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Ascott Opens Japan’s First lyf Coliving Property in Fukuoka City
June 15, 2021
Singapore –15 June 2021 – CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), will be opening lyf Tenjin Fukuoka, Ascott’s first lyf-branded coliving property in Japan on 16 June 2021. lyf Tenjin Fukuoka is the first of six lyf properties that are slated to open this year in Singapore, Hangzhou, Shanghai and Xi’an, as Ascott gears up to meet the strong demand by customers and property owners for the unique lyf coliving product. The 131-unit lyf Tenjin Fukuoka is strategically located in Tenjin, the major shopping and recreational centre of Fukuoka, and is near the business district as well. The coliving p...
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...
