Ascott expands footprint across the globe

Ascott is accelerating the global growth of its flagship brand under a new multi-typology strategy. In 2024, the company signed eight new properties – more than double the previous year’s total – and added three more in the first four months of 2025: Ascott Ortigas Manila in the Philippines, Ascott Shenton Way Singapore, and the brand’s first property in Wenzhou, China.

The Ascott brand now includes over 80 properties with more than 17,400 units, either operational or in the pipeline, across 43 cities. Across all 14 brands, Ascott’s global portfolio exceeds 990 properties and 170,000 units in 230 cities.

Ascott Shenton Way Singapore will be the brand’s second property in Singapore’s CBD, offering 137 units, along with a lounge, meeting spaces, restaurant, café, gym, spa, swimming pool and garden terraces.

Other 2024 signings include properties in China’s…