Ascott Expands European Footprint with Seven New Properties in Austria and Spain

CapitaLand Investments The Ascott Limited expands its European footprint with seven new properties in Vienna and Seville, enhancing its portfolio to 64 European locations.

On October 17, 2023, The Ascott Limited signed franchise and management agreements for seven new properties in Vienna, Austria, and Seville, Spain.
With these new signings, The Ascott Limiteds European portfolio now includes 64 properties and nearly 8,500 units, marking a significant growth in Europe.
Globally, The Ascott Limited operates over 1,000 properties, totaling 175,000 units, reflecting its strong international presence in the lodging industry.

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This expansion underscores The Ascott Limiteds strategic focus on Europe, a key market for growth in the competitive hospitality sector, enhancing its ability to cater to the increasing demand for quality accommodation in major cities like Vienna and Seville.