>

>

Ascott partners S Hotels & Resorts to expand UK portfolio

By Nur Hikmah Md Ali

/ EdgeProp Singapore |

July 3, 2024 1:46 PM SGT

(Left to right) Thitima Rungkwansiriroj, CEO of Singha Estate (third right) presents the strategic collaboration agreement with Kevin Goh, CEO of The Ascott Limited (third left), with Michael Marshall, CEO of S Hotels & Resorts (second right) and Wong Kar Ling, Ascott’s chief strategy officer and managing director for Southeast Asia (second left). Also present are Issarin Patramai, CFO of S Hotels & Resorts (far right), and Serena Lim, Ascott’s chief growth officer (far left).

Join our Telegram channel and follow our Facebook for the latest update.

CapitaLand Investment’s wholly-owned lodging business unit Ascott has formed a strategic alliance with S Hotels & Resorts, a subsidiary of Thailand-listed real estate company Singha Estate. In a July 2 press release, the companies say the partnership will strengthen their portfolios in the UK, while also enabling Ascott’s expansion in Europe.

S Hotels & Resorts’ largest market in terms of portfolio size is the UK, with 2,678 rooms across 25 hotels nationwide. The partnership is expected to help the company achieve its target of THB11 billion ($405 million) in total full-year revenue this year.

Thitima Rungkwansiriroj, CEO of Singha Estate, says the partnership will enhance its presence in the UK through international management for hotels located in strategic locations.

Read also: CapitaLand Investment increases focus on its Scope 3 emissions

Serena Lim, chief growth officer at Ascott, says the partnership marks the fast-tracked growth of its brand footprint into new destinations.

Looking ahead, the two companies hope to broaden their collaboration in other countries.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Greening the neighbourhood — one house at a time

2

Tech professional, self-taught landscape designer and horticulturist

3

SingHaiyi previews Sora in Jurong East at prices from $1,850 psf

4

FCT’s manager appoints Annie Khung as its new CFO

5

Eight freehold commercial units at Grandview Suites in Geylang on the market at $26 mil

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00