The serviced apartment sector is set to withstand the global slowdown thanks to the cost savings they offer over hotels – that's the prediction of Manchester-based serviced apartments company, Blue Rainbow Apartments, which has announced ambitious expansion plans.
The group specialises in the luxury end of the market and plans to open apartment hotels across the UK in Aberdeen, Bristol, Liverpool, Birmingham and London. It currently has one five-star accredited property in Manchester with 82 apartments.
Says, managing director, Will Hannah, “Our Manchester property has been so successful we are actively looking to acquire other sites across the UK in order to meet our growth projections.
“The serviced apartment sector is set to withstand the current global economic slowdown with cost saving benefits compared
to hotels and demand out-stripping supply.”
