Tag: Ascott
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...
New hotels: Pullman Luang Prabang, Four Seasons Hotel Kuala Lumpur and...
The latest hotel openings and announcements made this week.
Ascott creates Chinese JV to accelerate expansion through ‘manachising’
Ascott is targeting to triple its Citadines room inventory by 2025 through a joint venture with Chinese hotel operator Huazhu Hotels Group and CJIA...
Ascott fast-tracks Asian expansion with deals in China, Japan and Thailand
Ascott is accelerating its expansion in Asia by forging strategic partnerships with developers in China, Japan and Thailand, amid an aggressive expansion expected to...
Getting the long and short of it
No longer catering to the traditional market of long stayers, operators get more creative with their product offering, rolling out new millennial-oriented brands, bleisure amenities and even service robots
