According to research from JLL, serviced apartments are set to become an established asset class with an attractive yield, growing from investments of £7.3m in 2008 to £325 million in 2015.

Over the next three years there are around 3,500 serviced apartments planned, triple the number of 3-star hotels, which includes not only London but regional hubs such as Manchester and Edinburgh.

Several traditional hotel chains are looking at expanding into the sector, including InterContinental, Marriott and Accor Hotels, and the apartment sector is looking at innovating to offer more than just a place to stay, such as flexible work spaces and leisure facilities from ‘Go Native’.

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