Showing Results for tag: Ascott
Ascott REIT to sell interest in Singapore serviced residence
Singapore: A redevelopment of Liang Court in Singapore will see Ascott Reit sell part of its interest in Somerset Liang Court Singapore to developer CDL.
Ascott signs first Penang Ascott-branded property
Malaysia: The first Ascott-branded serviced residence – Ascott Gurney Penang - is set open in Q2021.
Ascott parent celebrates 25 years in Vietnamese market
Vietnam: CapitaLand, parent company of The Ascott Ltd, is celebrating 25 years of operations in Vietnam.
Ascott to manage Yangon apartment building
Myanmar: Ascott will manage the 68 Residence building in Yangon, which is due to open in December 2020.
CapitaLand to merge Ascott and Ascendas trusts
Singapore: CapitaLand will merge Ascott Residence Trust and Ascendas Hospitality Trust (A-HTrust) to form the largest hospitality trust in the Asia Pacific region.
Malaysian conglomerate partners with Ascott for KL serviced apartments
Malaysia: Naza TTDI Sdn Bhd, the property arm of Naza Group, is partnering with Ascott for a 262-unit serviced apartment building in KL Metropolis.
Ascott buys Sydney serviced apartments and announces further signings
Singapore: The Ascott Limited is investing US$202.2 million in a freehold serviced residence in the Central Business District of North Sydney.
Ascott opens first Citadines property in the southern Philippines
Philippines: The Ascott Limited has opened a 180-unit Citadines property in Cebu City.
Ascott to add five Singapore properties by end of year
Singapore: Ascott will boost its Singapore portfolio to more than 3,100 units with a record 846 units opening in 2019.
Hanison looks to buy Hong Kong Citadines building
Hong Kong: Hanison Construction Holdings is set to acquire the 55-key Citadines Mercer aparthotel from CapitaLand.
Quest chairman calls for self-regulation of Australian franchise businesses
Australia: Paul Constantinou, the founder and chairman of Quest Apartment Hotels, is calling on franchisors to back independent reporting of their businesses.
Ascott signs 26 properties across 11 countries
Singapore: Ascott has announced the signing of 26 properties with more than 6,000 units across 22 cities and 11 countries.
Mart takes GM role at Ascott Riyadh property
KSA: Ascott has appointed Bartlomiej Mart as general manager for Ascott Rafal Olaya Riyadh.
Ascott appoints MEA marketing director
UAE: The Ascott Limited has appointed Sophia Berriane as director of marketing for the Middle East, Africa and Turkey.
Ascott to develop Saudi graduate scheme
KSA: The Ascott Limited is developing its Saudi Graduate Programme across the group’s Jeddah cluster of properties.
Quest appoints Cycas to manage first UK property
UK: Quest Apartment Hotels has appointed Cycas Hospitality to operate its Liverpool aparthotel when it opens in September.
Citadines Connect Sydney Airport opens for business
Australia: Ascott has opened Citadines Connect Sydney Airport, which is described as "a chic business hotel perfect for frequent travellers passing through the city".
Ascott aims to be Malaysia's largest hospitality management company
Malaysia: Ascott has set itself the goal of becoming the largest hospitality management company in Malaysia – one of its key markets in Asia.
Ascott announces KSA expansion plans
KSA: Ascott announced its MEA expansion plans at the Arabian Travel Market, with Saudi Arabia its top pipeline destination in the region over the next two years.
Ascott launches Star Rewards loyalty program
Singapore: Ascott has launched Ascott Star Rewards, which it describes as the first serviced residence loyalty programme to offer full flexibility to earn and redeem points.
Hanton appointed president of Synergy's international division
UK: Synergy Global Housing has appointed Stephen Hanton as president of its international division, based in London.
Ascott parent launches real estate fund
Singapore: CapitaLand Limited has set up its first discretionary real estate equity fund – CapitaLand Asia Partners I (CAP I).
Ascott signs 14 properties with more than 2,000 units
Singapore: The Ascott Limited has signed contracts to manage 14 properties with more than 2,000 units across eight countries.
Ascott launches first The Residence property in Germany
Germany: Ascott The Residence is set to make its German debut in 2022 within the RIVERPARK Tower, Frankfurt.
Ascott launches Citadines Connect sub-brand for business travel hotels
Singapore: Ascott has launched the Citadines Connect brand of business hotels to expand its short-stay offering.
