Ascott Partners S Hotels Resorts Expand Uk Portfolio

CapitaLand Investment’s hotel business unit Ascott has recently announced a strategic partnership with S Hotels & Resorts, a subsidiary of Singha Estate, a Thailand-listed real estate company. This alliance, as stated in the press release on July 2, will not only boost their respective portfolios in the UK but also facilitate Ascott’s expansion into Europe.

S Hotels & Resorts is currently the largest player in the UK market in terms of portfolio size, operating 25 hotels with a total of 2,678 rooms across the country. Through this collaboration, the company expects to achieve its target of THB11 billion ($405 million) in revenue for this year.

According to Thitima Rungkwansiriroj, CEO of Singha Estate, this partnership will further strengthen their presence in the UK through the international management of their hotels, strategically located in key destinations. This move also reflects CapitaLand Investment’s increased focus on its Scope 3 emissions, as recently announced.

Ascott’s Chief Growth Officer, Serena Lim, also expressed her excitement about the partnership, stating that it signifies the rapid expansion of their brand into new destinations.

.

In addition to providing a strong sense of community, schools in close-knit neighborhoods offer a conducive setting for children’s growth and development. The tight-knit nature of these communities often results in higher engagement and participation in school activities, allowing parents to play a more active role in their child’s education. These benefits are evident in places such as the Norwood Grand Woodlands community, where families can flourish together and children can thrive in a nurturing environment. To learn more about the community of Norwood Grand Woodlands, visit Norwood Grand Woodlands.

Looking ahead, both companies are keen to expand their collaboration in other countries as well.