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Briefs: Hoshino buys Guam resort; European values recover – HOTELSMag.com

Briefs: Hoshino buys Guam resort; European values recover – HOTELSMag.com
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Ascott Acquires Two Properties in Ningbo and Amsterdam for About S$190 Million Through Its Serviced Residence Global Fund

CapitaLand Investment’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) is investing in two properties in Ningbo, China and Amsterdam, the Netherlands for approximately S$190 million through Ascott Serviced Residence Global Fund (ASRGF)1, Ascott’s private equity fund with Qatar Investment Authority. When fully deployed, the acquisitions will boost Ascott’s total funds under management (FUM)2to S$9 billion. ....

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CapitaLand's The Ascott buys 2 overseas properties for $190 million

One property is in in Ningbo, China, and the other is in Amsterdam, the Netherlands.
. Read more at straitstimes.com. ....

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ASCOTT ACQUIRES TWO PROPERTIES IN NINGBO AND AMSTERDAM FOR ABOUT S$190 MILLION THROUGH ITS SERVICED RESIDENCE GLOBAL FUND

Acquisitions to grow Ascott’s fund under management to S$9 billion when fully deployed ....

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