CapitaLand Investment’s wholly owned lodging business unit, The Ascott Limited (Ascott) is one of the leading lodging owner-operators globally with a strong Asia footprint. Ascott's established serviced residence brands include Ascott, Citadines, Oakwood and Somerset.
With over 30 years of track record in the long-stay lodging segment, Ascott's diversified portfolio comprises serviced residences, coliving properties, hotels, student accommodation and rental housing properties as well as other hospitality assets.
As CLI continues on its transformation journey to become a leading global real estate investment manager, the vision for its global lodging platform is to be one that is powered not just by lodging management, but also real estate investment management.
As Ascott continues to be the best-in-class global lodging operator anchored on its strong brands, direct distribution, and tech-enabled, award-winning hospitality operations, it is also increasing its presence in the longer-stay sectors, growing fee-related earnings through active asset management, and leveraging its extensive third party owners' network and in-market expertise as well as the larger CapitaLand ecosystem to further grow the Group's Funds Under Management.
Best-In-Class Global Lodging Operator
Global Lodging Real Estate Investment Manager
To further strengthen portfolio resilience and add to its stable income streams, Ascott continues to expand into longer-stay lodging sub-asset classes such as student accommodation and rental housing properties through its hospitality trust and private funds, whilst growing its capital-efficient fee-based lodging management platform.
CLI's focus on longer-stay segments positions it for lodging fund opportunities as they arise. S$751 million1 of lodging investments were made via private and listed funds as at 3 Nov 2022.
1 Excludes transactions of undisclosed values due to confidentiality clauses
In addition to increasing its recurring fee income by securing more management and franchise contracts, Ascott’s growth strategy also includes investing in quality lodging properties, including via its investment vehicles such as its sponsored hospitality trust, CapitaLand Ascott Trust (CLAS) and its private funds, Ascott Serviced Residence Global Fund (ASRGF) and the newly established Student Accommodation Development Venture (SAVE).
CapitaLand Ascott Trust (CLAS) is the largest hospitality trust in Asia Pacific. It invests primarily in income-producing real estate and real estate-related assets which are used or predominantly used as services residences, rental housing properties, student accommodation and other hospitality assets.
Ascott Serviced Residence Global Fund (ASRGF)Under ASRGF, Ascott has acquired several properties across Australia,
China, France, Indonesia, Japan, Netherlands, Singapore, United Kingdom and Vietnam.
Student Accommodation Development Venture (SAVE)Established in 2022, SAVE is Ascott's development venture to develop student accommodation assets in the USA. Ascott will manage the venture and hold a 20% stake in the joint venture while remaining stake will be held by Riyad Capital.
With a global presence and strong business development teams on the ground, Ascott has the distinct capacity to create value by connecting its partners with investment opportunities. Leveraging its extensive local knowledge, Ascott is able to access off-market investment deals and match them with a ready pool of trusted lodging property owners and capital partners.