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1. Ascott Opens First lyf in China; Signs Second lyf in Bangkok, Thailand
Ascott has expanded its lyf portfolio to a total of 17 properties with over 3,000 units in 13 cities and nine countries. The expanded portfolio includes the newly opened lyf Mid-Town Hangzhou, Ascott’s first lyf-branded co-living property in China. The company has also secured a management contract for its second lyf property in Thailand, lyf Riverside Bangkok. Published by TravelN
2. 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.
3. Ascott Opens lyf Sukhumvit 8 Bangkok
Ascott has expanded its portfolio of properties in Thailand with the opening of the lyf Sukhumvit 8 Bangkok, the first lyf property in Kingdom. Located in one of the trendiest shopping and entertainment hotspots in the city, lyf Sukhumvit 8 Bangkok is surrounded by a plethora of cafes, bars and restaurants, and is just a short walk from Nana BTS Skytrain station.
4. 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
5. Ascott Becomes Singapore’s Largest Serviced Residence Operator
Ascott is investing S$170.3 million, through its serviced residence global fund with Qatar Investment Authority (QIA), in the serviced residence component of the Funan integrated development in Singapore. Of the S$170.3 million, the fund is acquiring the land for the serviced residence component from CapitaLand Mall Trust (CMT) for S$90.5 million and developing the Singapore flagsh
6. Travel Industry News from Asia
Travel industry news from the world's travel trade, aviation and hospitality industries. The latest travel news we feature covers mainly Asia Pacific and Australasia but also extends to the Middle East, Europe and the US. We cover appointments, new deals, rebrandings, new technology, new routes, and much, much more. A free daily travel industry news email and rss feed are also avai
7. Ascott Expands FUM with Acquisition of Two Properties in Paris and Hanoi
Ascott has entered into separate agreements to acquire two properties in Paris, France and Hanoi, Vietnam for about S$210 million (approximately US$156 million). The acquisition of the two properties through the Ascott Serviced Residence Global Fund (ASRGF), Ascott’s private equity fund with Qatar Investment Authority, will boost Ascott’s total fund assets under management (FUM) to
8. Ascott Exceeds Target of 20,000 Units in China for 2017
Ascott exceeded its target of 20,000 units for China in 2017, ahead of its planned schedule of 2020, as it sealed contracts to manage nine properties with over 2,000 units in China. With these new properties, Ascott made inroads into new cities such as Harbin and Zhuhai, and widened its presence in Chongqing, Foshan, Shanghai and Wuxi. It also marked a record year of growth in Chin

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