The Group owns The Ascott Limited, one of the leading international serviced residence owner-operators with serviced residence units in key cities of the Americas, Asia Pacific, Europe, the Middle East and Africa. It operates three award-winning brands - Ascott, Citadines and Somerset, along with Quest, The Crest Collection and lyf. Ascott pioneered Asia Pacific’s first international-class serviced residence in 1984. In 2006, it established Ascott Residence Trust, the world’s first Pan-Asian serviced residence real estate investment trust.
The Ascott Limited
The Ascott Limited is a Singapore company that has grown to be one of the leading international serviced residence owner-operators. It has over 43,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe, the Middle East and Africa, as well as about 30,000 units which are under development, making a total of about 73,000 units in over 500 properties.
The company’s brands include Ascott, Citadines, Somerset, Quest, The Crest Collection and lyf. Its portfolio spans about 130 cities across over 30 countries. Ascott's properties can be found in cities including New York, London, Paris, Brussels, Berlin and Barcelona in Europe; Singapore, Bangkok, Hanoi, Kuala Lumpur, Tokyo, Seoul, Shanghai, Beijing and Hong Kong in Asia; Melbourne and Perth in Australia, Bangalore and Chennai in India as well as Dubai; Doha and Manama in the Middle East as well as Ghana in Africa.
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. In 2006, it established the world's first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide.
Ascott’s achievements have been recognised internationally. Recent awards include DestinAsian Readers' Choice Awards 2018 for 'Best Serviced Residence Brand'; World Travel Awards 2017 for ‘Leading Serviced Apartment Brand’ in Asia, Europe and the Middle East; TTG China Travel Awards 2017 for 'Best Serviced Residence Operator in China’; Business Traveller Asia-Pacific Awards 2017 for ‘Best Serviced Residence Brand’; Business Traveller UK Awards 2017 for ‘Best Serviced Apartment Company’ and Business Traveller China Awards 2017 for 'Best Serviced Residence Brand'. For a full list of awards, please visit http://www.the-ascott.com/ascottlimited/awards.html.
For more information on Ascott’s portfolio in China, please visit http://www.ascottchina.com.
Ascott Residence Trust
Ascott Reit was established with the objective of investing primarily in real estate and real estate-related assets which are income-producing and which are used or predominantly used, as serviced residences, rental housing properties and other hospitality assets.
Ascott Reit’s asset size has grown to S$5.2 billion since it was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in March 2006. Ascott Reit’s international portfolio comprises 73 properties with 11,430 units in 37 cities across 14 countries in the Americas, Asia Pacific and Europe.
Ascott Reit’s serviced residences are operated under the Ascott, Citadines and Somerset brands, and are mainly located in key gateway cities such as Barcelona, Berlin, Brussels, Guangzhou, Hanoi, Ho Chi Minh City, Jakarta, Kuala Lumpur, London, Manila, Melbourne, Munich, New York, Paris, Perth, Shanghai, Singapore and Tokyo.
Ascott Reit is managed by Ascott Residence Trust Management Limited, a wholly owned subsidiary of The Ascott Limited and an indirect wholly owned subsidiary of CapitaLand Limited, one of Asia’s largest real estate companies.
Ascott Residence Trust