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Ascott quadrupling Quest stake to 80%

This will make it the largest serviced residence provider in Australasia

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Quest Cannon Hill will be developed on a turnkey basis and operated as a Quest franchise when it opens in 2018. It marks the second acquisition under Ascott's strategic partnership with Quest.

Singapore

CAPITALAND'S wholly owned serviced residence subsidiary, The Ascott, is acquiring an additional 60 per cent stake in Quest Apartment Hotels for A$180 million (S$191 million).

Ascott said on Wednesday that this will increase its stake in Quest from 20 per cent to 80 per

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