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.
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
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.
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
The award-winning Ascott has upgraded its loyalty programme, Ascott Star Rewards, to offer more rewards for members’ bookings made via its direct channels.
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.
This marks the fifth consecutive year the company has achieved record growth in units organically despite Covid-19 headwinds in the past two years.
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
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.
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
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