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HOTELS & RESTAURANTS, beyond mainstream

Serviced, Stylish, and Scaling Up: Cheval Collection’s Worldview

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Cheval Collection is fast approaching a major milestone: nearly 1,000 units spread across 14 properties worldwide. With over 500 new units added since 2021, including the opening of Lexham Gardens by Cheval Maison in London, the brand has firmly established itself as a key player in the luxury serviced apartment sector. And the momentum continues – Cheval Maison – Expo City Dubai in March 2025, followed by Cheval Ladun Living in Riyadh in 2027, marking the group’s debut in Saudi Arabia. Backed by more than 45 years of operational expertise, Cheval’s approach blends the flexibility of apartment living with the refined experience of high-end hospitality.

With a clear focus on growth through management agreements, the group is actively expanding its global footprint, currently in discussions with investors and developers across the UK, Europe, and the Middle East. As the serviced apartment model gains traction among both travellers and investors, Cheval continues to push boundaries  becoming the first European serviced apartment operator to join the GHA Discovery loyalty programme. Ahead of more announcements expected later this year, we sat down with the Cheval team to explore the strategy behind their success, their view on the evolving guest experience, and what’s next for the brand in a rapidly shifting hospitality landscape.

Lexham Gardens by Cheval, London
Lexham Gardens by Cheval, London
Lexham Gardens by Cheval, London
Lexham Gardens by Cheval, London

With Cheval Collection nearing 1,000 serviced apartment units globally, how do you see the evolution of guest expectations shaping the future of luxury hospitality in this segment?

Serviced apartments have moved into the mainstream as a choice for both guests and investors, who are drawn to their flexibility and operational efficiency. Guests enjoy living as part of the local community, being able to entertain friends and family in a space similar to that they enjoy at home. In the luxury sector, this means high-end apartments with a strong eye on design, fixtures and fittings, supported by a team with a dedicated service ethos.

Your recent expansions in Dubai and the upcoming launch in Riyadh mark significant growth in the Middle East. What makes this region particularly attractive for Cheval’s serviced apartment model?

The Middle East has a long history with branded residences, particularly in the luxury segment, but in recent years we have seen serviced apartments gaining traction with investors, who can see the appeal of long-term earnings over a one-off sale. We are also seeing an increased focus on tourism in the region, which is driving demand for a product where sophisticated travellers are looking for a home-from-home for anything from a few days to a few months.

The growth of travel and tourism in the region is creating an exciting environment and a growing interest in serviced apartments, where investors are seeking reassurance in established brands such as ours.

In the Kingdom of Saudi Arabia the themes of luxury, technology and sustainability at the core of the  Vision 2030 project are aligned with our own, making this and the surrounding region attractive locations for us to expand into.

Cheval Phoenix House, London
Cheval Phoenix House, London
Cheval Maison - The Palm Dubai
Cheval Maison - The Palm Dubai

Joining GHA Discovery as the first European serviced apartment operator is a notable milestone. What impact do you expect this partnership to have on both guest engagement and brand visibility?

We are proud to be the first of our kind to join GHA Discovery, which has more members per room than any other loyalty scheme in the sector. Guests increasingly expect a loyalty programme as part of their stay and, as we expand around the world, GHA Discovery offers the potential to raise our profile, while also delivering valued guest feedback.

GHA Discovery is the only loyalty scheme run by hotels, for hotels, encouraging direct bookings as well as providing additional marketing support and access to new markets and 30 million new customers. It will allow us to learn more about our guests and help to personalise their stays and deliver the memorable experiences which create a lifetime of loyalty.

From Lexham Gardens in London to Expo City Dubai, your portfolio reflects a diversity of locations and guest demographics. How do you tailor each property to meet local market expectations while maintaining brand consistency?

We are delighted that we have a high level of loyalty and repeat bookings amongst our customers around the world and, as we grow, seeing so many familiar faces at our properties is a testament to our success in creating a consistent product.

All of our serviced apartments offer the same high level of service in luxurious settings around the world and we ensure that our teams are embedded in the local community and able to share recommendations with our guests to help them feel part of their surroundings. Our food and beverage spaces are also leased or managed by local partners, ensuring that guests can enjoy an authentic experience when they stay.

Cheval Maison - The Palm Dubai
Cheval Maison - The Palm Dubai

In terms of operations, what innovations or efficiencies has Cheval Collection introduced to ensure its properties deliver both luxury and sustainability?

We are currently taking part in a five-year plan to support our sustainable beliefs with action, including a series of targets around key focus areas, including waste monitoring, carbon emissions.

Working with partners who monitor our progress to ensure its rigour, we have implemented changes such as ensuring that all electricity is procured from renewable energy, all new properties are specified to be 100% LED (with older properties retrofitted) and all mechanical and electrical plants are monitored by building energy management systems, which are  optimised to achieve maximum efficiency to reduce energy. Our work in this area is ongoing and we look forward to implementing further innovations.

As investor interest grows in the serviced apartment sector, what are the key trends you're observing, and how is Cheval positioned to capitalise on them?

Serviced apartments are now being considered in the same space as hotels for investors and, as the sector shows its resilience, particularly in the luxury segment, we are having more and more conversations in dynamic locations.

Flexibility is a key trend and, as owners ourselves we are able to empathise with the needs of investors, who are looking to a partner with both the heritage of a long-standing brand and the understanding that one size does not fit all when it comes to management agreements.

We are also seeing a growing drive towards conversions, led by owners and investors moving their portfolios away from other asset classes, including offices, and towards a model where they can enjoy both income and asset appreciation. Serviced apartments have proved their resilience, now they are proving their place as an asset to meet modern investment demands.

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