https://www.breakingtravelnews.com/tags/tag/ascott group/ Ascott Group News en Breaking Travel News Copyright 2026 2026-04-19T13:36:48+00:00 https://www.breakingtravelnews.com/news/article/ascott-opens-over-56-more-units-in-1h-2022/ https://www.breakingtravelnews.com/news/article/ascott-opens-over-56-more-units-in-1h-2022/ CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) is acquiring a freehold asset in Tokyo, Japan via the Ascott Serviced Residence Global Fund (ASRGF), Ascott’s private equity fund with Qatar Investment Authority. Mon, 08 Aug 2022 01:30:36 +0000 https://www.breakingtravelnews.com/news/article/ascott-residence-trust-reports-strong-recovery/ https://www.breakingtravelnews.com/news/article/ascott-residence-trust-reports-strong-recovery/ Ascott Residence Trust has achieved strong recovery with the highest quarterly increase in revenue per available unit of 85% in the second quarter of 2022 since 2020. Its robust operating performance was due to higher average daily rates and occupancy rates Fri, 29 Jul 2022 10:09:03 +0000 https://www.breakingtravelnews.com/news/article/ascott-acquires-oakwood-to-stengthen-global-portfolio/ https://www.breakingtravelnews.com/news/article/ascott-acquires-oakwood-to-stengthen-global-portfolio/ Ascott is acquiring Oakwood’s portfolio of 81 properties and 15,000 units. The deal will leapfrog Ascott’s global presence to more than 150,000 units in 900 properties across 200 cities in 39 countries. Mon, 04 Jul 2022 12:51:59 +0000 https://www.breakingtravelnews.com/news/article/ascott-acquires-first-lyf-coliving-property-in-sydney-through-its-serviced/ https://www.breakingtravelnews.com/news/article/ascott-acquires-first-lyf-coliving-property-in-sydney-through-its-serviced/ Expands lyf brand with the opening of Ascott’s first lyf property in Australia, lyf Collingwood Melbourne, and the eighth lyf property to open globally Thu, 02 Jun 2022 11:24:14 +0000 https://www.breakingtravelnews.com/news/article/ascott-targets-150-lyf-coliving-properties-by-2030-as-demand-for-its-colivi/ https://www.breakingtravelnews.com/news/article/ascott-targets-150-lyf-coliving-properties-by-2030-as-demand-for-its-colivi/ Ascott targets lyf’s coliving experience into the metaverse with the launch of lyf Innovation Lab to design and implement immersive virtual reality and augmented reality technologies. Tue, 12 Apr 2022 10:55:22 +0000 https://www.breakingtravelnews.com/news/article/ascott-star-rewards-receives-third-anniversary-revamp/ https://www.breakingtravelnews.com/news/article/ascott-star-rewards-receives-third-anniversary-revamp/ The award-winning Ascott has upgraded its loyalty programme, Ascott Star Rewards, to offer more rewards for members’ bookings made via its direct channels. Thu, 31 Mar 2022 05:48:54 +0000 https://www.breakingtravelnews.com/news/article/lyf-farrer-park-singapore-sees-brand-expand-in-asia/ https://www.breakingtravelnews.com/news/article/lyf-farrer-park-singapore-sees-brand-expand-in-asia/ Located in one of most vibrant communities within the culturally rich enclave of Little India, the opening follows the recent launch of lyf one-north Singapore in January. Thu, 17 Mar 2022 04:13:35 +0000 https://www.breakingtravelnews.com/news/article/the-ascott-sees-record-growth-in-2021/ https://www.breakingtravelnews.com/news/article/the-ascott-sees-record-growth-in-2021/ This marks the fifth consecutive year the company has achieved record growth in units organically despite Covid-19 headwinds in the past two years. Mon, 10 Jan 2022 11:32:26 +0000 https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-kevin-goh-chief-executive-the-ascott-limited/ https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-kevin-goh-chief-executive-the-ascott-limited/ Having won a host of national and regional titles this year, the Ascott Limited has gone one better and been honoured with the trophy for World’s Leading Serviced Apartment Brand. Here Breaking Travel News chats with Kevin Goh, chief executive of the company, to find out how it feels to have been awarded the prestigious honour by voters Thu, 16 Dec 2021 13:24:47 +0000 https://www.breakingtravelnews.com/news/article/the-ascott-signs-for-first-lyf-property-in-europe/ https://www.breakingtravelnews.com/news/article/the-ascott-signs-for-first-lyf-property-in-europe/ The Ascott has entered into an agreement to acquire a property in Paris for the development of the first lyf property in Europe. lyf Gambetta Paris is set to open in 2024. Tue, 14 Dec 2021 02:15:58 +0000 https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-mine-tan-balto-general-manager-somerset/ https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-mine-tan-balto-general-manager-somerset/ Somerset Maslak Istanbul has been honoured with the title of Turkey’s Leading Serviced Apartments at the World Travel Awards. Here Breaking Travel News speaks to Mine Tan Balto, general manager of the property, to find out how it feels to have been recognised by voters from around the globe Tue, 09 Nov 2021 15:57:01 +0000 https://www.breakingtravelnews.com/focus/article/breaking-travel-news-investigates-ascott-celebrates-historic-world-travel-a/ https://www.breakingtravelnews.com/focus/article/breaking-travel-news-investigates-ascott-celebrates-historic-world-travel-a/ Ascott has been recognised as the Leading Serviced Apartments Brand in a number of key regions and markets around the world. Here Breaking Travel News takes a look at what separates the company from the competition Tue, 19 Oct 2021 04:41:20 +0000 https://www.breakingtravelnews.com/news/article/sun-group-signs-up-with-the-ascott-for-vietnam-mega-project/ https://www.breakingtravelnews.com/news/article/sun-group-signs-up-with-the-ascott-for-vietnam-mega-project/ The Ascott has formed a strategic partnership with Sun Group, one of the biggest real estate developers in Vietnam, to manage the largest serviced residence integrated development in the country. Tue, 12 Oct 2021 05:35:39 +0000 https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-bartlomiej-mart-general-manager-at-ascott-ra/ https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-bartlomiej-mart-general-manager-at-ascott-ra/ Bartlomiej Mart, general manager at Ascott Rafal Olaya Riyadh tells Breaking Travel News how he has reshaped operations in response to the Covid-19 pandemic Thu, 01 Apr 2021 11:17:57 +0000 