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Ascott on track to achieve global target of 160,000 units by 2023: CEO

Apart from investing through its own capital and joint ventures, a key growth strategy is through Reits

The Ascott Riviera Golf, in Abidjan in Ivory Coast, Africa. This property marks Ascott's debut in Ivory Coast.


THE Ascott - the lodging business unit of CapitaLand - aims to open about 10,000 units in 2020, with the company "on track" to achieve its global target of 160,000 units by 2023, said Ascott chief executive officer Kevin Goh on Wednesday.

In 2019, Ascott achieved a record...