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Ascott continues expansion spree with another 26 properties

CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), has signed 26 properties, set to add over 6,000 units across 22 cities in...

Ascott launches serviced residence loyalty programme

The Ascott has launched Ascott Star Rewards, said to be the world’s first loyalty programme in the serviced residence industry. Members will enjoy a range...

Making room for all

Serviced residences are no longer exclusively targeting the extended stay market, as the sector responds to shifts in market demand for shorter stays and smaller units.

Rising start-up culture drives Ascott’s lyf into more Asian cities

The Ascott's co-living lyf brand is gaining traction in Asia, making up a trio of signings among the hospitality company's new 14 contracts clinched...

Letting go to let it grow

Rather than owning 100 per cent of his “beloved baby”, Marc Steinmeyer, CEO of The Green Oak Hotel Management, the holding company of Tauzia Hotels, tells why he’s willing to cede a 70 per cent stake to Ascott to achieve his vision of growing the business beyond Indonesia

Ascott expands short-stay offerings with Citadines Connect sub-brand

The Ascott has launched Citadines Connect, a line of business hotels with selected services, in a bid to widen its short-stay offerings.

After Tauzia, Ascott partners developer Ciputra in Indonesia

Ascott has formed a strategic alliance with Ciputra Development Group, one of Indonesia’s top property developers, to manage serviced residences in Indonesia and China...

Ascott Reit secures first co-living development in Singapore innovation hub

Singapore's Ascott Residence Trust (Ascott Reit) has acquired a prime greenfield site for S$62.4 million (US$45.6 million) for its maiden development project. The property is...

CapitaLand’s Ascott gets 70% stake in Indonesia’s Tauzia with US$26m investment

CapitaLand’s wholly owned serviced residence business unit, Ascott, is investing US$26 million for a 70 per cent stake in Green Oak Hotel Management, the...

Ascott seals deal for 1,600 additional units in Philippines

Ascott has entered into an alliance with Philippines' Cebu Landmasters (CLI) to manage 1,600 units in the country by 2022. The two parties have already...

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