Serviced Apartments in Europe – At the Crossroads Between Niche and Mainstream
During the last 12 months, the serviced apartment sector in Europe gained further momentum with major activity in development, branding and transactions putting the extended-stay market more firmly on the real estate map.
During the last 12 months, the serviced apartment sector in Europe gained further momentum with major activity in development, branding and transactions putting the extended-stay market more firmly on the real estate map. There seems to be a better understanding about the differences in the main underlying business models – aparthotels and corporate housing – which illustrates that the industry is moving ahead. One might think that last year's charter signed by all major operators in the sector has helped to foster more transparency in that respect. However, there are numerous operating properties that show elements of both models and hence do not neatly fall into one the categories and do not make it easy for investors or lenders to fully understand the sector.
