The 25 new properties, which are secured under management contracts, franchise contracts and a lease, expands Ascott’s geographical reach into four major new cities in China, Indonesia, and Morocco.
SINGAPORE (June 17): CapitaLand’s wholly-owned lodging business unit The Ascott Limited announced that it has secured contracts for 25 new properties with over 5,400 units across 19 cities around the world on Wednesday.
This is the largest number of new properties Ascott has secured within the first five months of any year. The contracts have brought a 139% y-o-y increase in the number of units compared to the same period in 2019.
