Ascott to expand footprint in Singapore with 4 property openings by end 2019

By Samantha Chiew
/ The Edge Singapore |
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SINGAPORE (EDGEPROP) - Ascott Limited, CapitaLand’s wholly-owned lodging business unit, is about to be the largest serviced residence operator in Singapore with a record number of openings this year as well as the signing of its first Citadines Connect business hotel.
Including Citadines Connect City Centre Singapore, which was secured under a franchise agreement, the group’s portfolio would increase to more than 3,100 units across 17 properties in Singapore.
Ascott on Monday announced it is launching four properties in Singapore this year, adding 846 units to the lodging scene. The properties to open this month are lyf Funan Singapore, followed by Citadines Balestier Singapore and Ji Hotel Orchard Singapore. Citadines Rochor Singapore is expected to open in December.
To meet rising demand for short-stay accommodation, lyf Funan Singapore, Ji Hotel Orchard Singapore and Citadines Rochor Singapore will have the flexibility of taking in daily stays under full hotel licenses.
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