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.

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).

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.

Ascendas REIT, Ascott Residence Trust, Ascendas India revise names 

The names of their managers were also changed.   The names of property firms, Ascendas Real Estate Investment Trust (Reit), Ascott Residence Trust (ART), and Ascendas India Trust, were modified as well as their managers. 

Earnings of prime retail malls will take longer to reach 2019 levels: Fitch

An example of these malls are those owned by Starhill Global Reit.

Ascott Residences Trust reveals $150m private placement

It will benefit its stapled security holders.

Ascott Residences Trust to acquire nine properties in five countries

The estimated costs of the acquisitions totaled $318.3m.

Ascott acquires first lyf-branded co-living property in Tokyo

The property will be acquired through the Ascott Serviced Residence Global Fund.

Ascott Residence Trust posts 14% DPS growth in H1 22

Its distribution per stapled security went up to $0.0233.

CLI to receive immediate fee income from Ascott’s acquisition of Oakwood

Oakwood has 81 properties and 15,000 units under management.

Ascott to acquire Oakwood Worldwide from MapleTree Investments

The acquisition will increase Ascott’s global portfolio by 81 properties.   CapitaLand Investment Limited’s lodging business, The Ascott Limited (Ascott), will acquire apartment provider, Oakwood Worldwide, from Mapletree Investments.   Ascott said Oakwood will increase its global portfolio by 81 properties and about 15,000 units.    Upon the completion of its acquisition in Q322, Ascott said Oakwood will also  “immediately” contribute to its recurring fee income streams.   “The acquisition of Oakwood will leapfrog Ascott’s global presence to more than 150,000 units in about 900 properties across over 200 cities in 39 countries. It will add new markets which include Cheongju in South Korea; Zhangjiakou and Qingdao in China; Dhaka in Bangladesh as well as Washington D.C. in the United States of America (USA),” Ascott said in a bourse disclosure.   Kevin Goh, CLI’s Chief Executive Officer for Lodging added that Oakwood’s addition to Ascott will also bring an immediate boost to the company’s units under management and franchise contracts.  

REITs ‘not out of the woods yet’ but easing of inflation offers respite

UOB Kay Hian noted the easing of US core inflation to 4.9% in April 2022.

Ascott acquires first lyf-branded co-living property in Sydney, Australia

The freehold asset was acquired through its serviced residence global fund.