The Scion Group and Ares Management have established a strategic partnership to invest in US student housing, launching with a $910 million portfolio acquisition. The deal covers 12 properties and 7,578 beds serving premier American universities. This transaction boosts Scion's total portfolio above 105,000 beds, establishing the firm as the world's largest owner of off-campus student accommodation.
Hospitality leader Accor has launched a five year global eco-initiative to test and scale resource-saving technologies across its international network. The project targets the validation of over 100 environmental systems by 2030, beginning with an intense operational focus on commercial water efficiency. Partnering with non-profit Water Unite, the company will pilot advanced recycling and reuse systems across its portfolio.
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