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25. Mapletree Acquires Oakwood Worldwide
Mapletree Investments, a Singapore-based real estate development, investment and capital management company, has acquired Oakwood Worldwide, a provider of corporate housing and serviced apartment solutions. The acquisition covers all of Oakwood’s global operations.
26. Emirates Hotels & Resorts opens Green Lakes Serviced Apartments in Dubai
Emirates Hotels & Resorts opens Green Lakes Serviced Apartments in Dubai. According to DTCM the number of serviced apartment guests rose by 11% in 2007 and stays averaged at 4.29 nights. Dubai’s deluxe serviced apartments had an average occupancy of 81% last year. Over 200,000 visitors from the European Union utilised luxury serviced apartments last year, led by the United Kingdom
27. Ascott Expands Partnership with Alitrip
Ascott has partnered Chinese e-commerce giant the Alibaba Group to make its global network of serviced residences available to over 100 million Chinese travellers currently served by Alitrip, an online travel service platform. Ascott already has 24 of its China properties with 4,300 apartment units available for booking by Alitrip users through a directly operated online flagship s
28. AccorHotels Expands Sebel Portfolio with New Property in Perth, Australia
AccorHotels has expanded its portfolio of Sebel hotels in Australia following an agreement with Singapore-based ZACD Group Ltd. The Sebel West Perth Aire Apartments, which officially joined AccorHotels’ network on Monday, adds 64 new studio apartment style rooms to Perth’s resurging accommodation market.
29. Cairns, North Queensland to get new 5-star Sofitel hotel
Accor is to expand its prestige Sofitel brand with a new luxury apartment hotel in Palm Cove, the premier tourist area in the Cairns region of North Queensland.
30. Ascott Signs Two New Properties in Jeddah
Ascott has expanded the global portfolio of its Citadines brand with two new properties in Saudi Arabia. The 166-unit Citadines Tahlia Jeddah and the 136-unit Citadines Al Salamah Jeddah are expected to open in Q1 2014. The addition of the two new serviced residences will increase Ascott’s portfolio in the region to more than 1,500 serviced apartment units across nine properties in
31. Ascott Signs Seven New Management Contracts
Ascott has signed seven new management contracts, adding over 1,500 apartment units to its portfolio. The deals are for properties in Bangkok in Thailand, Hanoi in Vietnam, and Petaling Jaya in Malaysia while venturing into Bandung in Indonesia, Penang and Shah Alam in Malaysia, and Nha Trang in Vietnam as demand for serviced residences heats up. The company has also celebrated the
32. Accor Signs World's First Novotel Living and Pullman Living Apartments
Accor has partnered with PTC Holdings to develop the first Pullman Living Manila and Novotel Living Manila standalone apartments in the world. Located within the central business district of Makati in Philippines, the two apartment complexes are a short walk to the high end district of Ayala Avenue and Greenbelt shopping mall.

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