Ascott Signs Record 19,000 Units Across 102 Properties in 2025

Ascott, the wholly owned lodging business unit of CapitaLand Investment (CLI), has recently made a groundbreaking move by signing a record 19,000 units across 102 properties in 2025. This expansion marks a significant milestone for the company as it advances its multi-typology brand into more than 10 new cities in Asia Pacific and Europe, including lyf in Wellington and Ascott in Taipei.

The news was announced on 9 February 2026 through a press release by Media OutReach Newswire, and it has been received with great enthusiasm and excitement by industry experts and customers alike. This move not only showcases Ascott’s strong growth and development strategy but also solidifies its position as a leading global hospitality brand.

With this record-breaking signing, Ascott has further cemented its presence in key markets such as China, Japan, and Australia, while also expanding into new territories like New Zealand and Taiwan. This strategic move is a testament to Ascott’s commitment to providing world-class accommodation options to its customers, no matter where they are in the world.

One of the most significant developments in this expansion is the introduction of lyf, Ascott’s co-living brand, in Wellington. This marks the first lyf property in New Zealand and is set to cater to the growing demand for co-living spaces in the country. The property is strategically located in the heart of the city, making it an ideal choice for both business and leisure travelers.

Another exciting addition to Ascott’s portfolio is the Ascott brand in Taipei, Taiwan. This property is situated in the bustling Xinyi district, known for its vibrant nightlife and shopping scene. With its prime location and luxurious amenities, the Ascott Taipei is set to become a top choice for travelers visiting the city.

Apart from these two new brands, Ascott has also expanded its presence in other cities, including Shanghai, Beijing, and Tokyo. The company has signed management contracts for properties under its Citadines, Somerset, and Quest brands, catering to different segments of the market.

Mr. Kevin Goh, CapitaLand’s Chief Executive Officer for Lodging and Ascott’s Chief Executive Officer, expressed his excitement about this record-breaking signing. He stated, “We are delighted to have achieved a record high in 2025 with the signing of 19,000 units across 102 properties. This achievement is a testament to Ascott’s strong growth and development strategy, as well as our commitment to providing world-class accommodation options to our customers.”

He further added, “With the addition of lyf in Wellington and Ascott in Taipei, we are expanding our portfolio to cater to the evolving needs of travelers. We are confident that these new properties, along with our existing ones, will continue to deliver exceptional experiences to our guests.”

Ascott’s expansion into new cities and the introduction of new brands is a reflection of its continuous efforts to innovate and stay ahead of the curve. The company has always been at the forefront of the hospitality industry, and this move further solidifies its position as a global leader.

In conclusion, Ascott’s record-breaking signing of 19,000 units across 102 properties in 2025 is a significant achievement that highlights the company’s strong growth and development strategy. With its expansion into new cities and the introduction of new brands, Ascott is set to cater to the evolving needs of travelers and continue to provide world-class accommodation options. This move not only benefits the company but also the customers, who can now experience the exceptional hospitality of Ascott in more cities around the world.