Ascott set to open 4 new properties by end-2019

Singapore

THE Ascott Limited - Capitaland's wholly-owned lodging business unit - will open a record four properties in Singapore this year, with another four under the Citadines and lyf brands expected to open by 2021, the serviced residence operator said in a news release on Monday.

The four property openings in 2019 will add a total of 846 units. The first to open its doors is lyf Funan Singapore, followed by Citadines Balestier Singapore and Ji Hotel Orchard Singapore in September, while Citadines Rochor Singapore is slated to open in December.