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- 65. Ascott Acquires 80% Stake in Synergy Global Housing
Ascott is acquiring an 80% stake in Synergy Global Housing, a leading accommodation provider in the U.S. The acquisition will triple Ascott’s portfolio from over 1,000 units to about 3,000 units in the U.S.
- 66. Ascott Makati - Exclusive HD Video Interview with Joanne Golong-Gomez, GM
Exclusive HD video interview with Ms. Joanne Golong-Gomez, General Manager of the Ascott Makati. In this interview, filmed on 20 November 2016 in one of Ascott Makati's One-Bedroom Suites, we talk about the property's location and what advantages there are to staying in Makati over other parts of Manila, Philippines.
- 67. Ascott Acquires First Serviced Residence in Docklands, Melbourne
Ascott is acquiring its first serviced residence in Docklands, Melbourne as part of its A$500 million (S$500 million) strategic partnership with Quest Apartment Hotels (Quest), one of the largest serviced apartment operators in Australia. The 221-unit property will be acquired for A$71 million (S$71 million) through a 50:50 joint venture between Ascott and Qatar Investment Authorit
- 68. Ascott Launches New Loyalty Programme
Ascott has launched a new loyalty programme that rewards guests who stay at its serviced apartments around the world. Members of Ascott Star Rewards get 10% off Best Flexible Rates, seasonal offers of up to 50% discount, property opening specials, birthday discounts of up to 40%, early check-in and late check-out, as well as complimentary airport transfers, room upgrades and breakf
- 69. Ascott REIT’s Q4 2018 Distribution Per Unit Increases 5%
Ascott Residence Trust’s (Ascott Reit) distribution per unit (DPU) increased 5% year-on-year to 2.15 cents in 4Q 2018. Unitholders’ distribution for FY 2018 reach a record high of S$154.8 million, a 2% increase from FY 2017. This was on the back of Q4 2018 Unitholders’ distribution rising 6% to S$46.5 million over Q4 2017.
- 70. Ascott Signs New Property in Tokyo, Japan
Ascott is expanding its portfolio of properties in Japan through a master lease agreement with Mitsubishi Estate Company (MEC), one of Japan’s largest real estate developers. The 129-unit Ascott Marunouchi Tokyo is slated to open in 2017, ahead of the 2020 Olympics to be held in the city.
- 71. Ascott in Strategic Alliance with China’s Largest Construction Firm
Ascott has forged a strategic alliance with Dongfu Investment Development Corporation – a real estate subsidiary of China State Construction Engineering Company (CSCEC), China’s largest state-owned construction and infrastructure builder. Through this partnership, Ascott will have the first right to manage apartments currently under development as well as future projects to be buil
- 72. Ascott Launches New Brand - Lyf; Aims for 10,000 Units Globally by 2020
Ascott has launched Lyf, a new brand which the company says is “designed for and managed by millennials who wish to experience destinations as locals do”. Unlike conventional serviced apartments, the properties will be managed by what Ascott calls “Lyf Guards”, millennials who may be residents themselves, community managers, city and food guides, bar keepers and problem solvers all
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