Award winning Cycas Hospitality has joined The Association of Serviced Apartment Providers(ASAP) - a not for
profit trade body dedicated exclusively to championing the servicedapartment sector of the hospitality
industry. Cycas Hospitality is a hotel management company specialising in extended-stay hotels in theUK and
Europe. The company recently announced its contract with Starwood Capital Groupto manage Starwood's
four extended-stay apart-hotels in London, making Cycas the secondlargest operator of serviced
apartment/apart-hotels in London. John Wagner, Director of Cycas Hospitality, comments, "ASAP's aim is to
build trust forclients by setting a benchmark for the industry and with our growing portfolio it's the righttime
for Cycas to collaborate with this mission. The sector is expected to double in size inthe next two years (ASAP
and Savills, December 2015) and it is vital we all work together tobuild the credibility and recognition for
serviced apartment/extended-stay hotels for thebenefit of our customers." James Foice, Chief Executive of
the ASAP comments: "I am absolutely thrilled to welcomeCycas Hospitality into membership of the ASAP. As
such a key influential operator in theextended stay hotel sector, it's fantastic they are now part of our
Association. They join usat a time of exceptional growth, with a new property set to open in Manchester next
yearand a very exciting future pipeline both in the UK and Europe. We very much look forwardto building a
strong partnership with them as such a major player in our industry." Founded by John Wagner and Eduard
Elias, Cycas Hospitality combines first-handexperience of hotel management with added expertise in real
estate investment anddevelopment. Cycas Hospitality has been active in the UK since 2008 when it
spearheaded the launch ofthe extended-stay hotel sector into Europe for IHG. Today the company manages
Staybridge Suites Hotels in Newcastle, Liverpool, VauxhallLondon, London Stratford City and the Holiday Inn
in Stratford City London and is workingon the dual branded Crowne Plaza/Staybridge Suites in Manchester.
The company is alsoworking closely with Marriott to grow its extended stay brand with a Moxy/Residence Inn
inthe Houthaven's area of Amsterdam, set to be the first extended stay concept for TheNetherlands.
Founded in 2002, ASAP currently has 160 active members - serviced apartment operatorsand agencies -
responsible for operating over 100,000 serviced apartments globally.