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.
Bob Tan to retire as board chairman of CapitaLand Ascott Trust
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.
Ascott Limited to debut hotels with heritage stories in SG, China, Vietnam
The portfolio is titled The Crest Collection.
CapitaLand Ascott Trust’s DPS up by 47% in H2 22 due to ‘strong portfolio’
Its gross profit also went up 80% during that year.
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.
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