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UAE Business: Ascott marks 40 years with Unlimited campaign

Ascott registers record fee earnings, property openings in 2023

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.

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