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CAPITALAND ASCOTT TRUST PROPOSES S$530.8 MILLION ACQUISITION OF THREE LODGING ASSETS IN LONDON, DUBLIN AND JAKARTA
Press Release: Accommodation — August 8th, 2023
Proposed acquisition is 1.8% accretive to Distribution per Stapled Security (DPS); Two existing CLAS properties in central Sydney and London to undergo asset enhancement initiatives (AEIs) with estimated yields on AEI cost of approximately 11% ; Property value of the two existing properties and new acquisition in London expected to increase by S$385.5 million after AEIs and stabilisation.
 
ASCOTT UNVEILS NEW TARGET TO DOUBLE FEE REVENUE TO OVER S$500 MILLION IN NEXT 5 YEARS
Press Release: Accommodation — April 21st, 2023
New signings of over 4,000 units in 1Q propel Ascott to exceed current target of 160,000 units.
 
CAPITALAND ASCOTT TRUST PARTNERS WITH THE INTERNATIONAL FINANCE CORPORATION ON ITS FIRST SUSTAINABILITY-LINKED BOND IN THE HOSPITALITY SECTOR
Press Release: Accommodation — November 1st, 2022
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ASCOTT ACQUIRES FIRST LYF COLIVING PROPERTY IN SYDNEY THROUGH ITS SERVICED RESIDENCE GLOBAL FUND
Press Release: Accommodation — June 2nd, 2022
Expands lyf brand with the opening of Ascott’s first lyf property in Australia, lyf Collingwood Melbourne, and the eighth lyf property to open globally.
 
ASCOTT ACQUIRES TWO PROPERTIES IN NINGBO AND AMSTERDAM FOR ABOUT S$190 MILLION THROUGH ITS SERVICED RESIDENCE GLOBAL FUND
Press Release: Accommodation — March 23rd, 2022
Acquisitions to grow Ascott’s fund under management to S$9 billion when fully deployed.
 
ASCOTT ACHIEVES RECORD GROWTH IN 2021 WITH 15,100 UNITS SIGNED AND HIGHEST-EVER PROPERTY OPENINGS OF OVER 8,200 UNITS
Press Release: Accommodation — January 10th, 2022
Secures 58 new franchise and management contracts to add over 12,500 units across Asia Pacific, Europe, Middle East and Africa. Continues to grow fee income through lodging operations.
 
ASCOTT CROWNED WORLD’S LEADING SERVICED APARTMENT BRAND AT WORLD TRAVEL AWARDS 2021
Press Release: Travel Awards — December 17th, 2021
Biggest winner at the World Travel Awards 2021 with a total of 28 accolades; the greatest number of awards won amongst serviced residence companies.
 
ASCOTT VOTED LEADING SERVICED APARTMENT BRAND FOR ASIA MIDDLE EAST AND OCEANIA AT WORLD TRAVEL AWARDS 2021
Press Release: Accommodation — October 19th, 2021
Wins the most number of awards amongst serviced residence players with 17 accolades across the regions.
 
ASCOTT SEALS STRATEGIC PARTNERSHIP WITH SUN GROUP TO MANAGE VIETNAM'S LARGEST SERVICED RESIDENCE INTEGRATED DEVELOPMENT
Press Release: Accommodation — October 12th, 2021
Recognition of Ascott’s international lodging expertise by leading industry players set to bring more opportunities to build its pipeline of properties.
 
ASCOTT AND ASCOTT RESIDENCE TRUST JOINTLY INVEST AND DEVELOP STUDENT ACCOMMODATION PROPERTY IN SOUTH CAROLINA, USA FOR US$109.9 MILLION
Press Release: Accommodation — June 16th, 2021
The first of a pipeline of student accommodation assets under Ascott’s partnership with a leading student housing developer to accelerate growth in the USA.
 
ASCOTT EXPANDS CITADINES IN INDONESIA WITH OPENING OF CITADINES BERAWA BEACH BALI
Press Release: Accommodation — February 11th, 2021
The serviced residence offers guests a safe home, award-winning services and exclusive benefits for Ascott Star Rewards members.
 
ASCOTT IS RECOGNISED AS LEADING SERVICED APARTMENT BRAND IN ASIA AND EUROPE AT WORLD TRAVEL AWARDS 2020
Press Release: Travel Awards — November 3rd, 2020
Wins ‘Best Serviced Residence Brand’ for seventeen and three consecutive years at Business Traveller Asia-Pacific and Middle East Awards 2020 respectively.
 
ASCOTT EXPANDS CITADINES PORTFOLIO IN EUROPE WITH NEW ISLINGTON APART'HOTEL
Press Release: Accommodation — September 10th, 2020
Ascott has opened Citadines Islington London - the newest addition to its Citadines’ Apart’hotel portfolio in Europe.
 
