Supercity Aparthotels secures £10m investment

Serviced apartment brand, Supercity Aparthotels, has secured £10m in equity to grow its portfolio. 

The news follows the launch of its sixth site this year, with the company reporting that demand for serviced apartments has grown “exponentially year-on-year”. 

The brand, which has venues across London and the wider UK, also claimed that the aparthotel sector has “fared better than most”, in light of its ability to offer travellers a “safe hotel style environment with the benefits of additional living space including separate kitchen and dining areas”.

Roger Walters, chairman of Supercity Aparthotels, said: “Despite a challenging year for the industry, by owning our real estate, brand and operating company we have been able to quickly adapt our business and maximise the trading performance of each location. 

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“We have continued to invest in the business, ensuring that all properties maintain our high standards. We have also appointed new leadership and deepened our relationship with key supplier partners.” 

He added: “Our business model has proven to be resilient and we are committed to growing the portfolio across key locations in the UK.”