CapitaLand Ascott Trust (CLAS) has divested Citadines Karasuma-Gojo Kyoto in Japan to an unrelated third party for about JPY6.18 billion (S$53.1 million[1]). The 124-unit property was divested at 40.1% above book value at an exit […]
CapitaLand Ascott Trust divests Citadines Karasuma-Gojo Kyoto Read More »
From managing high-profile properties across Asia and Africa to leading the launch of Ascott Thonglor Bangkok, Mr. Koen Vermeersch, Area Manager of Ascott Thonglor Bangkok, shares his insights on the future of the hotel industry,
Koen Vermeersch, Area Manager, Ascott Thonglor Bangkok Read More »
In the first half of 2024, CapitaLand Ascott Trust (CLAS) achieved a remarkable 12% increase in gross profit, reaching S$172.9 million. This growth was underpinned by a significant resurgence in global travel demand, leading to
CapitaLand Ascott Trust Profit Soars by 12% as Global Travel Rebounds Read More »
Ascott and C-WELL have teamed up to transform a prime lodging property into lyf Bugis Singapore, marking a significant evolution in Singapore’s hospitality landscape. This joint venture sees both entities holding a 50% stake in
CapitaLand Ascott Trust (CLAS) has announced the divestment of three Osaka hotels, marking a major transaction in Japan’s hotel market. The deal, which amounts to a striking JPY10.7 billion (approximately USD 99.8 million), involves the
CapitaLand Ascott Trust Sells Three Osaka Hotels for Over JPY10 Billion Read More »
Ascott Residence Trust (ART) is proposing to acquire nine quality serviced residences, rental housing and student accommodation properties across five countries from its sponsor, The Ascott Limited.
Ascott Residence Trust Expands with New Acquisitions Read More »
CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) announced it is acquiring Oakwood Worldwide (Oakwood), a premier global serviced apartment provider, from Mapletree Investments Pte Ltd.
The Ascott Limited (Ascott) is acquiring its first lyf-branded coliving property in Sydney, Australia.
Ascott Acquires first lyf Coliving Property in Sydney Read More »
CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) has upgraded its loyalty program, Ascott Star Rewards (ASR), to offer more rewards for members’ bookings made via its direct channels1.
CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) has established a development venture totalling US$150 million (S$204.8 million) in committed equity to develop student accommodation assets in the USA.
Ascott and Riyadh Capital to Develop Student Accommodation Assets in the USA Read More »
Ascott Residence Trust (ART) will acquire four student accommodation assets in the USA for US$213.0 million (S$291.2 million).
Ascott Residence Trust Doubles Its Student Accommodation Assets Read More »
Ascott Residence Trust (ART) will acquire a freehold 548-bed student accommodation asset, named Seven07 in Champaign, Illinois, USA for US$83.25 million[1] (S$112.4 million[2]).
Ascott Announces USA Acquisition for US$83.25 Million Read More »
