Lodging Management

CapitaLand Investment’s (CLI) 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 almost 40 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

Award-winning lodging brands established for almost 40 years

Ascott has over 940 properties in over 220 cities across more than 40 countries. 

For the full list ot Ascott properties, please visit https://www.discoverasr.com/.

  • Direct access to a wide customer network with increased customer stickiness through the Ascott Star Rewards - a loyalty programme that serves as a direct source of income for Ascott

  • Launched discoverasr.com, unifying 14 lodging
    brands on one global online travel booking platform and providing guests with one-stop access to Ascott’s serviced apartments, coliving spaces and hotels

  • Highly connected digital touchpoints to deliver superior guest experiences

  • Technology and process re-design to improve operational efficiency while keeping costs in check

  • 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.
A resilient lodging business model well-positioned for growth
  • Vertically-integrated lodging platform to drive growth in fee-related earnings and funds under management

  • A focus on markets with positive macro trends and deep demand

  • Asset-light with more than 80% of units are under management and franchise contracts

  • Achieved record signings and property openings in FY 2022

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 lodging trust and private funds, whilst growing its capital-efficient fee-based lodging management platform.

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 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.
  • Somerset Metropolitan West Hanoi was acquired through the ASRGF, Ascott's private equity fund with Qatar Investment Authority

  • 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.
  • SAVE's first investment is a Class A freehold student accommodation development asset in Lincoln, Nebraska, USA.

  • 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. 

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.