Ascott

Ascott is a Singapore lodging business. It is a fully-owned subsidiary of CapitaLand Investment. Ascott's portfolio spans over 200 cities across over 30  countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.  

Ascott has more than 78,000 operating units and over 57,000 units under development, making a  total of more than 135,000 units in 800 properties.

SBR Technology Excellence Awards 2024 Winner: The Ascott Limited

Jasmine Sim, Vice President/Brand & Marketing at The Ascott Limited, spotlights their Gen AI chatbot, Cubby, designed to better meet customer needs. Cubby has already enhanced guest experiences by handling over 60,000 inquiries, supporting both guests and live chat agents.

Citadines Connect City Centre seeks to offset booking woes with TA Network deal

The partnership will enhance the handling of payments with travel agencies and more.

Ascott clinches SBR Technology Excellence Awards 2024 for AI chatbot

Cubby reimagines the guest journey with a GenAI-powered virtual ‘travel buddy’.

SREITs’ retail, office, hospitality saw strong recovery in Q4 2023: analyst

Hospitality and retail will continue to benefit from visitor arrivals and domestic spending.

Ascott REIT issues $120m notes due 2029

The notes are priced at 3.69% per annum.

Bob Tan to retire as board chairman of CapitaLand Ascott Trust

Lui Chong Chee will succeed Tan on 22 April 2024.

Ascott reports record-high $331m fee earnings in 2023

It also reported the highest number of property openings in a single year.

Ascott, C-WELL acquire Bugis hotel, to relaunch under lyf brand

The planned lyf Bugis Singapore is expected to launch in mid-2024.

Ascott launching 8 new lyf properties over next four years

The new properties are located in Singapore, Malaysia, Bali, Sydney, Tokyo, and Frankfurt.

Ascott’s The Crest Collection debuts in Asia at 3 destination cities

The Crest Collection has over 1,500 units that are operating and in the pipeline.

CLAS seeks acquisition of $530.8m lodging assets in the UK, Dublin, and Jakarta

The proposed acquisition is 1.8% accretive to Distribution per Stapled Security (DPS).

Ascott, GSTC ink deal to jointly train hospitality professionals  on sustainability 

The parties will facilitate over 700 hours of training in the last quarter of 2023.

Large caps dominated stock index in April: UOB Kay Hian

The alpha picks portfolio improved in the stock index last month.

Ascott wants to open 70 properties worldwide

It wants to leverage travellers’ appetite for new experiences.

Asset-light strategy leads Ascott to 160,000-unit target

The company also focused on securing prime properties to double its fee revenue.