Ascott
Ascott is a Singapore lodging business. It is a fully-owned subsidiary of CapitaLand Investment. Ascott's portfolio spans over 200 cities across over 30 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.
Ascott has more than 78,000 operating units and over 57,000 units under development, making a total of more than 135,000 units in 800 properties.
Ascott, GSTC ink deal to jointly train hospitality professionals on sustainability
The parties will facilitate over 700 hours of training in the last quarter of 2023.
Ascott, GSTC ink deal to jointly train hospitality professionals on sustainability
The parties will facilitate over 700 hours of training in the last quarter of 2023.
Large caps dominated stock index in April: UOB Kay Hian
The alpha picks portfolio improved in the stock index last month.
Ascott wants to open 70 properties worldwide
It wants to leverage travellers’ appetite for new experiences.
Asset-light strategy leads Ascott to 160,000-unit target
The company also focused on securing prime properties to double its fee revenue.
Ascott Limited to debut hotels with heritage stories in SG, China, Vietnam
The portfolio is titled The Crest Collection.
CapitaLand Ascott Trust’s DPS up by 47% in H2 22 due to ‘strong portfolio’
Its gross profit also went up 80% during that year.
Ascendas REIT, Ascott Residence Trust, Ascendas India revise names
The names of their managers were also changed.
The names of property firms, Ascendas Real Estate Investment Trust (Reit), Ascott Residence Trust (ART), and Ascendas India Trust, were modified as well as their managers.
Earnings of prime retail malls will take longer to reach 2019 levels: Fitch
An example of these malls are those owned by Starhill Global Reit.
Ascott Residences Trust reveals $150m private placement
It will benefit its stapled security holders.
Ascott Residences Trust to acquire nine properties in five countries
The estimated costs of the acquisitions totaled $318.3m.
Ascott acquires first lyf-branded co-living property in Tokyo
The property will be acquired through the Ascott Serviced Residence Global Fund.
Ascott Residence Trust posts 14% DPS growth in H1 22
Its distribution per stapled security went up to $0.0233.
CLI to receive immediate fee income from Ascott’s acquisition of Oakwood
Oakwood has 81 properties and 15,000 units under management.
Ascott to acquire Oakwood Worldwide from MapleTree Investments
The acquisition will increase Ascott’s global portfolio by 81 properties.
CapitaLand Investment Limited’s lodging business, The Ascott Limited (Ascott), will acquire apartment provider, Oakwood Worldwide, from Mapletree Investments.
Ascott said Oakwood will increase its global portfolio by 81 properties and about 15,000 units.
Upon the completion of its acquisition in Q322, Ascott said Oakwood will also “immediately” contribute to its recurring fee income streams.
“The acquisition of Oakwood will leapfrog Ascott’s global presence to more than 150,000 units in about 900 properties across over 200 cities in 39 countries. It will add new markets which include Cheongju in South Korea; Zhangjiakou and Qingdao in China; Dhaka in Bangladesh as well as Washington D.C. in the United States of America (USA),” Ascott said in a bourse disclosure.
Kevin Goh, CLI’s Chief Executive Officer for Lodging added that Oakwood’s addition to Ascott will also bring an immediate boost to the company’s units under management and franchise contracts.
REITs ‘not out of the woods yet’ but easing of inflation offers respite
UOB Kay Hian noted the easing of US core inflation to 4.9% in April 2022.
Ascott acquires first lyf-branded co-living property in Sydney, Australia
The freehold asset was acquired through its serviced residence global fund.
Ascott opens lyf Farrer Park Singapore in Little India
It is Ascott’s third coliving property in Singapore under the lyf brand.
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