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CapitaLand's Ascott signs 26 new properties, debuts in 6 cities

The move to sign 26 new properties puts the Ascott brand in six cities for the first time - Atyrau (Kazakhstan), Nairobi (Kenya), Yokohama (Japan), Seongnam (South Korea) and Cam Ranh and Hoi An (Vietnam).


CAPITALAND'S lodging business unit The Ascott has signed 26 new properties, a majority of which are under management contracts; three are on franchise agreements, it said on Monday, just after the market opened.

These properties, which will open in phases from this year...