Ascott adds 11 new resorts in Asia and Middle East portfolio

The firm said it has more than 20 new resort properties slated to open in the future.

The Ascott Limited has added 11 new resort properties in Asia and the Middle East over the past 10 months, bringing its global resort portfolio to about 50 properties.

According to the company, the new resorts were secured through management and franchise agreements, as part of an asset-light expansion strategy targeting the fast-growing leisure travel segment.

Ascott said the growth leverages its “multi-typology” brand approach, adapting brands such as Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection, and The Unlimited Collection to resort settings.

The new signings include properties in Phuket (Thailand), Bali and Labuan Bajo (Indonesia), Phu Quoc, Nha Trang, Cam Ranh and Sam Son (Vietnam), Gangneung (South Korea) and Marjan Island in Ras Al Khaimah (United Arab Emirates).

Amongst the newly signed properties are the 254-room Ascott Abov Patong Phuket Resort in Thailand, set to open in 2027, and several developments in Vietnam, including Somerset Nha Trang, Citadines Selavia Phu Quoc and HARRIS Resort Cam Ranh.

In Indonesia, Ascott is entering Labuan Bajo with a lyf-branded property due in 2027, alongside new Oakwood developments in Bali and Sanur.

Other additions include Oakwood Gangneung in South Korea and Al Mahra Resort by The Crest Collection on Marjan Island in Ras Al Khaimah, scheduled to open in 2027.

Ascott said it has more than 20 new resort properties slated to open over the next three years.

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