CapitaLand Investment’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) is a leading vertically-integrated lodging owner-operator. Since pioneering Asia Pacific’s first international-class serviced residence with the opening of The Ascott Singapore in 1984, Ascott has grown to be a trusted hospitality company with about 980 properties globally. Headquartered in Singapore, Ascott’s presence extends across about 230 cities in over 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.
Ascott’s diversified accommodation offerings span serviced residences, coliving properties, hotels and independent senior living apartments, as well as student accommodation and rental housing. Its award-winning hospitality brands include Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection, The Unlimited Collection, Fox, Harris, POP!, Preference, Quest, Vertu, and Yello. Through Ascott Star Rewards (ASR), Ascott’s loyalty programme, members enjoy exclusive privileges and offers at participating properties.
A key contributor to CLI's fee-related business, Ascott provides a strong and recurring income stream to CLI. Ascott aims to achieve over S$500 million of fee revenue by 2028. Harnessing its extensive network of third-party owners and in-market expertise, Ascott grows fee-related earnings through its hospitality management and investment management capabilities. Ascott also expands its funds under management by growing its sponsored CapitaLand Ascott Trust and private funds.
In 2024, Ascott celebrated 40 years of hospitality excellence. Through the year-long ‘Ascott Unlimited’ campaign, the company embraced a transformative journey, creating boundless experiences for its guests, owners, partners and associates. Watch the following video that highlights the unforgettable moments from this landmark year.
Join the Ascott Star Rewards programme
Ascott’s loyalty programme, Ascott Star Rewards (ASR), offer members exclusive benefits at participating properties worldwide.
Book, stay, and earn reward points with ASR. What's more, ASR members enjoy the lowest rates, exclusive discounts and perks.
A partner for your next development
Success comes from identifying the right business opportunity and recognising its potential for growth.
A trusted partner with established expertise in hospitality, Ascott's diversified accommodation offerings span serviced residences, coliving properties, hotels and independent senior living apartments.
