Hotels in the New World:
CBRE Hotels will be hosting a hotel market webinar this month with key speakers Bob East chair of Tourism Australia, Simon McGrath COO of Accor and hotelier Jerry Schwartz. The webinar is designed to provide an insight about what the road ahead looks like for the hotel sector.
Service Apartments the New Norm
Service Apartments have done very well and are continuing to do very well. With what is happening due to Covid-19 the model is becoming more attractive as people are looking for longer stays, more privacy and no public spaces. Investors have already started to turn to longer-stay offerings with both Blackstone and Starwood Capital buying into Extended Stay America. The Serviced apartments are an interesting category, the model is a hybrid between residential and hotels and