US: The Association of Serviced Apartment Providers and the Corporate Housing Providers Association are joining forces to create an alliance of likeminded trade bodies.



Forenom converts 18th century building in to Stockholm serviced apartments

Sweden: Forenom has continued its expansion in Sweden with the opening of a new apartment building in Norrmalm, Stockholm.



Staycity appoints Wayne Arthur as CFO


Ireland: Staycity Group has former Prezzo CFO Wayne Arthur as chief financial officer.




US: Mainsail Lodging & Development is expanding its franchise agreement with Oakwood to exclusively manage the Georgia and Tennessee markets.



Pan Pacific signs first Parkroyal serviced apartments in Bangkok

Thailand: Pan Pacific Hotels Group has signed its first PARKROYAL Serviced Suites in Bangkok, with developer Phachara Suites.




A growing attraction

• It’s great to see top talent from hospitality and other industries looking to contribute their knowledge and expertise - in recent weeks we’ve covered the moves of senior hotel industry figures across to prominent roles at SACO and Ascott, and this week there is another clear indication that serviced apartments have well and truly entered the mainstream.

Staycity’s appointment of former Prezzo CFO Wayne Arthur as chief financial officer is a significant one - Prezzo, like Staycity, has experienced rapid growth. Founded in 2004, it now has more than 180 restaurants across the UK, and launched in Ireland in 2016. Arthur’s experience of speedy expansion will be valuable, as will the hospitality knowledge gained in another former role, at Premier Inn. Here he held a number of positions including financial controller, head of trading - responsible for revenue management and pricing, strategic planning director, and three years as finance director for the UK business.

The influx of big hitters is only going to increase as the sector grows and I think we will see significant M&A activity over the next couple of years, with serviced apartments becoming a very attractive sector to work in.

George Sell, editor, Serviced Apartment News

Bedding companies reveal latest product innovations

Leading companies in the bedding industry speak to SAN about the latest product innovations in the market.


Serviced apartments: the investment angle


Simon Behr, director of sales at German developer GBI AG, looks at how serviced apartments have become a preferred type of investment and what makes them so attractive.





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