ASCOTT OFFERS 'WORK IN RESIDENCE' AND 'SPACE-AS-A-SERVICE'
Press Release: Accommodation — August 13th, 2020
Optimises the use of space in its properties to extend service offerings and strengthen Ascott’s dominant lodging position in the new normal.
 
ASCOTT ACHIEVES 139% YOY GROWTH WITH RECORD OVER 5,400 NEW UNITS ADDED GLOBALLY AMID COVID-19 CRISIS
Press Release: Accommodation — June 16th, 2020
25 new properties signed as domestic demand for serviced residences remains resilient while international travel gradually resumes.
 
ASCOTT STAR REWARDS OFFER MEMBERS GREATER FLEXIBILITY
Press Release: Accommodation — April 30th, 2020
Membership triples as Ascott’s loyalty programme turns one.
 
ASCOTT OPENS RECORD 7,500 UNITS AND SIGNS OVER 14,100 UNITS IN 2019 TO BOOST FEE INCOME
Press Release: Accommodation — December 18th, 2019
Secures 25 new franchise and management contracts offering over 3,400 units across Asia Pacific and Africa.
 
ASCOTT IS BIGGEST WINNER AMONG SERVICED RESIDENCE PLAYERS AT 2019 WORLD TRAVEL AWARDS ASIA & OCEANIA
Press Release: Accommodation — October 15th, 2019
Voted ‘Asia’s Leading Serviced Apartment Brand’ for the fourth consecutive year.
 
ASCOTT ACQUIRES S$192-MILLION FREEHOLD PROPERTY IN SYDNEY THROUGH GLOBAL FUND WITH QATAR INVESTMENT AUTHORITY
Press Release: Accommodation — September 27th, 2019
Announces 13 other properties under management and franchise contracts.
 
ASCOTT TRANSFORMS DIGITAL ECOSYSTEM TO SUPPORT RAPID EXPANSION AS GLOBAL LODGING PORTFOLIO GROWS OVER 30% ANNUALLY
Press Release: Hotels — April 23rd, 2019
Debuts Ascott Star Rewards as world’s first serviced residence loyalty programme to offer full flexibility to earn and redeem points.
 
ASCOTT UNVEILS CITADINES CONNECT BUSINESS HOTELS TO EXPAND SHORT-STAY OFFERINGS
Press Release: Hotels — March 27th, 2019
A sub-brand of the established Citadines serviced residence brand, Citadines Connect business hotels with limited services cater to highly mobile, constantly connected travellers.
 
ASCOTT REIT’S 4Q 2018 DISTRIBUTION PER UNIT INCREASES 5% TO 2.15 CENTS
Press Release: Hotels — January 29th, 2019
FY 2018 Unitholders’ distribution of S$154.8 million is record high for third consecutive year.
 
ASCOTT SCALES UP LODGING BUSINESS WITH US$26-MILLION INVESTMENT IN INDONESIA’S LEADING HOTEL OPERATOR TAUZIA
Press Release: Hotels — September 18th, 2018
Set to expand beyond serviced residences and apartments for corporate lease to advance in business hotel segment.
 
ASCOTT OPENS TWO CITADINES APART’HOTELS IN VIETNAM – THE COUNTRY’S LARGEST SERVICED RESIDENCE IN DANANG AND ITS FIFTH PROPERTY IN HO CHI MINH CITY
Press Release: Accommodation — August 1st, 2018
Citadines Blue Cove Danang overlooking Danang Bay and Citadines Regency Saigon in Ho Chi Minh City’s business district increase Ascott’s operating properties to 12 across five cities in Vietnam.
 
ASCOTT GAINS ACCESS TO 1,600-UNIT PIPELINE IN THE PHILIPPINES THROUGH STRATEGIC ALLIANCE WITH CEBU LANDMASTERS
Press Release: Accommodation — July 26th, 2018
Market leading expertise lauded with Ascott Makati set to receive world’s first serviced residence green certification from International Finance Corporation, a member of the World Bank Group.
 
ASCOTT MARKS 20TH YEAR IN CHINA WITH THE OPENING OF NANTONG’S FIRST INTERNATIONAL-CLASS SERVICED RESIDENCE AND ITS FOURTH PROPERTY IN SUZHOU
Press Release: Accommodation — June 21st, 2018
Ascott Harmony City Nantong in the fast-growing Nantong’s financial hub and Somerset Baitang Suzhou in Suzhou Industrial Park increase Ascott’s operating properties to 56 across over 20 cities in China.
 
ASCOTT WINS MIDDLE EAST’S LEADING SERVICED APARTMENT BRAND AT WORLD TRAVEL AWARDS 2018 FOR THE THIRD CONSECUTIVE YEAR
Press Release: Accommodation — April 20th, 2018
Ascott was the biggest winner at World Travel Awards Middle East Gala Ceremony 2018.
 