https://www.breakingtravelnews.com/news/article/citadines-berawa-beach-bali-opens-in-indonesia/ https://www.breakingtravelnews.com/news/article/citadines-berawa-beach-bali-opens-in-indonesia/ The Ascott has opened Citadines Berawa Beach Bali in the heart of Canggu, a destination on the south coast of the Indonesian destination. Thu, 11 Feb 2021 01:16:42 +0000 https://www.breakingtravelnews.com/news/article/ascott-celebrates-record-year-of-growth-in-2020/ https://www.breakingtravelnews.com/news/article/ascott-celebrates-record-year-of-growth-in-2020/ The Ascott added a record of over 14,200 units across 71 properties globally in 2020. Despite Covid-19, the figure exceeds the number of units secured in 2019. Wed, 13 Jan 2021 06:56:56 +0000 https://www.breakingtravelnews.com/news/article/ascott-scoops-top-title-at-world-travel-awards/ https://www.breakingtravelnews.com/news/article/ascott-scoops-top-title-at-world-travel-awards/ The Ascott has been recognised as Asia’s Leading Serviced Apartment Brand at the World Travel Awards today. The company was also honoured with national titles in Vietnam, Singapore and Malaysia. Tue, 03 Nov 2020 10:17:10 +0000 https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-mine-tan-balto-general-manager-somerset-masl/ https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-mine-tan-balto-general-manager-somerset-masl/ Somerset Maslak Istanbul has been recognised as one of the leading hospitality players in Europe by the World Travel Awards. Here Breaking Travel News chats with Mine Tan Balto, general manager of the property, to find out more Mon, 02 Nov 2020 09:51:12 +0000 https://www.breakingtravelnews.com/news/article/ascott-signs-new-distribution-deal-with-hotelbeds/ https://www.breakingtravelnews.com/news/article/ascott-signs-new-distribution-deal-with-hotelbeds/ Hotelbeds has entered into a distribution partnership with the Ascott, a Singapore-based company that has grown to become one of the leading international lodging owner-operators. Wed, 09 Sep 2020 08:46:09 +0000 https://www.breakingtravelnews.com/news/article/ascott-grows-lyf-brand-in-asia/ https://www.breakingtravelnews.com/news/article/ascott-grows-lyf-brand-in-asia/ Ascott is adding over 1,000 units across six new lyf properties secured in Melbourne, Australia; Beijing, Hangzhou, Shanghai and Xi’an, China; and Manila, the Philippines. Mon, 03 Aug 2020 07:20:51 +0000 https://www.breakingtravelnews.com/news/article/bureau-veritas-signs-with-the-ascott-for-cleanliness-certification/ https://www.breakingtravelnews.com/news/article/bureau-veritas-signs-with-the-ascott-for-cleanliness-certification/ The Ascott has signed a global agreement with Bureau Veritas to provide independent audits and certification for the hygiene and safety standards of its properties. Mon, 20 Jul 2020 04:52:32 +0000 https://www.breakingtravelnews.com/news/article/desira-handed-new-business-development-role-with-the-ascott/ https://www.breakingtravelnews.com/news/article/desira-handed-new-business-development-role-with-the-ascott/ The Ascott has appointed Christian Desira as its new head of business development and investment for Europe. He will play an integral role in driving the company’s ambitious growth plans to reach 10,000 units in Europe and 160,000 globally by 2023. Fri, 28 Feb 2020 07:58:47 +0000 https://www.breakingtravelnews.com/news/article/davies-tanner-continues-to-grow-client-list/ https://www.breakingtravelnews.com/news/article/davies-tanner-continues-to-grow-client-list/ Specialist tourism, travel and business events communications agency, Davies Tanner, has seen significant client growth in the second half of 2019, securing over £400,000 of additional fee income. Sun, 19 Jan 2020 15:22:33 +0000 https://www.breakingtravelnews.com/news/article/ascott-partners-with-qatar-investment-authority-for-new-sydney-property/ https://www.breakingtravelnews.com/news/article/ascott-partners-with-qatar-investment-authority-for-new-sydney-property/ The Ascott is investing S$192 million in a freehold serviced residence in the central business district of North Sydney. The property will be financed through the Ascott Serviced Residence Global Fund, its global fund with Qatar Investment Authority. Mon, 30 Sep 2019 07:27:30 +0000 https://www.breakingtravelnews.com/news/article/somerset-maslak-istanbul-celebrates-first-world-travel-awards-win/ https://www.breakingtravelnews.com/news/article/somerset-maslak-istanbul-celebrates-first-world-travel-awards-win/ Somerset Maslak Istanbul has welcomed special guests and dedicated partners to a lavish party to celebrate the property’s first World Travel Awards title. General manager, Mine Tan Balto, hosted the celebrations. Fri, 27 Sep 2019 05:38:37 +0000 https://www.breakingtravelnews.com/news/article/ascott-welcomes-lyf-debut-in-singapore/ https://www.breakingtravelnews.com/news/article/ascott-welcomes-lyf-debut-in-singapore/ The Ascott has opened lyf Funan Singapore, the largest co-living property in south-east Asia. It is also the first property under Ascott’s new ‘lyf’ brand, which the company says is “managed by millennials for the millennials and millennial-minded”. Sun, 08 Sep 2019 04:44:08 +0000 https://www.breakingtravelnews.com/news/article/ascott-unveils-ambitious-singapore-expansion-plans/ https://www.breakingtravelnews.com/news/article/ascott-unveils-ambitious-singapore-expansion-plans/ The Ascott is seeking to cement its position as the largest serviced residence operator in Singapore with a record number of openings this year. At the same time the company has completed the signing of its first Citadines Connect business hotel in the city state. Mon, 02 Sep 2019 09:58:24 +0000 https://www.breakingtravelnews.com/news/article/capitaland-to-merge-ascott-residence-trust-and-ascendas-hospitality-trust/ https://www.breakingtravelnews.com/news/article/capitaland-to-merge-ascott-residence-trust-and-ascendas-hospitality-trust/ Capitaland has announced a proposed combination of its Ascott Residence Trust and Ascendas Hospitality Trust units. If completed, the deal will result in the combined entity becoming the largest hospitality trust in Asia Pacific, and the eighth largest globally. Wed, 03 Jul 2019 07:52:06 +0000 https://www.breakingtravelnews.com/news/article/quest-signs-cycas-partnership-ahead-of-liverpool-debut/ https://www.breakingtravelnews.com/news/article/quest-signs-cycas-partnership-ahead-of-liverpool-debut/ As it gears up to open its first European property in Liverpool this summer, Quest Apartment Hotels has appointed Cycas Hospitality as its independent hotel manager for Quest Liverpool City Centre. Wed, 12 Jun 2019 06:44:52 +0000 https://www.breakingtravelnews.com/news/article/ascott-launches-technological-overhaul-as-expansion-continues/ https://www.breakingtravelnews.com/news/article/ascott-launches-technological-overhaul-as-expansion-continues/ Ascott aims to drive revenue growth, improve operational efficiency and enhance value to its customers and business partners through a comprehensive front-to-backend systems makeover. Tue, 23 Apr 2019 06:31:10 +0000 https://www.breakingtravelnews.com/news/article/ascott-debuts-citadines-connect-business-hotels/ https://www.breakingtravelnews.com/news/article/ascott-debuts-citadines-connect-business-hotels/ The Ascott has launched Citadines Connect, a line of business hotels with selected services, to widen its short-stay offerings as it continues to grow its portfolio. Wed, 27 Mar 2019 10:59:22 +0000 https://www.breakingtravelnews.com/news/article/capitaland-tops-out-on-raffles-city-chongqing-development-in-china/ https://www.breakingtravelnews.com/news/article/capitaland-tops-out-on-raffles-city-chongqing-development-in-china/ CapitaLand has successfully topped out the eighth and final skyscraper of Raffles City Chongqing as the group enters the final lap of preparation works to open the highly anticipated 1.12-million-square-metre megastructure. Wed, 27 Feb 2019 08:25:23 +0000 https://www.breakingtravelnews.com/news/article/ascott-welcomes-la-clef-champs-elysees-paris-to-crest-collection/ https://www.breakingtravelnews.com/news/article/ascott-welcomes-la-clef-champs-elysees-paris-to-crest-collection/ The Ascott has opened La Clef Champs-Élysées Paris in France, its third property under The Crest Collection. The brand is a prized selection of some of Ascott’s most prestigious and unique luxury serviced residences. Fri, 08 Feb 2019 10:32:10 +0000 https://www.breakingtravelnews.com/news/article/ascott-crosses-100000-key-threshold-following-record-year/ https://www.breakingtravelnews.com/news/article/ascott-crosses-100000-key-threshold-following-record-year/ The Ascott has secured contracts for another 26 properties with over 4,600 units across 18 cities and 11 countries. The new additions boost its portfolio to over 100,000 units. Mon, 21 Jan 2019 13:21:10 +0000 https://www.breakingtravelnews.com/news/article/ascott-expands-indonesia-offering-with-ciputra-development-group-deal/ https://www.breakingtravelnews.com/news/article/ascott-expands-indonesia-offering-with-ciputra-development-group-deal/ The Ascott has formed a strategic alliance with one of Indonesia’s top property developers – Ciputra Development Group. Under the alliance, Ascott will manage serviced residences to be developed by Ciputra in Indonesia and China within the next five years. Mon, 19 Nov 2018 08:22:03 +0000 https://www.breakingtravelnews.com/news/article/ascott-unveils-latest-lyf-project-in-singapore/ https://www.breakingtravelnews.com/news/article/ascott-unveils-latest-lyf-project-in-singapore/ Ascott Residence Trust has acquired a prime greenfield site for S$62.4 million for its maiden development project. It will build the first co-living property in Singapore’s research and innovation business hub, one-north. Sat, 22 Sep 2018 17:37:52 +0000 https://www.breakingtravelnews.com/news/article/ascott-takes-us26m-stake-in-tauzia-hotel-management-of-indonesia/ https://www.breakingtravelnews.com/news/article/ascott-takes-us26m-stake-in-tauzia-hotel-management-of-indonesia/ The Ascott is advancing in the fast-growing middle-class business hotel segment by investing around US$26 million for a 70 per cent stake in Tauzia Hotel Management. Tue, 18 Sep 2018 13:53:48 +0000 https://www.breakingtravelnews.com/videos/video/alfred-ong-head-of-global-operations-the-ascott-limited/ https://www.breakingtravelnews.com/videos/video/alfred-ong-head-of-global-operations-the-ascott-limited/ With the company taking the title of Asia’s Leading Serviced Apartment Brand at the World Travel Awards, Alfred Ong, head of global operations at the Ascott Limited, tells Breaking Travel News about the company and how it feels to have won. Fri, 14 Sep 2018 14:29:17 +0000 https://www.breakingtravelnews.com/news/article/former-ascott-chief-takes-up-leadership-of-capitaland/ https://www.breakingtravelnews.com/news/article/former-ascott-chief-takes-up-leadership-of-capitaland/ Lee Chee Koon will head a leadership team, including Jason Leow Juan Thong as president of Asia and retail and Lucas Loh Jen Yuh as president, China and investment management, that will guide the company through its new phase. Mon, 03 Sep 2018 08:03:05 +0000 https://www.breakingtravelnews.com/news/article/ascott-opens-two-new-properties-in-vietnam/ https://www.breakingtravelnews.com/news/article/ascott-opens-two-new-properties-in-vietnam/ The Ascott has opened Vietnam’s largest serviced residence, Citadines Blue Cove Danang, and its fifth property in Ho Chi Minh City, Citadines Regency Saigon. Thu, 02 Aug 2018 08:14:59 +0000 https://www.breakingtravelnews.com/news/article/the-ascott-eyes-philippines-expansion-with-new-partnership/ https://www.breakingtravelnews.com/news/article/the-ascott-eyes-philippines-expansion-with-new-partnership/ The Ascott has boosted its leading position in the Philippines by entering a strategic alliance with one of the country’s top real estate developers, Cebu Landmasters, to manage 1,600 units by 2022. Fri, 27 Jul 2018 07:53:17 +0000 https://www.breakingtravelnews.com/videos/video/nancy-faure-vice-president-sales-and-marketing-ascott-international-europe/ https://www.breakingtravelnews.com/videos/video/nancy-faure-vice-president-sales-and-marketing-ascott-international-europe/ Breaking Travel News speaks to Nancy Faure, vice president of sales and marketing at the Ascott International, Europe, about the Citadines Apart’hotel brand and how it feels to have won at the World Travel Awards. Fri, 06 Jul 2018 13:38:52 +0000 https://www.breakingtravelnews.com/news/article/ascott-celebrates-china-anniversary-with-two-new-properties/ https://www.breakingtravelnews.com/news/article/ascott-celebrates-china-anniversary-with-two-new-properties/ The Ascott has opened its first property in Nantong and fourth property in