🤝⚽CapitaLand Investment’s (#CLI) wholly owned lodging business unit The Ascott Limited (Ascott) has scored several major milestones in the European market as it accelerates its global expansion strategy. This includes Ascott’s addition of six new properties to its European portfolio, marking the debut of 𝙏𝙝𝙚 𝙐𝙣𝙡𝙞𝙢𝙞𝙩𝙚𝙙 𝘾𝙤𝙡𝙡𝙚𝙘𝙩𝙞𝙤𝙣 brand and expansion of the 𝙡𝙮𝙛 brand in the region. These new signings will boost Ascott’s portfolio in Europe by 14% to about 8,000 units across six brands, and extend Ascott’s presence in the region to 29 cities from 24. Of note is Ascott’s strategic multi-year partnership with Chelsea Football Club (Chelsea), becoming the 𝙊𝙛𝙛𝙞𝙘𝙞𝙖𝙡 𝙂𝙡𝙤𝙗𝙖𝙡 𝙃𝙤𝙩𝙚𝙡𝙨 𝙋𝙖𝙧𝙩𝙣𝙚𝙧 of the English Premier League club, where Ascott will assume management of the 232-unit stadium hotels at London’s Stamford Bridge, home of Chelsea, from 2H 2024. To be rebranded as lyf Stamford Bridge London in 2H 2025, the properties will be an anchor showcase of Ascott’s hospitality to Chelsea fans from around the world. Mr Kevin Goh, CEO for CLI Lodging and Ascott, said: “Europe plays a key role in Ascott’s expansion plans. The diverse and dynamic nature of its hospitality sector offers plenty of scope for Ascott to drive more successful partnerships with owners. With five of the six new signings in Europe year to date being conversion projects, Ascott’s established suite of conversion capabilities has already been proven effective in gaining the confidence of property owners. We expect franchise management to be our next pillar of growth in Europe, where market conditions are conducive for this business segment. For our existing owners, we will continue to deliver sustained value by embarking on asset enhancement initiatives that elevate the stay experiences of guests.” Mr Ngor Houai LEE, COO for Europe, Middle East, Africa, South Asia and China, Ascott, added: “Our European portfolio has been delivering strong performance, driving average daily rates of almost 30% higher than pre-pandemic levels. In 2023, our properties in Europe far exceeded all other markets in terms of revenue per available unit and contributed to almost 16% of Ascott’s global revenue. By expanding and strengthening Ascott’s presence in some of Europe’s key markets, we will be better positioned to capture the growth opportunities in Europe and contribute to the region’s thriving tourism sector.” For more information on the announcement, read: https://lnkd.in/gC_N2PMe The Ascott Limited #ChelseaFC #GameOnStayOn #Hospitality #LoyaltyProgramme Chelsea Football Club
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🎉 30 Years, 30 Cheers! 🎉 To celebrate CapitaLand's remarkable 30-year journey in India and the events that led to this milestone year, we’re thrilled to capture our transformation and growth through a special video series: “30 Years, 30 Cheers!” Each episode features candid conversations with our leadership, clients, and partners, sharing untold stories from their journeys that have played a crucial role in shaping our path. Jonathan Yap, Chief Executive Officer of CapitaLand Development, gets nostalgic as he shares his experience when the first India REIT, Ascendas Indian Trust (now CapitaLand India Trust) was listed in Singapore in 2007. Stay tuned for more cheers to come! 🌟 #30Years30Cheers #CapitaLandIndia30Years #LeadershipVoices #IndiaGrowth #CLINT
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“Today we lost a great leader and friend. We salute the extraordinary life of Mr Ratan Tata, a true visionary and national icon whose contributions to India and the world are immeasurable. His leadership, kindness, and unwavering commitment to progress touched the lives of millions, including ours. We will forever be grateful for the role he played, alongside Mr Philip Yeo, in the visionary launch of the International Tech Park in Bangalore, which shaped our 30-year incredible journey in the country. His many contributions to the nation and to us will always be remembered with deep respect and gratitude. Rest in peace, Mr Ratan Tata.” 🙏 A tribute from Manohar Khiatani, Chairman, CapitaLand India Trust and Senior Executive Director, CapitaLand Investment.
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📣 Excited to welcome Hrishikesh Rajhans, who recently joined CapitaLand Investment India to oversee our #BusinessPark operations in Pune and Mumbai. Hrishikesh has extensive experience in real estate in India and abroad, including business development, strategic restructuring, operations, and investor relations. We look forward to his leadership and insights as we drive our success in these cities. #WelcomeAboard
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Leadership Update at #AscendasFirstspace! We're excited to announce the promotion of Tapan Bhatt to the role of Chief Operating Officer (COO), effective 1st October 2024. Joining us as Head of Investments in 2022, Tapan has played a pivotal role in scaling our business, leading significant transactions, and guiding our investment team to remarkable achievements. Please join us in congratulating Tapan on this well-deserved promotion. Here's to many more milestones together! #LeadershipTeam #GrowthStory #CLI Aloke Bhuniya, Nilesh M.
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It has been a pleasure to welcome KANINI, known for its software and digital transformation capabilities at International Tech Park Pune – Kharadi (#ITPPK). We look forward to fostering a dynamic environment where your team can continue to innovate and grow. A big thank you to Babu Krishnasamy, Sudha Ganesh, Srinivasan Karunakaran, Nileen Gohel, lakisha jain, sharanya r, and Karthik Kumar G for choosing us as your preferred workspace. Here's to a successful and exciting journey ahead! #NewBeginnings
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🎉 30 Years, 30 Cheers! 🎉 In 1994, we embarked on a journey defining our partnership with India’s growth story. Over the past 30 years, we've pioneered, diversified, and grown alongside the nation's progress. To celebrate this remarkable journey and the events that led to this milestone year, we’re thrilled to launch a special video series: “𝟛𝟘 𝕐𝕖𝕒𝕣𝕤, 𝟛𝟘 ℂ𝕙𝕖𝕖𝕣𝕤!” This series will showcase stories that capture our transformation and growth. Each episode will feature candid conversations with our leadership, clients, and partners, sharing untold stories from their journeys that have played a crucial role in shaping our path. Here’s to the first cheer! Join us as our very own Mr Miguel Ko, Chairman of CapitaLand Investment, shares his thoughts on India over the next decade. Stay tuned for more cheers to come! 🌟 #30Years30Cheers #CapitaLandIndia30Years #LeadershipVoices #IndiaGrowth
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A wonderful evening of conversation, collaboration, music and laughter at Leadership Connect - Chennai. Glad to engage with client leaders, interact and update them about our upcoming initiatives and opportunities to work together to enhance their experience at our parks. These moments truly fuel our shared path to growth and innovation. Here's to strengthening partnerships and building a future of success, together! Sumit Gera Deviprasad Rao Rohit Santhosh Shaju Thomas #LeadershipConnect #Networking #Chennai
