The Ascott Limited (Ascott), a lodging business unit wholly owned by CapitaLand Investment Limited (CLI), has achieved its target to secure 160,000 units by 2023, with the signing of over 4,000 units in 1Q this year. Sharpening its focus on quality growth, Ascott is renewing its target to double fee revenue to more than S$500 million in the next five years. The fee revenue target is set off the FY 2022 base of S$258 million – the highest earnings on record for Ascott. Fee revenue from the lodging business increased by 36% year-on-year (y-o-y) in FY 2022 on the back of record signings and property openings. This demonstrates Ascott’s strength as a key contributor of fee-related earnings to CLI’s overall business.
Lloyd has more than 12 years experience in the hospitality industry with a strong focus on commercial and operational development. He joins The Cavendish London from St. Ermin s Hotel, part of the Autograph Collection, where he was Hotel Manager. Prior to this, he worked as Director of Operations at Lincoln Plaza London, part of the Curio Collection by Hilton, and The Chelsea Harbour Hotel. Lloyd was also Director of Sales, Marketing & Operations at the five-star Canary Riverside Plaza Hotel, as well as being Value Centre General Manager at the 801-bedroom The Tower Hotel, which is located opposite the iconic Tower Bridge in central London.
Hamilton Princess Appoints Michael Skinner bernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bernews.com Daily Mail and Mail on Sunday newspapers.
After hotel school, Bermudian Michael Skinner always intended to come back to the island to work, but opportunities abroad kept presenting themselves.
“I thought I would probably work in hotels overse.
Samuel Ballard has been appointed Residence Manager of Citadines Islington London, part of The Ascott Limited (Ascott) and the newest addition to the Citadines Apart hotel portfolio in London. Samuel will oversee the 108-apartment serviced residence located in London s exciting new Islington Square neighbourhood.