- Sponsor of Ascott REIT is Ascott Limited. Ascott Ltd is o world's largest serviced residences owner and operator.
- 7260 units across 24 cities in 12 countries in Asia Pacific and Europe
- Operates under the brands of The Ascott Residence, Citadines and Somerset Residence
- $2.9bil portfolio
- Major shareholder is Capitaland which owns 49% of Ascott REIT
What is a serviced residence?
A hybrid between hotel and apartment. Provides the comforts of an apartment and essential services one will expect to see at a hotel. like laundry, daily housekeeping and limited F&B services.
Key differences lies in the lease structure. Hotels cater for short term stay ranging from one ...
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