ASCOTT TIES UP WITH LEADING DEVELOPERS IN CHINA, JAPAN AND THAILAND TO BOOST PIPELINE
Press Release: Accommodation — April 9th, 2018
Portfolio expansion gathers momentum with more than 5,000 units added within first quarter of 2018, over 300% increase year-on-year.
 
SWISS-BELHOTEL INTERNATIONAL MAKES TRAVEL MORE REWARDING FOR SINGAPORE AIRLINESKRISFLYER MEMBERS
Press Release: Hotels — March 22nd, 2018
Swiss-Belhotel International, the award-winning global hotel chain and hospitality management group, will offer Singapore Airlines KrisFlyer miles to members who stay at the brand’s hotels, resorts and serviced residences around the world..
 
ASCOTT OPENS ITS FIRST SERVICED RESIDENCE IN CAMBODIA
Press Release: Accommodation — November 7th, 2017
CASA Meridian Residence is the first international-class serviced residence in the capital and economic hub Phnom Penh.
 
ASCOTT PROPELS GROWTH OF CITADINES BRAND IN SINGAPORE WITH TWO NEWS PROPERTIES IN RAFFLES PLACE AND ROCHOR PRECINCT
Press Release: Accommodation — October 30th, 2017
Citadines’ portfolio in Singapore more than doubles to over 900 units to become the country’s leading serviced residence brand with the most number of units.
 
FOR THE SECOND YEAR RUNNING, CITADINES AWARDED EUROPE’S LEADING SERVICED APARTMENT BRAND AT WORLD TRAVEL AWARDS 2017
Press Release: Travel Awards — October 5th, 2017
For The Second Year Running, Citadines Awarded Europe’s Leading Serviced Apartment Brand at World Travel Awards 2017.
 
ASCOTT IS RECOGNISED AS THE BEST SERVICED RESIDENCE BRAND AND CORPORATE HOUSING PROVIDER BY BUSINESS TRAVELLERS WORLDWIDE
Press Release: Accommodation — September 12th, 2017
Garners over 100 accolades year to date, exceeding that for full year 2016.
 
ASCOTT BECOMES SINGAPORE’S LARGEST SERVICED RESIDENCE OPERATOR WITH S$170 MILLION TO INVEST AND DEVELOP FUNAN’S CO-LIVING COMPONENT
Press Release: Accommodation — August 4th, 2017
Over 20,000 units added to global portfolio year to date, outpacing full year 2016 growth by two-fold.
 
ASCOTT NOTCHES UP BUSINESS TRANSFORMATION WITH ACQUISITION OF 80% STAKE IN SYNERGY GLOBAL HOUSING IN U.S.
Press Release: Accommodation — July 24th, 2017
Second majority-stake acquisition within a month as Ascott gathers momentum to surpass global portfolio target of 80,000 units well ahead of 2020.
 
ASCOTT OPENS ITS FIRST CITADINES APART’HOTEL IN VIETNAM
Press Release: Accommodation — July 17th, 2017
Citadines Bayfront Nha Trang marks the entry of Ascott’s fastest growing brand and the only international-class serviced residence in the city.
 
ASCOTT ACQUIRES MAJORITY STAKE IN QUEST APARTMENT HOTELS FOR A$180 MILLION TO BECOME LARGEST SERVICED RESIDENCE PROVIDER IN AUSTRALASIA
Press Release: Accommodation — July 5th, 2017
On track to exceed 2020 target of 80,000 units globally as acquisition boosts portfolio by over 11,000 units.
 
ASCOTT SURPASSES 100TH PROPERTY MILESTONE IN CHINA WITH SEVEN NEW PROPERTIES SECURED ACROSS SIX CITIES
Press Release: Accommodation — June 27th, 2017
On track to exceed its target of 80,000 units globally by 2020.
 
ASCOTT OPENS CITADINES APART’HOTEL IN ONE OF INDIA’S FASTEST GROWING CITIES
Press Release: Accommodation — June 8th, 2017
Ascott’s presence set to increase to over 1,600 units in one of the world’s top 10 economies.
 
ASCOTT EXPANDS ITS PRESENCE IN THAILAND WITH NEW PROPERTY OPENING IN EKAMAI – ONE OF BANGKOK’S TRENDIEST DISTRICTS
Press Release: Accommodation — May 29th, 2017
CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), continues to expand its presence in Thailand with the opening of its 11th property – Somerset Ekamai Bangkok. The 262-unit property is in Ekamai, one of Bangkok’s most attractive destinations for locals, expatriates and tourists. With Somerset Ekamai Bangkok, Ascott currently has a portfolio of 18 serviced residences with over 3,300 units across three cities – Bangkok, Sri Racha and Pattaya – in Thailand..
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