Suzhou – two fast-growing cities in the Yangtze River Economic Belt. Mon, 25 Jun 2018 07:15:15 +0000 https://www.breakingtravelnews.com/news/article/ascott-seeks-citadines-expansion-in-china-with-huazhu-partnership/ https://www.breakingtravelnews.com/news/article/ascott-seeks-citadines-expansion-in-china-with-huazhu-partnership/ The Ascott is stepping up the expansion of its Citadines brand in China through a joint venture with one of the country’s leading hotel operators, Huazhu Hotels Group and its subsidiary and an apartment rental firm, CJIA Apartments Group. Thu, 10 May 2018 07:37:14 +0000 https://www.breakingtravelnews.com/videos/video/vincent-miccolis-regional-general-manager-middle-east-africa-turkey-the-asc/ https://www.breakingtravelnews.com/videos/video/vincent-miccolis-regional-general-manager-middle-east-africa-turkey-the-asc/ Picking up a number of awards, including the title of Middle East’s Leading Serviced Apartment Brand, at the World Travel Awards, Vincent Miccolis, regional general manager, Middle East, Africa and Turkey for The Ascott, tells Breaking Travel News what it means to him and his teams across the region. Mon, 30 Apr 2018 16:08:08 +0000 https://www.breakingtravelnews.com/news/article/ascott-boost-asia-pipeline-with-new-partnerships/ https://www.breakingtravelnews.com/news/article/ascott-boost-asia-pipeline-with-new-partnerships/ The Ascott is accelerating its expansion in Asia by forging strategic partnerships with leading developers in China, Japan and Thailand to manage apartments currently under development as well as future projects by these companies. Mon, 09 Apr 2018 22:39:22 +0000 https://www.breakingtravelnews.com/news/article/chen-to-lead-somerset-ekamai-bangkok/ https://www.breakingtravelnews.com/news/article/chen-to-lead-somerset-ekamai-bangkok/ With over 20 years of hospitality experience, Chen has previously worked with Ascott, having started with the company in Singapore in the year 2004 before assignments in Beijing, Bangkok, and Hanoi as the residence manager of the Somerset West Lake property. Mon, 12 Feb 2018 10:33:27 +0000 https://www.breakingtravelnews.com/news/article/the-ascott-seeks-to-double-in-size-over-next-five-years/ https://www.breakingtravelnews.com/news/article/the-ascott-seeks-to-double-in-size-over-next-five-years/ Hot on the heels of its recent signing of nine management contracts in China, Ascott has clinched contracts to manage another four properties with 1,200 units in new cities such as Malacca in Malaysia and Davao in the Philippines while deepening its presence in Guangzhou in China and Cebu in the Philippines. Mon, 29 Jan 2018 10:05:04 +0000 https://www.breakingtravelnews.com/news/article/ascott-reaches-20000-unit-target-early-as-china-expansion-continues-apace/ https://www.breakingtravelnews.com/news/article/ascott-reaches-20000-unit-target-early-as-china-expansion-continues-apace/ Ascott has exceeded its target of 20,000 units for China in 2017, ahead of its planned schedule of 2020, as it sealed contracts to manage nine properties with over 2,000 units in the country. With these new properties, Ascott made inroads into new cities such as Harbin and Zhuhai, and widened its presence in Chongqing, Foshan, Shanghai and Wuxi. Thu, 04 Jan 2018 10:01:08 +0000 https://www.breakingtravelnews.com/news/article/the-ascott-moves-into-africa-with-accra-ghana-properties/ https://www.breakingtravelnews.com/news/article/the-ascott-moves-into-africa-with-accra-ghana-properties/ The Ascott is boosting its record growth this year with its first foray into Africa. The company has secured contracts to manage two properties in the heart of Accra, one of Africa’s top cities for investment. Tue, 19 Dec 2017 09:31:07 +0000 https://www.breakingtravelnews.com/news/article/ascott-opens-third-property-in-shenzhen-china/ https://www.breakingtravelnews.com/news/article/ascott-opens-third-property-in-shenzhen-china/ Ascott is expanding its presence in China with the opening of its third property in Shenzhen. Located in Nanshan District, the city’s technology and industrial hub, Ascott Raffles City Shenzhen is part of CapitaLand’s flagship Raffles City integrated development. Mon, 20 Nov 2017 09:56:58 +0000 https://www.breakingtravelnews.com/news/article/ascott-moves-into-cambodia-with-phnom-penh-residence/ https://www.breakingtravelnews.com/news/article/ascott-moves-into-cambodia-with-phnom-penh-residence/ The Ascott has opened its first serviced residence in Cambodia, CASA Meridian Residence, in Phnom Penh’s up-and-coming residential and retail hub of Diamond Island (Koh Pich). Fri, 10 Nov 2017 09:44:49 +0000 https://www.breakingtravelnews.com/news/article/new-sales-appointments-for-ascott-in-thailand/ https://www.breakingtravelnews.com/news/article/new-sales-appointments-for-ascott-in-thailand/ The Ascott has welcomed new members to the team, with Thitirat Ditpanya joining as the new assistant director of sales and marketing, and Tasanee Ua-Aksorn as the new marketing manager for Thailand. Tue, 24 Oct 2017 09:26:13 +0000 https://www.breakingtravelnews.com/news/article/ascott-acquires-freehold-in-silicon-valley/ https://www.breakingtravelnews.com/news/article/ascott-acquires-freehold-in-silicon-valley/ The Ascott is investing S$81.5 million to acquire and refurbish The Domain Hotel, a freehold hotel in Silicon Valley, California, in a move designed to capture the fast-growing demand from global technology companies and multinational corporations. Fri, 20 Oct 2017 07:48:39 +0000 https://www.breakingtravelnews.com/videos/video/nancy-faure-vice-president-sales-marketing-europe-the-ascott-limited/ https://www.breakingtravelnews.com/videos/video/nancy-faure-vice-president-sales-marketing-europe-the-ascott-limited/ Breaking Travel News speaks to Nancy Faure, vice president, sales & marketing, Europe, The Ascott, about the company, what it offers to consumers in the hospitality market and what it means to win at the World Travel Awards. Thu, 05 Oct 2017 13:39:10 +0000 https://www.breakingtravelnews.com/news/article/the-stature-jakarta-on-track-for-completion-in-2020/ https://www.breakingtravelnews.com/news/article/the-stature-jakarta-on-track-for-completion-in-2020/ CapitaLand‘s first integrated development in Indonesia, The Stature Jakarta, is on track for completion by end 2020 at a total development cost of approximately S$220 million. Wed, 06 Sep 2017 09:57:21 +0000 https://www.breakingtravelnews.com/news/article/ascott-expands-presence-in-asia-with-lyf-funan-singapore-deal/ https://www.breakingtravelnews.com/news/article/ascott-expands-presence-in-asia-with-lyf-funan-singapore-deal/ The Ascott is investing S$170.3 million, through its serviced residence global fund with Qatar Investment Authority, in the serviced residence component of the Funan integrated development. Mon, 07 Aug 2017 08:29:47 +0000 https://www.breakingtravelnews.com/news/article/ascott-to-take-large-stake-in-us-based-synergy-global-housing/ https://www.breakingtravelnews.com/news/article/ascott-to-take-large-stake-in-us-based-synergy-global-housing/ The Ascott is acquiring an 80 per cent stake in Synergy Global Housing, a leading accommodation provider in the US. The acquisition will expand Ascott’s footprint in the United States and strengthen its extensive range of international-class serviced residences for corporate customers worldwide. Mon, 24 Jul 2017 08:28:26 +0000 https://www.breakingtravelnews.com/news/article/citadines-bayfront-nha-trang-takes-brand-in-vietnam/ https://www.breakingtravelnews.com/news/article/citadines-bayfront-nha-trang-takes-brand-in-vietnam/ The Ascott has opened its first Citadines Apart’hotel in Vietnam and expanded its footprint to a key tourism hub, Nha Trang. Citadines Bayfront Nha Trang is the first international-class serviced residence in the coastal city. Tue, 18 Jul 2017 08:37:59 +0000 https://www.breakingtravelnews.com/news/article/ascott-opens-seventh-property-in-philippines/ https://www.breakingtravelnews.com/news/article/ascott-opens-seventh-property-in-philippines/ The Ascott continues to expand its presence in the Philippines with the opening of its seventh property in the country – the 293-unit Citadines Millennium Ortigas Manila – and its first in Ortigas Centre, a key central business district in Metro Manila. Wed, 12 Jul 2017 09:02:00 +0000 https://www.breakingtravelnews.com/news/article/ascott-expands-stake-in-quest-apartments-as-global-expansion-continues/ https://www.breakingtravelnews.com/news/article/ascott-expands-stake-in-quest-apartments-as-global-expansion-continues/ The Ascott is acquiring an additional 60 per cent stake in Quest Apartment Hotels for A$180 million. This will increase Ascott’s stake in Quest from its current 20 per cent to 80 per cent, propelling Ascott to become the largest serviced residence provider in Australasia. Wed, 05 Jul 2017 09:41:58 +0000 https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-kevin-goh-chief-operating-officer-the-ascott/ https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-kevin-goh-chief-operating-officer-the-ascott/ With the brand having taken the title of Asia’s Leading Serviced Apartment Brand at the World Travel Awards for the third year in success, Breaking Travel News here chats with Kevin Goh, chief operating officer, The Ascott Limited about the company’s plans for global expansion and the changing dynamics of the hospitality market. Wed, 28 Jun 2017 09:19:16 +0000 https://www.breakingtravelnews.com/news/article/ascott-passes-100-property-milestone-in-china/ https://www.breakingtravelnews.com/news/article/ascott-passes-100-property-milestone-in-china/ The Ascott has clinched seven new contracts to manage over 1,300 apartments across six cities in China. These properties mark Ascott’s first foray into Kunming and Yichang while deepening its presence in Chongqing, Dalian, Shenzhen and Xuzhou. Tue, 27 Jun 2017 02:45:37 +0000 https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-arthur-gindap-rgm-philippines-thailand-the-a/ https://www.breakingtravelnews.com/focus/article/breaking-travel-news-interview-arthur-gindap-rgm-philippines-thailand-the-a/ The Ascott Limited has been recognised as the Philippines’ Leading Serviced Apartment Brand by voters at the World Travel Awards. In celebration, Arthur Gindap, regional general manager, Philippines & Thailand, The Ascott Limited here chats with Breaking Travel News editor Chris O’Toole about what the recognition means to the brand. Wed, 21 Jun 2017 15:58:10 +0000 https://www.breakingtravelnews.com/news/article/ascott-signs-its-first-franchise-agreement-in-france-with-aegide-domitys-gr/ https://www.breakingtravelnews.com/news/article/ascott-signs-its-first-franchise-agreement-in-france-with-aegide-domitys-gr/ The Ascott has signed its first franchise contract in France. Using its Citadines apart’hotel brand, this agreement provides further impetus for Ascott to boost growth and reach its target of 80,000 units by 2020. Mon, 19 Jun 2017 07:22:05 +0000 https://www.breakingtravelnews.com/videos/video/tan-tze-shang-managing-director-the-ascott-limited-china/ https://www.breakingtravelnews.com/videos/video/tan-tze-shang-managing-director-the-ascott-limited-china/ Tan Tze Shang, managing director, The Ascott Limited, China, speaks to Breaking Travel News as the brand is recognised by voters for its achievements in the region.  Fri, 09 Jun 2017 15:18:48 +0000 https://www.breakingtravelnews.com/videos/video/toh-yee-shui-regional-general-manager-east-china-the-ascott-limited/ https://www.breakingtravelnews.com/videos/video/toh-yee-shui-regional-general-manager-east-china-the-ascott-limited/ Toh Yee-Shui, regional general manager, east China, The Ascott Limited, speaks to Breaking Travel News as the brand is honoured by the World Travel Awards in Shanghai, China. Fri, 09 Jun 2017 14:24:20 +0000 https://www.breakingtravelnews.com/news/article/citadines-omr-in-chennai-joins-the-ascott-portfolio/ https://www.breakingtravelnews.com/news/article/citadines-omr-in-chennai-joins-the-ascott-portfolio/ The Ascott has opened its second serviced residence in India – the 269-unit Citadines OMR in Chennai, the country’s third largest city and one of its fastest growing cities. Fri, 09 Jun 2017 09:31:16 +0000 https://www.breakingtravelnews.com/news/article/ascott-residence-trust-acquires-latest-new-york-property/ https://www.breakingtravelnews.com/news/article/ascott-residence-trust-acquires-latest-new-york-property/ Ascott Residence Trust is adding another prime property to its global portfolio by acquiring the 224-unit DoubleTree by Hilton Hotel New York – Times Square South for US$106 million. Sat, 03 Jun 2017 02:45:13 +0000 https://www.breakingtravelnews.com/news/article/ascott-signs-with-vitacon-for-two-new-brazil-properties/ https://www.breakingtravelnews.com/news/article/ascott-signs-with-vitacon-for-two-new-brazil-properties/ The Ascott has stepped up its global expansion as it breaks into South America with franchise agreements for two serviced residences in São Paulo, Brazil. Vitacon, a leading real estate company in São Paulo, will franchise and operate the 92-unit Citadines VN Jardins São Paulo and 122-unit Citadines VN Faria Lima São Paulo. Wed, 05 Apr 2017 08:54:27 +0000 https://www.breakingtravelnews.com/news/article/ascott-inks-six-new-serviced-apartment-properties-in-china/ https://www.breakingtravelnews.com/news/article/ascott-inks-six-new-serviced-apartment-properties-in-china/ The Ascott races ahead by securing contracts to manage six properties with more than 1,200 apartment units in China, on the back of record growth last year. The new properties entrench Ascott’s presence in Changsha, Shenzhen, Tianjin and Wuhan, while extending its footprint to two more cities – Handan and Xuzhou. Fri, 20 Jan 2017 10:26:14 +0000 https://www.breakingtravelnews.com/news/article/ascott-acquires-temple-bar-hotel-dublin-for-55m/ https://www.breakingtravelnews.com/news/article/ascott-acquires-temple-bar-hotel-dublin-for-55m/ The Ascott has expanded its global footprint to Ireland, one of the fastest growing economies in Europe. In a deal worth €55.1 million the Singapore based company has acquired the 136-unit Temple Bar Hotel in Dublin, positioning Ascott right at the heart of one of the world’s most attractive business centres. Fri, 16 Dec 2016 11:06:39 +0000 https://www.breakingtravelnews.com/news/article/ascott-takes-aim-at-millennials-travellers-with-lfy-brand/ https://www.breakingtravelnews.com/news/article/ascott-takes-aim-at-millennials-travellers-with-lfy-brand/ The Ascott is unveiling its newest brand, Lyf (pronounced ‘life’), designed for and managed by millennials who wish to experience destinations as locals do. Going beyond traditional hospitality concepts, Lyf signifies a new way of living and collaborating as a community, connecting guests with fellow travellers and change-makers. Thu, 24 Nov 2016 11:43:00 +0000 https://www.breakingtravelnews.com/news/article/breaking-travel-news-interview-rebecca-hollants-van-loocke-regional-general/ https://www.breakingtravelnews.com/news/article/breaking-travel-news-interview-rebecca-hollants-van-loocke-regional-general/ It took just over 30 years for Ascott Limited to grow from a single serviced residence property in Singapore to become the largest international serviced residence owner-operator with an enviable global portfolio featuring more than 300 serviced residences in over 100 cities across the Americas, Asia Pacific, Europe and the Middle East. Here Breaking Travel News editor Chris O’Toole sits down with The Ascott Limited regional general manager, UK, Germany, and Georgia, Rebecca Hollants Van Loocke to discuss the brand’s development in Europe and the growing understanding of the benefits of long-stay serviced apartments among travellers. Tue, 22 Nov 2016 15:33:21 +0000 https://www.breakingtravelnews.com/news/article/ascott-takes-crest-collection-in-thailand-with-bangkok-property/ https://www.breakingtravelnews.com/news/article/ascott-takes-crest-collection-in-thailand-with-bangkok-property/ The Ascott has opened Metropole Bangkok, Asia’s first unique luxury serviced residence under The Crest Collection. Each property in The Crest Collection has a distinctive character which epitomises European elegance and grandeur. Located in Thonglor, Bangkok’s most sought-after residential district, Metropole brings a touch of European charm to the heart of Bangkok. Tue, 15 Nov 2016 10:42:08 +0000 https://www.breakingtravelnews.com/news/article/ascott-signs-with-sandhya-hotels-for-new-properties-in-india/ https://www.breakingtravelnews.com/news/article/ascott-signs-with-sandhya-hotels-for-new-properties-in-india/ The Ascott has secured a contract with Sandhya Hotels to manage three new serviced residences in India, the world’s third largest economy. Two properties are in the major technology cities of Hyderabad and Bangalore and a third serviced residence is in Sri City, less than an hour’s drive from Chennai. Tue, 11 Oct 2016 09:34:13 +0000 https://www.breakingtravelnews.com/videos/video/vincent-miccolis-country-general-manager-the-ascott-limited/ https://www.breakingtravelnews.com/videos/video/vincent-miccolis-country-general-manager-the-ascott-limited/ Vincent Miccolis, country general manager, The Ascott Limited, talks to Breaking Travel News about the growth of the serviced residence sector in the Middle East and around the world. Thu, 06 Oct 2016 14:59:21 +0000 https://www.breakingtravelnews.com/news/article/avis-car-rental-partners-with-ascott-for-global-deal/ https://www.breakingtravelnews.com/news/article/avis-car-rental-partners-with-ascott-for-global-deal/ Avis Car Rental has announced the signing of a multi-year partnership agreement with the world’s largest international serviced residence owner-operator, Ascott. Under the new agreement, business and leisure travellers visiting Ascott’s brand websites, Ascott, Citadines and Somerset, will be able to make an Avis reservation by adding a vehicle rental to an existing serviced apartment reservation. Wed, 17 Aug 2016 09:04:34 +0000 https://www.breakingtravelnews.com/news/article/ascott-takes-citadines-brand-into-korea-with-seoul-property/ https://www.breakingtravelnews.com/news/article/ascott-takes-citadines-brand-into-korea-with-seoul-property/ Ascott has opened its first Citadines-branded property in Korea’s capital, Citadines Han River Seoul. The opening of the 149-unit Citadines Han River Seoul marks Ascott’s continued expansion in South Korea, with more than 1,000 units in operation including the 410-unit Somerset Palace Seoul and 468-unit Citadines Haeundae Busan. Tue, 09 Aug 2016 09:18:59 +0000 https://www.breakingtravelnews.com/news/article/ascott-sees-international-growth-accelerate-in-2016/ https://www.breakingtravelnews.com/news/article/ascott-sees-international-growth-accelerate-in-2016/ The Ascott Limited is poised to outpace its growth in 2015, as the world’s largest international serviced residence owner-operator secures more than 5,000 units in 27 properties in the first six months of this year. Ascott is acquiring its first serviced residence in Docklands, Melbourne as part of its AUD$500 million strategic