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The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), announced a 28% year-on-year increase in fee-related earnings (FRE) to $246 million, up from $192 million in FY 2022.
CapitaLand Investment’s wholly owned lodging business unit, The Ascott Limited (Ascott) has received top honours as the ‘Leading Serviced Apartment Brand’ in Saudi Arabia, at the World Travel Awards 2022.