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The Ascott Limited (Ascott)
Property
Ascott to develop US student accommodation assets with Riyad Capital; venture has total committed equity of $204.8 mil
When fully deployed, the venture will boost Ascott’s funds under management (FUM) by US$375 million.
February 03, 2022
Property
Ascott sees record growth in units for fifth straight year in 2021 despite Covid-19 headwinds
Ascott also closed 2021 with its highest-ever property openings, with over 8,200 units launched in 40 properties in 10 countries.
January 10, 2022
Company in the news
Ascott named 'World's Leading Serviced Apartment Brand' at World Travel Awards 2021
Kevin Goh, Ascott’s CEO says the recognition is a “strong validation of [Ascott's] quality lodging properties".
December 16, 2021
Property
Ascott sees over 40% y-o-y growth in first 7 months of 2021
Up to July, Ascott has achieved a record of over 2,800 new units in Vietnam.
July 21, 2021
M&A
CapitaLand's Ascott acquires properties in Paris and Hanoi for $210 mil through global fund
Post-acquisition, Ascott’s total fund assets under management will increase to some $8 bil.
June 21, 2021
REITs
Ascott and Ascott Residence Trust to jointly develop student accommodation in the US for US$109.9 mil
The accommodation is the first under Ascott’s partnership with a student housing developer to accelerate growth in the US.
June 16, 2021
Property
CapitaLand’s Ascott partners with International SOS to offer telehealth, telecounselling and travel advisory to guests
Ascott will offer guests complimentary telehealth, telecounselling and travel security advisory services from June 1.
May 31, 2021
Property
Ascott achieves fourth year of growth with addition of over 14,200 units in 2020
The new properties will boost Ascott’s annual fee income by over $27 million.
January 12, 2021
Company in the news
Ascott Limited giving away $13 mil worth of goodies on Shopee's 12.12 sale till end of 2020
Online transactions in Southeast Asia are forecast to hit US$300 billion ($401.15 billion) by 2025.
December 10, 2020
Property
Ascott Limited expands Citadines portfolio in Europe with new London hotel
The 108-unit serviced residence is housed in an Edwardian building, and is located in London's Islington Square.
September 10, 2020