Showing Results for tag: Ascott
Dash Living partners with Ascott and Ovolo
HK: Serviced apartment and coliving operator Dash Living has announced a collaboration with The Ascott Limited in Hong Kong and Singapore.
Citadines opens Bali beach property
Indonesia: Ascott has opened Citadines Berawa Beach Bali in Canggu, a resort on the South coast of Bali.
Ascott Residence Trust to sell Somerset Xu Hui Shanghai for £154 million
China: Ascott Residence Trust (ART) has agreed to sell Somerset Xu Hui Shanghai for 1.05 billion yuan (£154 million) to an unrelated third party.
Ascott properties awarded SafeGuard Label
UK: Bureau Veritas has awarded five of Ascott's London properties the SafeGuard Label for health, hygiene and safety procedures.
Luton PBSA schemes go in to administration
UK: Companies that own two PBSA schemes which were formerly valued at £35 million have been placed in to administration.
Mansfield takes Australia MD role at Ascott
Australia: Ascott has appointed former Quest COO David Mansfield as Ascott’s managing director for Australia.
Ascott Residence Trust makes first US PBSA play
US: Singapore-listed Ascott Residence Trust has made its first foray into the US student housing market with the acquisition of an Atlanta property for $95 million.
Ascott sets 10,000 unit target for MEA and Turkey
Singapore: Ascott has set a target of an additional 6,000 units in the MEA and Turkey over the next five years, to reach a total of 10,000 units by 2025.
Ascott signs second Qatar property
Qatar: Ascott has entered into an agreement with Al Majed Hotel Management for the Somerset Al Mansoura Doha, set to open in Qatar’s capital in Q4 2021.
Ascott Residence Trust secures green loan from DBS Bank
Singapore: Ascott Residence Trust (ART) has obtained a S$50 million five-year green loan from DBS Bank, making ART the first hospitality trust in Singapore to secure a green loan.
Ascott sees record year with 14,200 units added during Covid-hit 2020
Singapore: Ascott has signed more than 14,200 units across 71 properties globally for 2020, exceeding its 2019 total and recording four consecutive years of record growth.
Moda Living and Samsung partner for smart appliances in BTR developments
UK: BTR developer Moda Living has partnered with Samsung to rollout technology across its £2.5 billion portfolio, installing up to 60,000 appliances.
Ascott to make Austrian debut in Vienna
Austria: Ascott has signed a management contract with SIGNA Real Estate and ARE Austrian Real Estate for its first property in Austria.
Ascott adds 2,100 units in China
China: Ascott has signed more than 2,100 new units across 12 properties in China in the last three months.
Ascott streamlines operations with RMS Enterprise
Singapore: Ascott has completed its migration to a cloud-based PMS from RMS Cloud.
Ascott launches mobile app
Singapore: Ascott has launched its Discover ASR mobile app for members of its loyalty programme, Ascott Star Rewards (ASR).
Quest focused on European expansion
UK: Quest Apartment Hotels says it remains focused on its European expansion plans despite the Covid pandemic, with backing from majority shareholder Ascott.
Ascott opens London Citadines property
UK: Ascott has opened Citadines Islington London, the newest addition to its aparthotel portfolio in Europe.
Ascott boosts loyalty programme benefits
Singapore: Ascott Limited has added a raft of enhancements to its Ascott Star Rewards (ASR) programme, including a points exchange initiative with CapitaStar, Singapore’s leading lifestyle and shopping rewards programme.
Ascott sees increased focus on extended stay in MEA region
MEA: Ascott says it is seeing increased interest in serviced apartments as a result of the Covid-19 pandemic.
Ascott launches Work in Residence programme
Singapore: Ascott has launched its Work in Residence initiative at participating properties worldwide, transforming selected apartments into work suites.
Ascott signs six properties for lyf coliving brand
Singapore: Ascott has signed six lyf properties in Australia, China and the Philippines.
ART sells Guangzhou and Paris properties
Singapore: Ascott Residence Trust has entered into two conditional agreements to divest Ascott Guangzhou and Citadines Didot Montparnasse Paris.
Urban Living webinar: Coliving - fad or phenomenon?
In the latest IHM Urban Living webinar, editor-in-chief George Sell hosted a discussion on “Coliving: fad or phenomenon – will coliving stand the test of time?”; a session sponsored by Res:Harmonics.
Ascott adds record 5,400 units in first five months of 2020
Singapore: The Ascott Limited has secured contracts for 25 new properties with more 5,400 units across 19 cities in the first five months of the year.
Ascott to introduce futureproofing solutions for post COVID-19 travel
Singapore: The Ascott Limited serviced residence has announced the introduction of a variety of measures designed to promote growth in the aftermath of the global pandemic.
Ascott's Indian expansion plans stymied by pandemic
India: Ascott's pipeline of new property openings in India will be slowed due to the impact of Covid-19, according to regional GM Vincent Miccolis.
Barrie joins Synergy as VP of sales EMEA
UK: Synergy Global Housing has appointed Claire Barrie as VP of sales, EMEA, based in London.
Ascott adds benefits to celebrate reward programme’s first year
Singapore: Ascott’s loyalty programme Ascott Star Rewards (ASR) is offering its members “more value and flexibility” as it marks it first year.
The Ascott provides homes for key workers internationally
Singapore: Ascott is providing homes for healthcare workers, returning nationals, guests who are affected by border closures or city lockdowns, migrant workers and others who have been stranded due to COVID-19.
Ascott set to operate floating accommodation for foreign workers in Singapore
Singapore: Ascott is set to operate accommodation vessels typically used for offshore and marine industry staff, in a bid to slow the spread of coronavirus.
Ascott to open Somerset property in Bangkok
Thailand: Ascott has announced plans to open a 445-unit Somerset property in in Ratchadapisek-Rama 9, the new Central Business District of Bangkok.
CapitaLand appoints Goh as CEO, Lodging
Singapore: CapitaLand Group has appointed Ascott CEO Kevin Goh as CEO, Lodging.
Ascott Residence Trust buys Sydney serviced apartments
Australia: Ascott Residence Trust (ART) has bought Quest Macquarie Park Sydney for A$46 million.
Ascott appoints head of business development for Europe
UK: The Ascott Limited has appointed Christian Desira as head of business development and investment for Europe.
Ascott supports Saudisation with training programmes
KSA: Owner-operator, Ascott, will support the kingdom’s Saudisation endeavour with its training programmes that are aimed at helping locals achieve managerial positions.
Ascott opens Citadines property in Osaka
Japan: Ascott has opened its first Citadines serviced residence in Osaka.
CapitaLand to roll out lyf brand
Singapore: Ascott parent company CapitaLand is set to roll out its co-living brand across Asia.
Ascott opens Al Khobar property
KSA: The 172-key Ascott Corniche Al Khobar has opened, the sixth Ascott property in the Kingdom.
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.
