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Ascott secures over 2,100 new units across 12 properties in China

It also inks contracts for 10 more properties and over 1,600 new units in markets such as Austria, Indonesia

Fiona Lam

Published Thu, Oct 15, 2020 · 09:50 PM

Singapore

CAPITALAND'S wholly-owned lodging business unit, The Ascott Ltd, has secured more than 2,100 new units across 12 properties in China in the last three months.

Revenue from its operating properties in the country have also almost fully recovered to pre-Covid-19 levels, said Ascott in a statement on Thursday morning.