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Ascott
Deals, joint ventures & alliances
Ascott China and Jin Jiang Hotels enter JV to grow apartment hotel brands in China
Properties under the JV will join the distribution networks and loyalty programmes of both Ascott and Jin Jiang Hotels when booking stays at Quest and TULIP LODJ in China.
October 23, 2024
Property
The Ascott Ltd and CLI fund C-WELL acquire Hotel G for $238 million
Ascott and CLI fund C-WELL acquire Hotel G, to be converted to lyf Bugis
January 09, 2024
Company in the news
Ascott rides bleisure trend, raising the luxe bar and refreshing China properties
In the pipeline, Ascott will introduce more properties into its luxury serviced apartment brand, The Crest Collection.
October 19, 2023
Company in the news
Ascott refreshes flagship namesake brand, augments 'flex-hybrid' strategy
Operating on a flex-hybrid model helps Ascott to stay agile and adaptive in the face of volatile business cycles.
August 03, 2023
Property
Ascott to acquire serviced apartment operator Oakwood, eyes 160,000 units worldwide by 2023
With this acquisition, Ascott is 'well ahead' to achieve its 2023 target of operating 160,000 units worldwide.
July 04, 2022
M&A
Metro acquires two properties in Singapore and Australia, appoints Ascott to manage Indonesia serviced residences
Metro has acquired two additional properties in Singapore for about $150 million, and appoints Ascott to manage its Indonesia SRs.
October 22, 2021
Property
Ascott enters into partnership with Sun Group to manage largest serviced residence integrated development in Vietnam
The three serviced residences are expected to open in phases from the first quarter of 2023.
October 12, 2021
M&A
Ascott acquires $192 mil freehold property in Sydney through global fund with QIA
SINGAPORE (Sept 27): Ascott, the lodging business wholly owned by CapitaLand, is investing $192 million in a freehold serviced residence in the central business district of North Sydney.
September 27, 2019
M&A
Ascott acquires The Domain Hotel in Silicon Valley for $81.5 mil
SINGAPORE (Oct 19): The Ascott is investing $81.5 million to acquire and refurbish The Domain Hotel, in Silicon Valley, California.
October 19, 2017
Broker's Calls
Why CapitaLand is set to enjoy a boost in recurring income
SINGAPORE (Aug 4): RHB is remaining “neutral” on CapitaLand with a target price of $3.90, after the real estate group’s 2Q17 results came in line with the research house’s estimates.
August 04, 2017