The move comes at a time when Ascott seeks to address emerging travel trends post-Covid-19.
CapitaLand Investment’s (CLI) (SGX:9CI
) international lodging business unit, The Ascott Limited, says it expects to open 70 properties globally across fast-growing markets in Asia Pacific (APAC) and Europe in 2023.
The 70 properties, which have close to 13,500 units, will span across all of Ascott’s brands, including lyf, Citadines and Oakwood.
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