The Ascott Limited is a lodging owner-operator headquartered in Singapore, operating as a wholly owned subsidiary of CapitaLand Investment. The company is one of the largest international serviced residence owner-operators, with a portfolio spanning over 900 properties across more than 200 cities in approximately 40 countries as of recent company reporting.
Ascott operates multiple brands across different market segments. Its luxury and upscale brands include Ascott The Residence, a premium serviced apartment brand offering spacious residences with full kitchens, living and dining areas, and hotel-grade amenities; Somerset, which provides serviced residences for extended-stay guests; and lyf, a coliving concept targeting millennial and Gen Z travelers. The company also manages Oakwood-branded properties following its acquisition of Oakwood Worldwide in 2022, as well as Citadines, Quest, and The Crest Collection.
Ascott The Residence, the flagship brand, positions itself at the top of the serviced apartment market, with properties in prime locations in cities such as London, Singapore, Jakarta, Kuala Lumpur, and various Chinese and Middle Eastern cities. Apartments are designed for comfort during extended business travel or relocation, featuring full-size kitchens, separate living spaces, and services such as housekeeping, concierge, fitness centers, swimming pools, and business centers.
The company manages properties under ownership, management contract, and franchise models. Ascott Star Rewards is the company's loyalty program. CapitaLand Investment, the parent company, is listed on the Singapore Exchange. Rates vary by location, brand, and apartment size, with the premium Ascott brand commanding higher nightly rates than the company's mid-scale offerings.