Ascott posts 55% surge in signings to 7,300 units in 2025

Over 25 additional properties are slated to launch within the next 12 months.

The Ascott Limited, the lodging arm of CapitaLand Investment, recorded its strongest year of signings in Southeast Asia in 2025, adding more than 7,300 units across the region. 

This was a 55% increase from 4,700 units signed in 2024, it said in a bourse filing.

The company now has more than 200 operational properties in the region and a pipeline of about 150 projects. 

Over 25 new properties are expected to open within the next 12 months, reflecting continued owner demand and the company’s ability to convert signed deals into operating assets.

The company plans to expand into around 20 new cities, including Phu Quoc and Nha Trang in Vietnam, Phuket and Hat Yai in

Thailand, Labuan Bajo and Medan in Indonesia, Davao and Biñan in the Philippines, and Johor Bahru and Langkawi in Malaysia. 

Around 30% of Ascott’s development pipeline will come from conversions of existing properties.