Ascott signs eight global lyf properties
Worldwide: The Ascott Limited, a lodging business owned by CapitaLand Investment, has signed eight global lyf properties and has expanded into city hotels and resorts.
Worldwide: The Ascott Limited, a lodging business owned by CapitaLand Investment, has signed eight global lyf properties and has expanded into city hotels and resorts.
Singapore: The Ascott Limited (Ascott), a lodging business unit owned by CapitaLand Investment (CLI) and CapitaLand Wellness Fund (C-WELL), have jointly acquired a freehold property in Singapore to be relaunched under the lyf brand.
Singapore: Hospitality business The Ascott Limited has refreshed its namesake brand Ascott to reflect a “flex-hybrid accommodation concept”.
Singapore: Serviced apartment and hotel operator The Ascott Limited has signed a memorandum of understand with the Global Sustainable Tourism Council to provide international accreditation for hospitality leaders in Singapore.
WORLDWIDE: CapitaLand Ascott Trust has partnered with the International Finance Corporation to launch IFC’s a sustainability-linked bond.
SINGAPORE: CapitaLand Investment Ltd’s, wholly owned lodging business unit, The Ascott Ltd has unveiled the refresh of its Citadines brand.
WORLDWIDE: CapitaLand Investment Ltd’s wholly owned lodging business unit, The Ascott Limited (Ascott) is acquiring a freehold asset in Tokyo, Japan.
US: Tech-enabled hospitality and multifamily operator Placemakr has opened its 81-unit Navy Yard aparthotel in Washington DC.
Saudi Arabia: Baheej Tourism Development Company, a joint venture between ASFAR, the Saudi tourism investment company owned by PIF, and the Tamimi-AWN Alliance, has signed an agreement with operator Kerten Hospitality for its premium Cloud7 brand in Yanbu.
UK: Management company Switch Hospitality has completed the redevelopment of its aparthotel Birmingham with the addition of an on-site store.
UK: Eden Grove Developments Limited, the freeholder of The Coal Exchange Hotel in Cardiff, has appointed KEW Planning to redevelop the site and explore the addition of serviced apartments.
US: Choice Hotels’ midscale extended stay brand Everhome Suites has debuted in Nampa, Idaho, marking the third opening for the brand.
US: The independently owned and operated Shorehouse Hotel, located in Buena Vista, Colorado, has opened.
UAE: The Ascott Limited has unveiled ambitious expansion plans to grow its portfolio in the MENA region.
UK: Property management and development company The Nurtur Group will open its first serviced apartments offering in Preston, Lancashire, on 1st July.
UAE: Rotana has revealed its growing pipeline of planned openings in the Middle East, Africa and the UK..
US: The 2024 First Quarter US Extended-Stay Hotels Report, published by The Highland Group, reveals a decline in RevPAR for the first time in three years.