Ascott Limited Expands Global Footprint with Multi-Typology Strategy

The latest update is out from CapitaLand Investment Limited ( (SG:9CI) ).

The Ascott Limited is expanding its global presence with a multi-typology strategy, signing 11 new Ascott-branded properties with over 2,300 units in the past 16 months. This brings its portfolio to over 80 properties in 43 cities, enhancing its competitive edge with a flex-hybrid operating model that caters to both short and long-stay demands. The strategy includes new typologies such as hotels with MICE facilities and branded residences, allowing Ascott to dynamically respond to market demands and reinforce its dominance in key gateway cities.

More about CapitaLand Investment Limited

The Ascott Limited, a wholly owned lodging business unit of CapitaLand Investment Limited, operates in the hospitality industry. It offers a diverse range of accommodations including serviced residences, hotels, and branded residences under various brands such as Ascott, Citadines, and Somerset. The company focuses on providing high-quality global living solutions tailored for C-suite executives and operates in key cities across Asia, Africa, and the Middle East.

YTD Price Performance: 1.53%

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Technical Sentiment Signal: Buy

Current Market Cap: S$13.47B

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