In 2025, Ascott entered more than 10 new cities across Asia Pacific and Europe, growing its global footprint to over 230 cities in more than 40 countries. The company now operates and has under development more than 1,000 properties with over 176,000 units globally, according to a Feb 9 announcement.
The Ascott, the wholly owned lodging business unit of CapitaLand Investment (CLI), signed a record 19,000 units across 102 properties in 2025, marking 27% y-o-y growth.
Ascott generates fee-related revenue for CLI. Its asset-light expansion was led by higher fee segments such as resorts, supported by accelerating franchise momentum and strong conversion activity, says the owner of brands like Citadines, Lyf and Oakwood.
