1-2 July 2020 7/1/2020 9:00:00 AM 7/2/2020 6:00:00 PM Europe/London

ULF

The leading industry news resource; industry awards and international b2b conference and exhibitions for the sector Unit 1, Canada Water Retail Park, Surrey Quays Rd SE16 2XU International Hospitality Media info@internationalhospitality.media
Tobacco Dock, Tobacco Quay, Wapping Lane, London, E1W 2SF Tobacco Dock, London

Adagio to double portfolio by 2023

France: Aparthotels Adagio plans to double its portfolio to 220 properties worldwide by 2023.

The brand currently has 105 aparthotels, and will reach 116 by the end of this year. Its portfolio totals more than 13,000 keys in 12 countries across Europe, Latin America, the Middle East and Russia.

UK locations include Liverpool, Birmingham and Edinburgh. The first Adagio Aparthotel opened in London's Brentford earlier this year, and it is set to launch a property in Leicester.

The brand also recently opened properties in France and Casablanca, Morocco. This summer will see two further openings in Paris and one in Jeddah, Saudi Arabia. Properties signed and under construction include Brussels, Kiel, London, Suresnes, Zurich, Glasgow, Dubai, Freigburg, Bucharest, and Sochi.

Thomas Lamson, chief development and projects officer, said: "2019 marks a major turning point for Adagio. Beyond the many openings scheduled, we plan to sign more than twenty new contracts worldwide this year. These new signings are regardless of the management mode, whether they're lease, management or franchise"

Adagio is a joint venture between Accor and Pierre and Vacances Center Parcs Group.

It is a sponsor of the 2019 Serviced Apartment Summit Europe which takes place in London on July 1 and 2.

View all Articles

"This conference is the only one in Europe which addresses this important growing area covering all aspects of urban living. The focus on the future of integrating real estate, new hospitality concepts, and shared economy all in one event is why HoCoSo has been supporting this event since its inception. The energy, dialogue and connections are superb. This conference is an absolute must for those keen to be engaged in the future of hospitality Real Estate."

Jonathan Humphries, Chairman HoCoSo

Subscribe and keep up-to-date