Developing value
Staycity's acquisition of a development company is an interesting twist on the Opco Propco equation.
Dubai Citadines property receives environmental award
UAE: Citadines Metro Central Dubai has been awarded the Green Key global standard of environmental excellence within the hospitality sector.
Ascott to manage Citadines property in Gurugram
India: Ascott has signed a 90-unit project with Paras Buildtech, in the northern city of Gurugram.
Ananda to spend Bt8 billion on development land
Thailand: Bangkok-based developer Ananda Development Plc plans to spend up to Bt8 billion (£200 million) to buy land for the development of 10 projects.
Ascott signs franchise for first Amsterdam property
Netherlands: Ascott has signed a franchise agreement for the first Citadines property in the Netherlands.
Ascott REIT records positive performance for Q4 2018
Singapore: Ascott Residence Trust’s distribution per unit (DPU) increased five per cent year-on-year to 2.15 cents in 4Q 2018.
Ascott opens third Crest Collection property in Paris
France: The Ascott Limited is launching its third The Crest Collection property, La Clef Champs-Elysées Paris, which opened today after two years in development.
Ascott reaches 100,000 unit milestone with 26 new property signings
Singapore: Ascott has secured contracts for 26 properties with over 4,600 units across 18 cities and 11 countries.
Ascott REIT sells Ascott Raffles Place Singapore
Singapore: Ascott Residence Trust has entered into an agreement to sell Ascott Raffles Place Singapore for S$353.3 million to an unrelated third party.
A growing attraction
It's great to see top talent from hospitality and other industries looking to contribute their knowledge and expertise to our sector - in recent weeks we've covered the moves of senior hotel industry figures across to prominent roles at SACO and Ascott, and this week there is another clear indication that serviced apartments have well and truly entered the mainstream.
Ascott sees changing guest profile in KSA
KSA: Ascott has put together a report into the changing dynamics of guest profiles in Saudi Arabia.
Ascott appoints Hughes as UK area manager
UK: The Ascott Limited has appointed Billy Hughes as UK area manager to drive company growth, enhance guest experience and increase operational efficiency.
Ascott forms alliance with major Indonesian developer
Indonesia: Ascott has formed a strategic alliance with Ciputra Development Group (Ciputra).
Hong Kong Citadines development sold for US$93 million
China: Hong Kong developer Hanison Construction has bought Citadines Harbourview Hong Kong from Ascott parent company CapitaLand.
Ascott opens first Somerset property in Phnom Penh
Cambodia: Ascott has opened the Somerset Norodom, its first Somerset-branded serviced apartments in Phnom Penh.
Partin takes sales role at Synergy
US: Synergy Global Housing has named Craig Partin as executive vice president of sales
Ascott Reit buys site for Singapore lyf property
Singapore: Ascott Reit has acquired a greenfield site for S$62.4 million for its first development project.
Citadines makes US debut with NYC opening
US: Ascott has opened Citadines Connect Fifth Avenue New York, the first Citadines property in the US.
Ascott expands beyond serviced apartments with majority stake in Indonesian hotel company
Indonesia: Ascott has paid US$26 million for a 70 per cent stake in Indonesian hotel management company TAUZIA Hotel Management.
Ascott Rafal Olaya Riyadh boosts Saudisation efforts
KSA: Ascott has welcomed two new Saudi nationals to key roles at Ascott Rafal Olaya Riyadh, in line with the company’s continued Saudisation efforts.
Somerset Maison Asoke Bangkok to open this month
Thailand: Ascott has announced that Somerset Maison Asoke Bangkok will officially welcome its first guest on 28th September 2018.
Ascott and Frasers honoured at World Travel Awards Asia & Australasia
Singapore: The Ascott Limited and Frasers Hospitality are celebrating wins at the World Travel Awards Asia & Australasia.
Former Ascott boss Lee takes top role at parent company CapitaLand
Singapore: CapitaLand has named former Ascott CEO Lee Chee Koon as president and group chief executive officer.
Ascott to manage Ho Chi Minh City apartments
Vietnam: Ascott has signed a management agreement with Alpha King Real Estate Development for a development in HCM City.
Ascott opens two Citadines properties in Vietnam
Vietnam: Ascott has opened properties in Danang and Ho Chi Minh City.
