The Ascott Limited (Ascott), the Official Hotels Partner of Chelsea Football Club, has concluded its fourth edition of The Famous CFC, Chelsea’s international fan engagement programme. The Hanoi showcase marked the programme’s Vietnam debut and featured […]
The Ascott Limited, the wholly owned lodging business unit of Capital and Investment (CLI), has announced the signing of Citadines Westview Nairobi, a 160-key hotel located in the capital’s established Kilimani district. The new property
Ascott expands in Nairobi with new Citadines signing Read More »
The Ascott, the Official Hotels Partner of Chelsea Football Club, launched Asia’s first Chelsea-themed hotel suites at Ascott Sudirman Jakarta and Citadines Sudirman Jakarta in Indonesia as part of The Famous CFC Jakarta, the third
Ascott Opens Asia’s First Chelsea-Themed Hotel Suites in Jakarta Read More »
The Ascott Limited (Ascott), the wholly owned lodging business unit of Singapore’s CapitaLand Investment, has signed seven new properties through franchise and management agreements totalling nearly 1,100 units across Vienna and Seville, marking a significant
Ascott Expands European Footprint with Seven New Signings in Vienna and Seville Read More »
The Ascott Limited has signed a significant hotel management agreement with Coronade Properties to manage Ascott Coronation Square Johor Bahru, a new flagship hotel in the Johor-Singapore Special Economic Zone (JS-SEZ). This collaboration marks the
Ascott signs a hotel management deal for a flagship property in Johor, Malaysia Read More »
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.
