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• Dao by Dorsett is about to open its second London property . Located in Crouch End , the property will comprise approximately 60 keys consisting of studios and one bedroom apartments .
• Flying Butler , soon to be known as Viridian , has opened a new property in Hammersmith . Southerton Mews is a combination of apartments and mews houses , each containing one or two bedrooms .
• Lamington Apartments ’ Room2 will open in Belfast with 175 units , followed by York with 116 apartments
• In the Americas , Hyatt has launched Hyatt Studios which is its first upper mid-scale brand providing accommodation across 100 locations . The first property will open in 2024 .
• TFE Adina Europe has opened 140 new units in Geneva which is a mix of studios , one and two bedroom apartments .
• Barcelona based platform UKIO is expanding across Europe with 48 one , two , and three bedroom apartments in Madrid , 106 of the same in Barcelona , with smaller unit additions in Paris and Lisbon .
• Uma Suites , the serviced apartment brand of Smart Rooms Company , has added to their presence in Madrid and Barcelona with 20 one and two bedroom units in the former and 50 in the latter .
• Cheval Collection has entered the Dubai market with the opening of Cheval Maison The Palm offering 131 apartments which are one , two , and three bedroom units .
A combination of rising awareness of the sector amongst developers and investors , and operators ’ desire to expand into new markets , is fuelling increases in serviced apartment inventory across the globe .
By the end of 2022 , the UK serviced apartment sector was predicted to grow to over 27,000 units , with annual growth forecast at 5.7 %. 19 Looking ahead , external research forecasts that European serviced apartment supply will expand by 21.2 % over the next three years . 20 Expect to see more brands , independent operators and existing players capitalise .
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