Reading Time: 2 minutes Singapore: The Ascott Limited (Ascott) has established a development venture totalling US$150 million in committed equity to develop student accommodation assets in the USA.
Reading Time: < 1 minute UAE: Ascott is on track to achieve its regional target of adding 6,000 units to its Middle East, Africa, and Turkey portfolio, to reach a total of 10,000 units by 2025.
Reading Time: < 1 minute Singapore: Ascott secured 15,100 units across 72 properties globally in 2021, marking the fifth consecutive year the company has achieved record growth.
Reading Time: 6 minutes SAN catches up with Billy Hughes, UK area manager for The Ascott Limited, about the challenges and opportunities overseeing the group’s UK portfolio, technological innovation, and growth plans.
Reading Time: < 1 minute France: Ascott has entered into an agreement to acquire a property in Paris for the development of the first and
Reading Time: < 1 minute Malaysia: Setia Awan Group and The Ascott Ltd have entered into an agreement for the management and operations of the
Reading Time: < 1 minute Thailand: The Citadines Sukhumvit 23 Bangkok aparthotel has been sold for an undisclosed price to the Bhiraj Buri Group. JLL
Reading Time: < 1 minute Malaysia: Ascott has opened Sky Residence Prai, its first property in Penang and its ninth operational property in Malaysia. Sky
Reading Time: 2 minutes Nigeria: Developer Purple and Ascott have announced a strategic partnership that will deliver what is claimed to be Nigeria’s first
Reading Time: < 1 minute Indonesia: Metro has selected Ascott to manage the M+ serviced residences in Trans Park Bekasi, Jakarta. Ascott will manage more
Reading Time: 7 minutes UK: UK Chancellor Rachel Reeves MP has delivered a Labour Budget for the first time in 14 years as the government warned of “difficult” decisions to “restore economic stability” and plug a £22 billion black hole in public finances that was estimated by the Office for Budget Responsibility [OBR].
Reading Time: 2 minutes US: Landing, a membership company for flexible apartment living, says it has filled more than 3,000 multifamily units in 10 months.
Reading Time: < 1 minute US: Hotel franchising company Wyndham Hotels & Resorts has signed a 10 year development deal with corporate housing company Reside, adding five properties to the Wyndham Residence brand in the United States.
Reading Time: 2 minutes Worldwide: Global hospitality brand Millennium Hotels and Resorts has relaunched its loyalty program MyMillennium and introduced MyMillennium BIZ.
Reading Time: < 1 minute US: Flexible living operator Placemakr has opened Scout Living at Ponce City Market in the Old Fourth Ward neighbourhood of Atlanta.
Reading Time: 2 minutes US: Choice Hotels has opened its 500th extended stay property, an Everhome Suites in Glendale, Arizona.
Reading Time: < 1 minute UK: Coastal aparthotel brand SeaSpace has officially launched in Cornwall, created by the team behind Watergate Bay Hotel, Another Place and Beach Retreats.
Reading Time: 2 minutes China: The Ascott Limited has entered into a joint venture with Jin Jiang Hotels to develop its aparthotel brands Quest and TULIP LODJ in China.
Reading Time: 2 minutes UK: Corporate accommodation platform AltoVita will host its annual Altos event at Ham Yard Hotel in London on 2 December.
Reading Time: < 1 minute UK: Operator Staycity Group will open a 145-room Wilde aparthotel in the former Odeon cinema in Oxford city centre.