More than 25 properties from the pipeline of The Ascott are expected to open across Southeast Asia within the next 12 months, the wholly owned lodging business unit of CapitaLand Investment said in an April 20 media release.
These follow a landmark year of signings in 2025, which added more than 7,300 units in the region, or a 55% jump from the 4,700 units signed in 2024. It is also Ascott’s strongest signing performance in Southeast Asia to date.
About 30% of the development pipeline in the region will be delivered through conversions, which speed up market entry and make it possible to meet demand in markets where opportunities exist but greenfield supply pipelines are constrained. Ascott said that undertaking both new-build developments and conversions enables it to scale efficiently across diverse markets and property types.
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Openings in the near term include Ascott Tay Ho Hanoi on the shores of West Lake in the upscale Tay Ho district in Vietnam. The property is poised to become the company’s largest full-service MICE hotel and will offer 1,165 hotel rooms and serviced apartments, 10 dining concepts and a sky bar when it is fully open in 2027.
Also in Vietnam, the Lasong Hotel & Villas Sam Son by The Unlimited Collection wellness resort will complete its opening on April 24, while the 693-unit Harris Resort Cam Ranh will debut progressively from the fourth quarter of this year. These two properties mark the start of a wave of Ascott resort openings along the country’s coastline.
The resort pipeline also extends to other regional markets. Scheduled to welcome guests in 2027 are Ascott Abov Patong Phuket Resort in Thailand, lyf Resort Labuan Bajo and Oakwood Jimbaran Villas and Residences Bali in Indonesia, and Balai Dajao by Preference in the Philippines.
Over in Singapore, the 90-unit lyf Chinatown is slated to open in July 2026, housed within a newly developed building linked to four pre-war conservation shophouses on Pagoda Street within the Jamae Chulia Heritage site. The co-living property’s social spaces will include a co-working lounge, social kitchen, rooftop swimming pool and outdoor courtyard.
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Meanwhile on River Valley Road, the 192-unit Somerset Clarke Quay Singapore serviced residence — forming part of the CanningHill Piers integrated development — will feature a biophilic design as a nature-inspired sanctuary for families. Ascott is looking to soft launch the property at the end of 2026.
In Malaysia, the 1926 Heritage Hotel Penang by The Unlimited Collection in George Town with 78 rooms has been restored to preserve its original Anglo-Malay architectural character. It will be introduced this year to coincide with the building’s centenary. The hotel will deliver a full-service experience, including a swimming pool, gym, spa and wellness centre, hair salon, bar and bistro, restaurant, and flexible event spaces comprising a function hall and meeting room.
The flagship Ascott brand is also entering the Ortigas CBD in the Philippines. The Ascott Ortigas Manila is expected to open in 2026, after having been converted from the Joy-Nostalg Hotel & Suites Manila. The 229-unit property had closed in January this year for a comprehensive renovation of its rooms, public spaces and F&B offerings. Located across from the Asian Development Bank headquarters, it is positioned to serve corporate, long-stay and leisure travellers.