ascott
Ascott and CapitaLand Wellness Fund Acquire Lodging Property in Singapore to Be Relaunched Under the Award-Winning lyf Brand
CapitaLand Investment Limited | January 9, 2024
Singapore, 9 January 2024 – The Ascott Limited (Ascott), a lodging business unit wholly owned by CapitaLand Investment (CLI) and CapitaLand Wellness Fund(C-WELL), have jointly acquired a freehold lodging property in Singapore. Ascott and C-WELL each holds a 50% stake in the lodging property. This is C-WELL’s first acquisition since announcing its first close in end-October 2023. C-WELL is CLI’s inaugural wellness and healthcare-related real estate fund anchored in Southeast Asia. The value-add fund will focus initially on Singapore, Thailand and Malaysia. With a target fund size of S$1 billion on an upsized option, C-WELL wil...
Ascott Invests $26 Million for 70% Stake in Green Oak Hotel Management, Holding Company for TAUZIA
The Ascott Limited | September 17, 2018
Singapore, 17 September 2018 – CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), is advancing in the fast-growing middle-class business hotel segment by investing about US$26 million[1] for a 70% stake in Green Oak Hotel Management, the holding company for TAUZIA Hotel Management (TAUZIA). This is Ascott's first major move into the lodging segment beyond its core serviced residence business and existing business in apartments for corporate lease. TAUZIA is one of Indonesia's top five hotel operators. With its investment in TAUZIA, Ascott will get an instant boost of close to 20,000 units span...
Ascott Acquires 136-Unit Temple Bar Hotel in Dublin for EUR55.1 Million (US $57.4 Million)
The Ascott Limited | December 21, 2016
Singapore, 21 December 2016 – CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), has expanded its global footprint to Ireland, one of the fastest growing economies in Europe. It has acquired an operating hotel in Ireland's capital city Dublin, the 136-unit Temple Bar Hotel, for EUR55.1 million (S$83.6 million). Located within Temple Bar, the vibrant cultural heart of Dublin's city centre, the property is close to museums, boutiques, restaurants, cafés, galleries and attractions such as the famous Dublin Castle, Guinness Storehouse and Jameson Distillery. Mr Lee Chee Koon, Ascott's Chief...
