S Hotels and Resorts PCL, a subsidiary of Singha Estate PCL, a leading international development company, has announced a strategic partnership with The Ascott Limited, a wholly owned lodging business unit of CapitaLand Investment.
Ascott strengthens leadership team in Southeast Asia with key appointments
The Ascott Limited, a lodging business unit wholly owned by CapitaLand Investment (CLI), today announced the appointment of industry veterans David Cumming and Kanit Sangmookda to lead fast-growing markets within the group’s Southeast Asia portfolio. David Cumming joins as Regional General Manager for Vietnam, Cambodia and Myanmar, and Kanit Sangmookda joins as Country General Manager for Thailand and Laos. These senior appointments support Ascott’s strategic goals to capitalise on the emerging opportunities in the region.
Ascott ramps up efforts to drive asset-light growth with key appointments in Development Team
The Ascott Limited (Ascott), a lodging business unit wholly owned by CapitaLand Investment, today announced that it is expanding its global business development team with the appointment of Ryan Chen and Dulaphan Amatyakul as Vice Presidents of Business Development. This move is in line with Ascott’s commitment to drive asset-light growth and reiterate its confidence in the travel and hospitality landscape, as it targets to double its fee revenue to over S$500 million in the next five years. Both Ryan and Dulaphan will report to Serena Lim, Chief Growth Officer at Ascott, who was appointed earlier this year.
Ascott expands footprint of The Crest Collection to Asia
The Ascott Limited (Ascott), a lodging business unit wholly owned by CapitaLand Investment, is set to debut The Crest Collection — a global portfolio of charming bespoke hotels and serviced residences that integrates heritage stories with curated hospitality experiences, in Singapore, China and Vietnam. The Crest Collection will also continue to grow its current portfolio in France with the addition of its fifth property in Saint-Germain-des-Prés, Paris. To date, Ascott has secured over 1,000 units across eight properties under The Crest Collection. Ascott has more properties under the brand in the pipeline, in key travel destinations such as Jakarta, Bangkok, Tokyo, Osaka and London.
Ascott to open 17 lyf properties by 2025
Expands lyf portfolio to over 3,000 units across 13 cities, including latest openings in Hangzhou and Fukuoka as well as new signings in Bangkok and Paris
Ascott signs over 5,600 units in China to date
Ascott has added a record high of more than 5,600 units across 26 properties, which represents a 60% year-on-year growth in units in China.
New Citadines Islington London
Housed in an Edwardian building that was once a Royal Mail Sorting Office, Citadines Islington London features four stylish and contemporary apartment types, each designed to appeal to the modern traveller, whilst drawing on the property’s and Islington’s colourful heritage.
Ascott expands lodging support in fight against COVID-19
Ascott extends community support online with the launch of #StayHomeWithAscott, a campaign with US$200,000 donation pledged to benefit 12,000 underprivileged children affected by the pandemic.
Ascott expands in Singapore with four new openings
Citadines Connect City Centre Singapore, secured under a franchise agreement, will increase Ascott’s total portfolio in Singapore to 17 properties across over 3,100 units.
Citadines Connect takes guests straight to the top
New Citadines Connect Sydney Airport, a chic business hotel perfect for frequent travellers passing through the bustling gateway city.