partnership with Quest Apartment Hotels, one of the largest serviced apartment operators in Australia. Wed, 03 Aug 2016 09:33:11 +0000 https://www.breakingtravelnews.com/videos/video/atm-2016-vincent-miccolis-area-general-manager-the-ascott-limited/ https://www.breakingtravelnews.com/videos/video/atm-2016-vincent-miccolis-area-general-manager-the-ascott-limited/ Vincent Miccolis, area general manager, The Ascott Limited talks to Breaking Travel News at Arabian Travel Market about the growing importance of the long-stay sector in the Middle East, victory at the World Travel Awards and plans for the brand across Saudi Arabia. Tue, 26 Apr 2016 16:38:51 +0000 https://www.breakingtravelnews.com/focus/article/breaking-travel-news-investigates-ascott-park-place-dubai/ https://www.breakingtravelnews.com/focus/article/breaking-travel-news-investigates-ascott-park-place-dubai/ As the global tourism industry gathers in Dubai for Arabian Travel Market 2016, the hospitality industry in the United Arab Emirate is coming under the spotlight. At the forefront of the sector is Ascott Park Place Dubai, a place to indulge in an exclusive lifestyle of comfort and sophistication in the heart of downtown. Fri, 22 Apr 2016 10:43:41 +0000 https://www.breakingtravelnews.com/news/article/ascott-launches-the-crest-collection/ https://www.breakingtravelnews.com/news/article/ascott-launches-the-crest-collection/ Ascott has launched The Crest Collection, a prized selection of some of its most prestigious and unique luxury serviced residences. The collection offers the growing number of discerning travellers extraordinary experiences with a sense of home. Each property is a signature on its own with a distinctive character which epitomises European elegance and grandeur. Thu, 14 Apr 2016 11:51:42 +0000 https://www.breakingtravelnews.com/news/article/ascott-signs-two-serviced-apartment-deals-in-saudi-arabia/ https://www.breakingtravelnews.com/news/article/ascott-signs-two-serviced-apartment-deals-in-saudi-arabia/ The Ascott has continued its strong growth in the Middle East by inking contracts to manage its first two serviced residences in Al Khobar, one of the main metropolitan cities in Saudi Arabia’s oil-rich Eastern Province. The 172-unit Ascott Corniche Al Khobar and 133-unit Somerset Downtown Al Khobar are slated to open in 2018 and 2019 respectively. Tue, 12 Apr 2016 09:50:43 +0000 https://www.breakingtravelnews.com/news/article/ascott-powers-china-growth-with-dongfu-investment-deal/ https://www.breakingtravelnews.com/news/article/ascott-powers-china-growth-with-dongfu-investment-deal/ Ascott has continued its aggressive expansion by forging a strategic alliance with Dongfu Investment Development Corporation – a real estate subsidiary of China State Construction Engineering Company, China’s largest state-owned construction and infrastructure builder. Through this partnership, Ascott will have the first right to manage apartments currently under development as well as future projects to be built by Dongfu Investment. Thu, 25 Feb 2016 01:59:04 +0000 https://www.breakingtravelnews.com/news/article/ascott-strengthens-south-east-asia-serviced-apartments-leadership-position/ https://www.breakingtravelnews.com/news/article/ascott-strengthens-south-east-asia-serviced-apartments-leadership-position/ Ascott has strengthened its leadership position as the largest serviced residence operator in south-east Asia with the clinching of seven new management contracts, adding over 1,500 apartment units to its portfolio. Ascott has expanded in Bangkok in Thailand, Hanoi in Vietnam, and Petaling Jaya in Malaysia while venturing into Bandung in Indonesia, Penang and Shah Alam in Malaysia, and Nha Trang in Vietnam as demand for serviced residences heats up. Tue, 16 Feb 2016 10:02:00 +0000 https://www.breakingtravelnews.com/news/article/ascott-signs-for-seven-new-properties-in-south-east-asia/ https://www.breakingtravelnews.com/news/article/ascott-signs-for-seven-new-properties-in-south-east-asia/ Ascott has strengthened its leadership position as the largest serviced residence operator in south-east Asia with the clinching of seven new management contracts, adding over 1,500 apartment units to its portfolio. It has expanded in Bangkok in Thailand, Hanoi in Vietnam, and Petaling Jaya in Malaysia while venturing into Bandung in Indonesia, Penang and Shah Alam in Malaysia, and Nha Trang in Vietnam as demand for serviced residences heats up. Thu, 11 Feb 2016 10:03:58 +0000 https://www.breakingtravelnews.com/news/article/ascott-invests-140m-in-two-new-long-stay-properties/ https://www.breakingtravelnews.com/news/article/ascott-invests-140m-in-two-new-long-stay-properties/ The Ascott serviced residence global fund, recently launched with the Qatar Investment Authority, has acquired two prime properties in Paris and Tokyo for US$104 million. The fund will invest another US$33 million to convert the office building in Paris into a luxury serviced residence and embark on asset enhancement to reposition the serviced residence in Tokyo, bringing the total investment to US$137 million. Fri, 13 Nov 2015 09:42:27 +0000 https://www.breakingtravelnews.com/news/article/the-ascott-adds-four-properties-to-burgeoning-asian-portfolio/ https://www.breakingtravelnews.com/news/article/the-ascott-adds-four-properties-to-burgeoning-asian-portfolio/ The Ascott has secured four new contracts to manage over 850 units in four growing Asian markets. Having recently achieved its global target of 40,000 serviced residence units ahead of schedule, Ascott is widening its lead as the world’s largest international serviced residence owner and operator with over 42,000 units in 94 cities across 26 countries. Tue, 08 Sep 2015 09:09:50 +0000 https://www.breakingtravelnews.com/news/article/ascott-makes-55m-investment-in-tujia.com/ https://www.breakingtravelnews.com/news/article/ascott-makes-55m-investment-in-tujia.com/ The Ascott, the world’s largest international serviced residence owner-operator, has invested over £55 million in Tujia.com – China’s answer to apartment-sharing website Airbnb. The joint venture, which will see Ascott operate and franchise serviced apartments with the site, will allow Ascott to expand its portfolio and meet its target of 20,000 units in China by 2020. As part of the joint venture with Tujia, Ascott will operate serviced apartments located within the key growth