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An announcement from CapitaLand Investment Limited ( (SG:9CI) ) is now available.
The Ascott Limited has announced the signing of seven new properties in Vienna and Seville, significantly expanding its European footprint to 64 properties with nearly 8,500 units across 26 cities. This expansion is part of Ascott’s strategy to capitalize on Europe’s resilient hospitality market, leveraging franchise and management agreements to efficiently scale its operations while enhancing brand equity. The new signings include five properties in Vienna, deepening Ascott’s partnership with VIE Trust Real Estate Group, and mark the debut of the Somerset and lyf brands in Seville as part of a major resort development. Ascott’s growth in Europe is driven by increasing demand from property owners and investors for reliable operators with global reach and robust brand architecture.
The most recent analyst rating on (SG:9CI) stock is a Hold with a S$3.00 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.
More about CapitaLand Investment Limited
CapitaLand Investment Limited’s wholly owned lodging business unit, The Ascott Limited, operates in the hospitality industry, offering a diverse range of accommodation options under various brands such as Ascott, Citadines, lyf, Oakwood, and Somerset. The company focuses on expanding its global presence, particularly in high-yield markets with strong tourism fundamentals.
Average Trading Volume: 9,340,014
Technical Sentiment Signal: Buy
Current Market Cap: S$13.62B
For a thorough assessment of 9CI stock, go to TipRanks’ Stock Analysis page.