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News Release

London

JLL comments on Accor’s acquisition of Onefinestay


 

Commenting on Accor’s acquisition of Onefinestay, Max Thorne, head of JLL’s Serviced Apartment and Aparthotel team, said:

“Accor already own Adagio Aparthotel and this move shows that they are recognising consumer demand for aparthotels but also for choice and participation in the sharing accommodation economy. Most of the larger hotel groups have been looking at the wider serviced apartment sector over the past two decades and with year on year growth it’s likely that we will see hotel brands and traditional hospitality investors participating. The deal clearly demonstrates that hospitality is taking the sharing sector seriously as an alternative for consumers – the landscape is changing and the requirement for personalised travel & hospitality solutions is clear and evident.”