Lodging Management
CapitaLand Investment’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) is a leading vertically-integrated lodging owner-operator. Ascott is driven by a vision to be the preferred hospitality company, enriching global living with heartfelt experiences. With a portfolio of more than 1,000 properties spanning over 230 cities across more than 40 countries, Ascott’s presence spans Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Its diverse collection of award-winning brands includes Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection, The Unlimited Collection, Fox, Harris, POP!, Preference, Quest, Vertu and Yello.
Ascott specialises in managing and franchising a wide range of lodging options, including serviced residences, hotels, resorts, social living properties and branded residences, catering to the varying needs and preferences of global travellers. Through the Ascott Star Rewards (ASR) loyalty programme, members enjoy exclusive privileges and curated experiences, enhancing every aspect of their travel journey.
A key contributor to CLI’s fee-related business, Ascott generates fee-related revenue by leveraging its expertise in both lodging management and investment management. It also drives the expansion of funds under management by growing its sponsored CapitaLand Ascott Trust and private funds.
With 40 years of hospitality excellence, Ascott offers endless possibilities for guests to live their journey and experience it their way. Ascott continues to reimagine hospitality as a tapestry of experiences infused with choice, loyalty, and authenticity. Guests are invited to ‘Stay Your Way’ with their favourite Ascott brands and discover Global Living with Unlimited Possibilities
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Ascott Orchard Singapore
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Ascott Heng Shan Shanghai, China
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Citadines Trafalgar Square London, United Kingdom
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La Clef Louvre Paris, France
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Somerset Ho Chi Minh City, Vietnam
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lyf one-north Singapore
A Resilient And Differentiated Business Model Powered By Two Engines of Growth
Best-In-Class Global Lodging Operator
Award-winning lodging brands established for 40 years
For the full list of Ascott properties, please visit https://www.discoverasr.com/.
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Through Ascott’s sustainability programme, Ascott CARES, it aligns its growth strategy with environmental, social and governance considerations. Ascott CARES centres around five pillars - Community, Alliance, Respect, Environment and Supply Chain.
Global Lodging Investment Manager
In addition to increasing its recurring fee income by securing more management and franchise contracts, Ascott’s growth strategy also encompasses investing in quality lodging properties, including via its investment vehicles such as its sponsored lodging trust, CapitaLand Ascott Trust (CLAS) and its private funds, Ascott Serviced Residence Global Fund (ASRGF), CapitaLand Ascott Residence Asia Fund II (CLARA II) and Student Accommodation Development Venture (SAVE). Combining CLI’s investment management capabilities and Ascott’s expertise in operating lodging properties worldwide, Ascott is well-positioned to support the growth of its lodging trust and private funds.
CapitaLand Ascott Trust (CLAS) is the largest lodging trust in Asia Pacific. It invests primarily in income-producing real estate and real estate-related assets which are used or predominantly used as serviced residences, rental housing properties, student accommodation and other hospitality assets.
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Opened in 2023, Citadines Walker North Sydney is at the epicentre of North Sydney’s commercial, retail, and social scenes, surrounded by bars, restaurants, and healthcare services.
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Ascott Serviced Residence Global Fund (ASRGF)
Established in 2015, ASRGF focuses on assets in prime locations within key gateway cities. Under the fund, Ascott has acquired several properties across Australia, China, France, Indonesia, Japan, Netherlands, Singapore, United Kingdom and Vietnam.
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CapitaLand Ascott Residence Asia Fund II (CLARA II)
CLARA II is a value-add lodging private fund. It targets opportunities in the living and lodging sector across gateway cities in Asia Pacific, focusing on unlocking value by transforming underutilised assets into high-performing living and lodging properties.
CLARA II leverages the expertise of best-in-class operators in the sector, including CLI’s lodging business unit - The Ascott Limited, to enhance asset performance.
(Photo left) CLARA II acquired a serviced residence in Seoul for KRW 73 billion, marking its first investment in Korea. The property will remain operational as it undergoes a phased asset enhancement programme and is expected to relaunch under the Oakwood brand in 1H 2026.
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SAVE's first investment is a Class A freehold student accommodation development asset in Lincoln, Nebraska, USA.
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Student Accommodation Development Venture (SAVE)
Established in 2022, SAVE is Ascott's development venture to develop student accommodation assets in the USA. Ascott manages the venture and holds a 20% stake in the joint venture while the remaining stake is held by Riyad Capital.
CLI and Ascott proactively manage their portfolio to create sustainable returns for investors and capital partners. This includes asset enhancement initiatives or converting the assets to optimise the performance and value of their properties.
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The Robertson House by The Crest Collection
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The Robertson House by The Crest Collection along the iconic Singapore River was unveiled on 14 October 2023 having undergone refurbishment within a short span of seven months.
Ascott worked closely with its sponsored lodging trust, CLAS to renovate The Robertson House by The Crest Collection. Formerly the Riverside Hotel Robertson Quay, the hotel was rebranded as The Robertson House by The Crest Collection in Singapore after a phased renovation.
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Unlocking Resilient Returns: Navigating Europe's Dynamic Living Sector