The new signings, adding over 3,400 units across various brands of the lodging business also mark Ascott’s entry into new cities such as Purwakarta in Indonesia and Kulim in Malaysia.
The Ascott Limited, CapitaLand Investment’s (CLI) wholly-owned lodging business unit, announced that it has secured 28 new signings year-to-date (ytd) in Southeast Asia, accounting for over half of Ascott’s global signings in the same period.
Seven of the newly signed properties are under Oakwood and will open in Cambodia and Singapore, as well as expand across cities in Indonesia. The remaining signings are through other brands including Somerset, Citadines, The Unlimited Collection and lyf.
