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73. 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
74. Ascott REITs Q4 2018 Distribution Per Unit Increases 5%
Ascott Residence Trusts (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.
75. 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 Japans 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.
76. Ascott in Strategic Alliance with Chinas 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), Chinas 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
77. 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
78. Ascott Opens lyf@SMU
Ascott, in partnership with the Singapore Management University (SMU), has launched its first living lab to field test lyf, a new brand. Named lyf@SMU, Ascott will attempt to simulate a lyf product at SMU to test out various co-living concepts, enabling its students to be the first in the world to experience and shape upcoming lyf properties.
79. Ascott Opens Somerset Youyi in Tianjin
Ascott Opens Somerset Youyi in Tianjin. The Ascott Group has opened its newest serviced residence property in Tianjin in northern China. The Somerset Youyi, Tianjin is set in the heart of Tianjins downtown Hexi commercial district, close to the bustling financial street Youyi Road. It is also in close proximity to shopping and entertainment areas and the Xiqing Economic Developmen
80. Ascott to Develop Student Accommodation in South Carolina, USA
Ascott and its hospitality trust, Ascott Residence Trust (ART), are to invest and develop a freehold student accommodation asset located in South Carolina, USA for an expected total amount of US$109.9 million (S$146.2 million). The 678-bed student accommodation will serve over 35,000 undergraduate and graduate students from the nearby University of South Carolina (USC). Published b

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