cities of China using a new brand. Mon, 10 Aug 2015 10:08:37 +0000 https://www.breakingtravelnews.com/news/article/ascott-enters-600m-fund-with-qatar-investment-authority/ https://www.breakingtravelnews.com/news/article/ascott-enters-600m-fund-with-qatar-investment-authority/ The Ascott has entered into a 50:50 joint venture with Qatar Investment Authority to set up a US$600 million serviced residence fund with an initial focus on the Asia Pacific and Europe regions. This is Ascott’s largest private equity fund to date. With a target to launch six new funds with total assets under management of up to S$10 billion by 2020, this joint venture is part of CapitaLand’s efforts to further grow its fund management business and pursue market opportunities with a stable of blue chip capital partners. Tue, 14 Jul 2015 10:15:14 +0000 https://www.breakingtravelnews.com/news/article/ascott-unveils-ambitious-european-expansion-plans/ https://www.breakingtravelnews.com/news/article/ascott-unveils-ambitious-european-expansion-plans/ The Ascott has welcomed the visit by Singapore’s president Tony Tan to its newly opened Citadines Suites Arc de Triomphe Paris, as part of its celebrations to mark the 50th anniversary of trade relations between Singapore and France. Ascott also announced today its target of 10,000 apartment units in Europe by 2020. Mon, 18 May 2015 10:58:10 +0000 https://www.breakingtravelnews.com/news/article/citadines-aparthotels-continues-global-expansion-with-new-signings/ https://www.breakingtravelnews.com/news/article/citadines-aparthotels-continues-global-expansion-with-new-signings/ The Ascott has secured contracts to manage its first Citadines Apart’hotels in Vietnam, Sabah, Malaysia and the United Arab Emirates. The 200-unit Citadines Regency Saigon is slated to open in the vibrant commercial hub of Ho Chi Minh City’s District 3 in 2018 while the 253-unit Citadines Waterfront Kota Kinabalu is scheduled to open within the heart of the city in 2018. Tue, 14 Apr 2015 08:00:10 +0000 https://www.breakingtravelnews.com/news/article/the-ascott-signs-citadines-medini-nusajaya-in-malaysia/ https://www.breakingtravelnews.com/news/article/the-ascott-signs-citadines-medini-nusajaya-in-malaysia/ The Ascott has stepped up its presence in Iskandar Malaysia by securing a contract to manage its third property in Nusajaya. Slated to open in early 2019, the 214-unit Citadines Medini Nusajaya has a prime location in Nusajaya’s main business and leisure district. Ascott, the world’s largest international serviced residence owner-operator, has been awarded the contract by UMCity Medini Lakeside Development, a wholly-owned subsidiary of United Malayan Land. Fri, 13 Mar 2015 10:26:42 +0000 https://www.breakingtravelnews.com/videos/video/mr-anthony-khoo-svp-of-brand-marketing-the-ascott-limited/ https://www.breakingtravelnews.com/videos/video/mr-anthony-khoo-svp-of-brand-marketing-the-ascott-limited/ Mr Anthony Khoo, SVP of Brand & Marketing, The Ascott Limited talks to Breaking Travel News at ITB 2015. Fri, 06 Mar 2015 17:02:59 +0000 https://www.breakingtravelnews.com/news/article/the-ascott-unveils-four-new-properties-across-asia-as-influence-grows/ https://www.breakingtravelnews.com/news/article/the-ascott-unveils-four-new-properties-across-asia-as-influence-grows/ The Ascott has continued to expand its influence across Asia, adding four new serviced apartments to its portfolio in January including properties in Malaysia, Thailand, Vietnam and Turkey. These properties are located in four key growing cities and are perfect for those travelling for both business and leisure. These additional properties continue Ascott’s rapid global expansion, putting them on track for their target of 40,000 units by the end of 2015. Thu, 05 Feb 2015 10:52:51 +0000 https://www.breakingtravelnews.com/news/article/ascott-moves-into-turkey-with-somerset-maslak-istanbul/ https://www.breakingtravelnews.com/news/article/ascott-moves-into-turkey-with-somerset-maslak-istanbul/ The Ascott has secured a contract to manage its first serviced residence in Turkey, Somerset Maslak Istanbul. Ascott’s entry into Turkey will expand the footprint of the world’s largest international serviced residence owner-operator to 90 cities across 25 countries. Slated to open in 2016, the 159-unit Somerset Maslak Istanbul has a prime location in one of Istanbul’s main business and leisure districts. Fri, 30 Jan 2015 11:21:28 +0000 https://www.breakingtravelnews.com/news/article/ascott-expands-portfolio-with-new-asian-properties-including-first-in-malay/ https://www.breakingtravelnews.com/news/article/ascott-expands-portfolio-with-new-asian-properties-including-first-in-malay/ The Ascott continues to expand its global presence by opening its first serviced residences in Cyberjaya, Malaysia; Sri Racha, Thailand and Hai Phong, Vietnam. Citadines DPulze Cyberjaya, Citadines Grand Central Sri Racha and Somerset Central TD Hai Phong City are the first international branded serviced residences in the respective cities. Ascott’s first foray into Malaysia’s Multimedia Super Corridor, the 203-unit Citadines DPulze Cyberjaya is its fifth property to open in Malaysia. Fri, 23 Jan 2015 12:14:29 +0000 https://www.breakingtravelnews.com/news/article/ascott-links-with-quest-for-significant-australian-expansion/ https://www.breakingtravelnews.com/news/article/ascott-links-with-quest-for-significant-australian-expansion/ The Ascott, the world’s largest international serviced residence owner-operator, has entered into a strategic partnership with Quest Serviced Apartments. Under the terms of the deal, Ascott expects to invest up to AUD500 million to acquire new properties that Quest will secure for its franchise in Australia over the next five years. Thu, 23 Oct 2014 08:53:54 +0000 https://www.breakingtravelnews.com/news/article/the-ascott-reveals-four-new-properties-as-ambitious-expansion-continues/ https://www.breakingtravelnews.com/news/article/the-ascott-reveals-four-new-properties-as-ambitious-expansion-continues/ The Ascott Limited has opened its first serviced residences in Hangzhou, China and Hamburg, Germany. In addition, the company has opened its second premier Ascott-branded serviced residence in Jakarta, Indonesia and secured a management contract for its second Ascott-branded serviced residence in Dubai which is slated to open in 2017. Tue, 21 Oct 2014 09:31:19 +0000