Ascott Group News
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.
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.
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.
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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.
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.
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.
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.
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”.
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.
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.
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.
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.