CLI’s Lodging Management platform secures lodging management contracts and franchise deals directly with asset owners. We have a strong track record of managing long-stay lodging products through our established serviced residence brands such as Ascott The Residence, Somerset and Citadines. We will continue to capitalise on our competitive edge in the long-stay lodging segment to expand in adjacent sectors, such as purpose-built student accommodation (PBSA) as well as coliving and properties.
“Ascott launches discoverasr.com to unify 14 lodging brands on one global online travel booking platform” on www.capitaland.com (8 July 2021)
Represent fees as a percentage of ie. RE AUM, based on FY 2019 numbers