Ascott

Ascott and CLI fund C-WELL acquire Hotel G, to be converted to lyf Bugis

In the pipeline, Ascott will introduce more properties into its luxury serviced apartment brand, The Crest Collection.

Operating on a flex-hybrid model helps Ascott to stay agile and adaptive in the face of volatile business cycles.

With this acquisition, Ascott is 'well ahead' to achieve its 2023 target of operating 160,000 units worldwide.

Metro has acquired two additional properties in Singapore for about $150 million, and appoints Ascott to manage its Indonesia SRs.

The three serviced residences are expected to open in phases from the first quarter of 2023.

SINGAPORE (Sept 27): Ascott, the lodging business wholly owned by CapitaLand, is investing $192 million in a freehold serviced residence in the central business district of North Sydney.

SINGAPORE (Oct 19): The Ascott is investing $81.5 million to acquire and refurbish The Domain Hotel, in Silicon Valley, California.

SINGAPORE (Aug 4): RHB is remaining “neutral” on CapitaLand with a target price of $3.90, after the real estate group’s 2Q17 results came in line with the research house’s estimates.

SINGAPORE (Aug 4): The Ascott Limited is investing $170.3 million in the serviced residences component of the Funan integrated development through its fund with Qatar Investment Authority (QIA).