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: < 1 minute Australia: Construction is underway at the $40 million mixed-use Quest Bairnsdale on Dalmahoy Street, with a projected opening date in summer 2025.
Reading Time: < 1 minute Japan: CapitaLand Ascott Trust (CLAS) has divested Citadines Karasuma-Gojo Kyoto in Japan to an unrelated third party for around JPY6.18 billion (S$53.1 million).
Reading Time: < 1 minute Northern Ireland: Developer Z Property Group has appointed Sonder to operate a nine-storey serviced apartment building on Dublin Road in Belfast.
Reading Time: < 1 minute UK: Aparthotel brand room2, owned by developer and operator Lamington Group, has introduced a loyalty program The Hometel Club.
Reading Time: < 1 minute Europe: Serviced apartment provider Movinn has launched a white-label booking management platform, designed to simplify and accelerate the sourcing and booking process for external partners and clients.
Reading Time: < 1 minute US: Franchisor Choice Hotels has introduced a proprietary ‘Lobby in a Box’ concept, delivered in a ready-to-assemble crate for its Suburban Studios and MainStay Suites brands.
Reading Time: < 1 minute Indonesia: Lifestyle brand 25hours Hotels has appointed Jesper Soerensen as general manager of The Oddbird Jakarta, due to open in November 2024.
Reading Time: < 1 minute Poland: Operator Hotel Co 51 has opened the second Element extended stay hotel in Europe, located in the city of Wroclaw in Poland.
Reading Time: < 1 minute UK: Operator Charles Hope Apartments has opened its latest property in Salisbury.
Reading Time: < 1 minute Czech Republic: Tech-enabled serviced apartment operator limehome has expanded into the Czech Republic with a signing in Prague.