News about ascott

PETALING JAYA (July 24): The century-old 1926 Heritage Hotel Penang has completed a RM20 million restoration, reopening as the first property in Malaysia to join The Unlimited Collection by The Ascott Limited, as adaptive reuse continues to expand Penang's heritage hospitality offering.

PETALING JAYA (July 6): Ascott has launched HARRIS Hotel & Conventions Sunshine Penang, introducing the HARRIS brand to Malaysia and adding hotel and conventions capacity to Malaysia’s hospitality market.

PETALING JAYA (March 3): Armani Group has officially opened Oakwood Cameron Highlands, a 383-key golf-front serviced residence managed by The Ascott Ltd, marking a significant addition to its hospitality and lifestyle portfolio in Cameron Highlands, Pahang.

It will be a mixed-use development comprising two 28-storey towers — Tower A with 64 condominium units and Tower B with 220 Citadines serviced residences managed and operated by Ascott — and a three-storey public plaza with commercial spaces.

Facilities in the hotel include lounge areas, co-working spaces and event spaces for community gatherings, pop-up events and creative workshops.

SINGAPORE (Oct 13): CapitaLand’s wholly owned lodging business unit, The Ascott, has partnered Sun Group, one of the biggest real estate developers in Vietnam, to manage Vietnam’s largest serviced residence integrated development, it announced.

SINGAPORE (June 22): The Ascott Ltd (Ascott), the wholly-owned lodging business unit of CapitaLand Ltd, has expanded its presence in Paris, France; and Hanoi, Vietnam, by acquiring two properties for about S$210 million (RM647 million), reported The Edge Singapore.

PETALING JAYA (Nov 29): The first Ascott-branded serviced residence – Ascott Gurney Penang is set open in 4Q2021.

KUALA LUMPUR (Oct 1): Naza TTDI Sdn Bhd, the property arm of Naza Group, is partnering international lodging owner-operator Ascott Ltd for a 262-unit high-end serviced apartment building in KL Metropolis here, which has a gross development value (GDV) of RM333 million.

PETALING JAYA: The Ascott Ltd (Ascott), CapitaLand’s wholly-owned lodging business unit is striving to become the largest hospitality management company in Malaysia – one of its key markets in the Southeast Asian region.