The Ascott Limited

Contracts

Ascott wins contracts to manage 14 new properties including three under lyf

SINGAPORE (Apr 9): The Ascott Limited, CapitaLand’s lodging business unit, has won contracts to manage 14 properties with over 2,000 units in China, Germany, India, Indonesia, Japan, Malaysia, Thailand and Saudi Arabia.

CapitaLand CIO Lee Chee Koon to succeed Lim Ming Yan as president & group CEO

SINGAPORE (Aug 29): CapitaLand has appointed its current group chief investment officer (CIO), Lee Chee Koon, to succeed Lim Ming Yan as president and group CEO with effect from 15 Sept.

Property

Ascott names Cebu Landmasters as strategic partner; Makati property to receive world-first green certification

SINGAPORE (July 26): CapitaLand’s wholly-owned service residence business unit, The Ascott Limited, has entered into a strategic alliance with Filipino developer Cebu Landmasters to manage a total of 1,600 units by 2022.

Property

Ascott teams up with China, Japan, Thailand developers to boost management pipeline

SINGAPORE (Apr 9): The Ascott, CapitaLand’s serviced residence business unit, is partnering leading developers in China, Japan and Thailand to manage apartments currently under development as well as future projects by these companies.

Property

Ascott signs 9 new management contracts in China; crosses 20,000-unit target ahead of time

SINGAPORE (Jan 4): CapitaLand’s serviced residence business unit, The Ascott Limited, recently won contracts to manage nine properties with over 2,000 units in China.

Property

Ascott to manage two properties in Africa

SINGAPORE (Dec 18): CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited, has secured contracts to manage two properties situated in Accra, the capital of Ghana.  

Ascott wins contracts to manage 2 Citadines serviced residences

SINGAPORE (Oct 30): The Ascott Limited, CapitaLand’s serviced residence business unit, has secured contracts to manage two properties in the CBD and near the Ophir-Rochor Corridor.

M&A

Ascott acquires The Domain Hotel in Silicon Valley for $81.5 mil

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

Ascott surpasses 100th property milestone with 7 new properties in China

SINGAPORE (June 27): The Ascott Limited, CapitaLand’s wholly-owned residence business unit, has secured seven new contracts to manage over 1,300 apartments across six cities in China.

Property

Ascott acquires hotel on New York’s Fifth Avenue for $68 mil

SINGAPORE (May 5): The Ascott Limited, CapitaLand’s wholly-owned serviced residence business unit, has acquired a prime property on New York’s Fifth Avenue.
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