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Ascott expands portfolio - TTR Weekly

Ascott expands portfolio - TTR Weekly
ttrweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ttrweekly.com Daily Mail and Mail on Sunday newspapers.

Ascott opens over 56% more units in 1H 2022 and acquires first lyf property in Tokyo via its serviced residence global fund

CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) is acquiring a freehold asset in Tokyo, Japan via the Ascott Serviced Residence Global Fund (ASRGF), Ascott’s private equity fund with Qatar Investment Authority. The asset will be refurbished to introduce Ascott’s first lyf-branded coliving property in the city. The acquisition follows Ascott’s signing of over 7,500 units in 1H 2022, a 32% increase compared to the same period last year.

Asia Pacific Hospitality Newsletter - Week Ending 08 July 2022

Ascott to Acquire Oakwood to Increase its Global Portfolio, Boustead Projects Acquires 28 and 30 Bideford Road for SGD515 Million, ARA H-Trust Sells 4 Hyatt Place Hotels for USD32.5 Million, Sing Hoe Hotel has been Acquired by Crescendas Eco for SGD29 Million.

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