Apartments in demand
London’s serviced apartment market has seen a surge in developer and investor interest since the 2012 Olympics. Occupancy is around 85%, ahead of the capital’s hotels at 81%, report Jones Lang LaSalle.
Flash sales disappoint
Hotel sales through flash and private sale websites rarely deliver advertised discounts. And the majority of hotels that try them use the sales channel only once, according to a survey reported by Tnooz.
Choice Hotels has signed two more UK hotels to its portfolio. A 42 bed Premier Inn in north Manchester becomes a Comfort Inn, while a south west London hotel has joined the Clarion Collection.
Host CEO sells
The chief executive of Host Hotels has sold USD1.8m of shares in the company. The sale by Ed Walter represents a liquidation of around 20% of his holding, according to Ticker Report.
Accor in Myanmar
Accor has signed to add a second trio of hotels in Myanmar. A deal with partner Myat Min will see Novotel, Pullman and Sebel hotels added to the pipeline, reports Travel Daily Asia.