Business Description
CapitaLand Ascott Trust is Asia Pacific's largest lodging trust, owning over 18,000 units across 103 properties in 45 cities and 16 countries, with a total asset value of S$8.9 billion. The trust focuses on properties used for extended stays, including serviced residences, rental housing, student accommodation, and similar hospitality uses, operating primarily under the Ascott, Somerset, Quest, and Citadines brands. Listed on the Singapore Exchange since 2006, it is managed by subsidiaries of CapitaLand Investment Limited and holds a place in the FTSE EPRA Nareit Global Real Estate Index.
