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The Ascott Limited (Ascott)
REITs
Singapore will always have ‘resilient demand’ for hospitality, say CLAS’s managers
The managers say acquiring lyf Funan was “right” for CLAS as the property ticked all the right boxes including its location in a key gateway city, prime location and resilient demand.
October 03, 2024
Tourism
Ascott secures 28 new signings year-to-date, adding over 3,400 units in Southeast Asia
The expansion comes amid “strong growth prospects” in the region, says Ascott.
September 23, 2024
New appointments
Ascott makes six key appointments in business development, strategy and operations
These appointments will support Ascott’s goal of achieving over $500 million in fee revenue by 2028, says the group.
June 27, 2024
Corporate moves
Ascott sees potential in Japan market, plans footprint expansion
The Japan market is booming and Ascott is seeing opportunities there.
March 27, 2024
Results
Ascott achieves record year of fee earnings and highest number of property openings
CLI's Ascott posts record year in 2023, with highest earnings and property openings.
February 29, 2024
Property
Ascott signs eight new properties under lyf brand
These properties, which total close to 1,500 units, are scheduled to open over the next four years.
January 09, 2024
Sustainability
Ascott, UN-formed tourism body train hospitality staff in sustainability
A total of 27 tourism professionals took part in the three-day sustainability course.
October 19, 2023
Sustainability
Ascott signs MOU with UN-formed body to train hospitality staff in sustainability starting October
The partnership with the Global Sustainable Tourism Council (GSTC) is expected to facilitate over 700 training hours.
July 20, 2023
Tourism
Ascott to open 70 properties globally in 2023
The 70 properties, which have close to 13,500 units, will span across all of Ascott’s brands, including lyf, Citadines and Oakwood
April 25, 2023
Company in the news
Ascott targets to double fee revenue to over $500 mil in next five years
The lodging business also announced that it has hit its target to secure 160,000 units by 2023.
April 20, 2023