These new signings will boost Ascott’s portfolio in Europe by 14% to about 8,000 units across six brands, and extend Ascott’s presence in five new cities, Colmar, France and Edinburgh, Glasgow, Leicester and Manchester in the UK. This will take the group’s presence in the European region to 29 cities.
Ascott Limited, the lodging business unit wholly-owned by CapitaLand Investment (CLI), has made several moves in the European market as part of its global expansion strategy.
The group has added six new properties to its European portfolio, marking the debut of its ‘The Unlimited Collection’ brand and expansion of the ‘lyf’ hospitality co-living brand in the region.
