April 22, 2024

Silverdoor parent acquires long-term rival

Habicus Group, the parent company of global serviced apartment agent SilverDoor, has acquired long-term rival The Apartment Service.

But Charlie McCrow, The Apartment Service CEO, is keeping hold of Roomspace and says he intends to devote his time to grow this side of the business.

Habicus Group CEO Stuart Winstone said the deal has been in discussion for “many months” and “brings together two of the most recognisable and respected brands in the global serviced accommodation sector”.

“The Habicus Group of companies has increased its market share during the pandemic and we see a huge opportunity for the company and sector to continue to grow in the post-pandemic world,” he said.

“This acquisition, which complements our range of services, and significantly increases the size of our global offices, puts us in an unrivalled position to capitalise on this.”

Habicus Group purchased Citybase and Central London Apartments in May 2016 and has since opened three more global offices.

This latest move will grow the group of companies to incorporate teams in London, Lancaster, Frankfurt, Madrid, Singapore, Washington, Denver and Hyderabad.