Ascott boosts global portfolio with 26 properties in 18 cities

A rendering of the upcoming Citadines Calangute Goa

Singapore-headquartered Ascott has secured contracts for another 26 properties with over 4,600 units across 18 cities and 11 countries.

The new additions boost its portfolio to over 100,000 units.

A rendering of the upcoming Citadines Calangute Goa

In 2018, Ascott added over 30,000 units across 189 properties.

Ascott has entered the Netherlands market with the signing of Citadines Sloterdijk Station Amsterdam, a franchised property in Amsterdam. It has also expanded its presence in China, India, Indonesia, Philippines, Singapore, Thailand, Vietnam, the UAE and the UK. The company’s global footprint now extends to 172 cities across 33 countries.

The company is on track to achieve its target of 160,000 units worldwide by 2023, said Ascott’s CEO Kevin Goh, in a statement.

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