CapitaLand Investment Limited ( (SG:9CI) ) has provided an announcement.
Ascott Limited plans to double its portfolio in India to 12,000 units by 2028, capitalizing on the country’s growing hospitality market and demand-supply gap. With recent signings in Goa, Lucknow, and Thanjavur, Ascott aims to enhance its brand presence and leverage India’s dynamic economic landscape, characterized by a growing middle class and improving infrastructure, to become a key source market for its global properties.
More about CapitaLand Investment Limited
The Ascott Limited, a wholly owned lodging business unit of CapitaLand Investment Limited, operates in the hospitality industry. It offers a diverse range of accommodation options through various brands such as Oakwood, lyf, The Crest Collection, and The Unlimited Collection, catering to both transient and extended stay guests. The company focuses on leveraging its multi-typology brand strategy to serve a wide array of guest preferences and is expanding its presence in key markets like India.
YTD Price Performance: -5.34%
Average Trading Volume: 11,938,778
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$12.44B
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