SACO reaffirms future growth strategy with business set to double in size

SACO The Serviced Apartment has reaffirmed its ambitious future growth plans, with the company set to double the size of its operation.

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These plans, which were outlined today as part of Savills' report on the serviced apartment sector, are designed to meet the continuing growth in demand from business and leisure travellers for serviced apartments and aparthotels.Stephen Hanton, CEO Commercial for SACO, said "Demand from business and leisure travellers for serviced apartments and aparthotels continues to grow strongly and, to meet this, SACO will be doubling in size in the next few years."In the next two years alone, we will be opening six properties in the UK and Ireland, with a particular focus on Scotland where we will open new properties in Edinburgh and Aberdeen.SACO's latest property on London's Cannon Street opens in the first half of next year, and is designed to be the new industry standard with a choice of around 80 apartments in a variety of sizes, an on-site gym, a communal lounge area for guests to relax and work in, and superfast wifi throughout.Hanton continued by saying, "We are planning a series of property openings towards the end of 2016 including our 170 unit at Leman Street, in the City of London, and this is just the start as we are also looking forward to expanding our aparthotel concept across key destinations in Europe, and are already looking at a pipeline of new property acquisitions."We envisage that the public's awareness and perception of Aparthotels is evolving quickly and it's exciting for SACO to be at the vanguard of this change and growth."For more Re:locate news and features on serviced apartments, click here and for more on business and enterprise, click here