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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.
The Ascott Limited (Ascott) continues its tenacious Middle East and African expansion plans, building on its recent growth spree, opening five new properties in five different countries within the span of one month.