The Ascott Limited is a Singapore-based company that has grown to be one of the world’s leading international lodging owner-operators. It has more than 69,000 operating units in key cities of the Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA, as well as close to 44,000 units which are under development, making a total of close to 118,000 units in over 700 properties.
The company's serviced residence, hotel, co-living brands include Ascott, Citadines, Citadines Connect, Somerset, Quest, The Crest Collection, lyf, Préférence, Vertu, Harris, Fox, Yello and POP!.
Ascott’s portfolio spans more than 180 cities across over 30 countries. Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning brands that enjoy recognition worldwide. Ascott’s achievements have been recognised internationally.
Recent awards include DestinAsian 2020 Readers’ Choice Awards for ‘Best Serviced Residence Brand’ for Ascott The Residence; Serviced Apartment Awards 2020 for ‘Best Marketing or Branding Campaign’ for Quest Apartment Hotels – Work, Play, Sleep Repeat and ‘Best Interior Design’ for La Clef Champs Elysées Paris, The Crest Collection. For a full list of awards, please click here.
Ascott is also recognised as an ISAAP Quality Accredited and Compliance Assured Provider. The awards, which are reviewed annually, showcase Ascott’s dedication and commitment to more than 250 rigorous ISAAP quality considerations in addition to specified regulations and best practice standards of safety, security and a duty of care.
CapitaLand Limited (CapitaLand) is one of Asia’s largest diversified real estate groups. Headquartered and listed in Singapore, it owns and manages a global portfolio worth S$131.7 billion as at 30 September 2019. CapitaLand’s portfolio spans across diversified real estate classes which includes commercial, retail; business park, industrial and logistics; integrated development, urban development; as well as lodging and residential. With a presence across more than 200 cities in over 30 countries, the Group focuses on Singapore and China as its core markets, while it continues to expand in markets such as India, Vietnam, Australia, Europe and the USA.
CapitaLand has one of the largest real estate investment management businesses globally. It manages eight listed real estate investment trusts (REITs) and business trusts as well as over 20 private funds. Since it pioneered REITs in Singapore with the listing of CapitaLand Mall Trust in 2002, CapitaLand’s REITs and business trusts have expanded to include Ascendas Reit, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust, Ascendas India Trust, CapitaLand Malaysia Mall Trust and Ascendas Hospitality Trust.