Ascott secures contracts for 25 new properties

Singapore

IN THE first five months of 2020, CapitaLand's lodging business unit The Ascott Limited secured contracts for 25 new properties. The contracts cover 5,400 units across 19 cities, the property giant said on Wednesday.

This is the largest number of new properties clinched in the first five months of any year, CapitaLand said. The number of units secured has also doubled compared with the same period a year ago.

Through the new properties, Ascott will expand its geographical reach into four new major cities in China, Indonesia and Morocco. In China, it will enter Zhengzhou, the capital of…

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