Lodging Management and Real Estate Investment Management

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 The Residence, Somerset and Citadines. 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, multifamily 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-glass 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 on 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 over more than 30 years

Ascott has about 800 properties in more than 200 cities across over 30 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Its strong brand recognition allows it to attract new contract signings, scale franchise and further drive fee income growth. 

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 platform - a loyalty programme that serves as a direct source of income for Ascott

  • Launched discoverasr.com in August 2021, 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

A resilient lodging business model set to ride on COVID-19 recovery
  • Lodging management platform continued to deliver positive cashflow through FY 2021

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

  • Growing presence in geographies with strong domestic travel trends in the face of COVID-19 restrictions

  • Approximately 15,000 units signed in 2021, accounting for an 8% growth YoY

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, multifamily and rental housing properties through its lodging REITs and 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. In 1Q 2022, S$433 million of lodging investments were made via funds.

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, Ascott Residence Trust (ART) and its private funds, Ascott Serviced Residence Global Fund (ASRGF) and the newly established Student Accommodation Development Venture (SAVE).

Ascott Residence Trust (ART) 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.
  • The 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 France, Vietnam, China and the Netherlands.
  • 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 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.