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Ascott Residence Trust Proposes to Acquire S$318.3 Million of Assets in Australia, France, Japan, USA and Vietnam to Strengthen Presence in Key Markets

Ascott Residence Trust (ART) is proposing to acquire nine quality serviced residences, rental housing and student accommodation properties across five countries from its sponsor, The Ascott Limited. At an estimated total capitalised cost of S$318.3 million[1], the yield-accretive acquisition is set to increase ART’s distribution by S$9.2 million and its pro forma FY 2021 Distribution per Stapled Security by 2.8%[2].
United States France General Republic Of Dinh Vu Hi Phòvm Han I

Ascott Acquires Oakwood Worldwide to Fast-Track Growth to Over 150,000 Units Globally

CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) announced it is acquiring Oakwood Worldwide (Oakwood), a premier global serviced apartment provider, from Mapletree Investments Pte Ltd. The acquisition increases Ascott’s global portfolio by 81 properties and about 15,000 units. Oakwood’s approximately 8,500 operational units are expected to immediately contribute to Ascott’s recurring fee income streams upon completion of the transact...
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Ascott Acquires First lyf Coliving Property in Sydney Through Its Serviced Residence Global Fund

CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) is acquiring its first lyf-branded coliving property in Sydney, Australia. The acquisition of the freehold asset is made via the Ascott Serviced Residence Global Fund (ASRGF)1, Ascott’s private equity fund with Qatar Investment Authority. This is ASRGF’s third investment in 2022, following the acquisition of Somerset Hangzhou Bay Ningbo and Citadines Canal Amsterdam in March 2022. To date,...
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MANJINDAR KAUR NEWLY APPOINTED AS SENIOR GENERAL MANAGER FOR ASCOTT EMBASSY SATHORN BANGKOK

Ascott International Management in Thailand & Laos is pleased to announce that Ms. Manjindar Kaur has been appointed as Senior General Manager of the soon-to-open Ascott Embassy Sathorn Bangkok. Ms. Kaur has over 20 years of experience in the hospitality industry, managing hotels, resorts, and serviced residences with international brands such as Hyatt, Frasers, Accor, […]
Krung Thep Mahanakhon United States South Korea Jakarta Raya Manjindar Kaur Asia Pacific
Source: thaipr.net

ASCOTT INTERNATIONAL MANAGEMENT THAILAND ANNOUNCES NEW APPOINTMENTS FOR DIRECTOR OF BUSINESS DEVELOPMENT, THAILAND & LAOS

ASCOTT INTERNATIONAL MANAGEMENT THAILAND ANNOUNCES NEW APPOINTMENTS FOR DIRECTOR OF BUSINESS DEVELOPMENT, THAILAND & LAOS, AND GENERAL MANAGER, SOMERSET EKAMAI BANGKOK Ascott International Management in Thailand & Laos is delighted to announce the new appointment of Mr. Suthiroj (Chris) Sathitpornkitti as Director of Business Development and Mr. Bernard Siew as General Manager for Somerset Ekamai […]
United States Suthiroj Chris Sathitpornkitti Asia Pacific Pan Pacific University Of Hawaii Bachelor Of Business Administration
Source: thaipr.net

Ascott upgrades loyalty programme to offer more rewards for direct bookings

In celebration of ASR’s third anniversary in April, ASR members can now earn points on qualifying bookings through Ascott’s reservation offices[2] via email, phone call and WeChat as well as authorised travel agents via Ascott’s Global Distribution System. Members can also earn points for walk-in bookings at more than 400 ASR participating properties in over 130 cities across more than 30 countries. These channels are in addition to Ascott’s booking website discoverasr.com and the Discov...
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