The Ascott Limited (Ascott), one of the world's leading lodging owner-operators, recently announced that it has secured management, franchise, and lease contracts for 25 new properties across nineteen cities globally, including two new properties in the Philippines. This indicates a high level of investor confidence in the serviced residence business model, despite the global COVID-19 crisis.
The Ascott Limited will be opening a total of 17 properties between 2020 and 2026, including its first property in Iloilo City, Bacolod City, and Davao City, and the debut of the lyf brand in the country. This growth will further strengthen the presence of The Ascott Limited in the Philippines.
2020
2021
- lyf Cebu City
- Ascott DD Meridian Park Manila
- Somerset Valero Makati
- Somerset Gorordo Cebu
- Citadines Bacolod City
- Citadines Paragon Davao
2022
2023
- Citadines Mandaue Cebu
- Citadines Roces Quezon City
- Citadines Benavidez Makati
- The Suites at TLM
- lyf Malate Manila
2024
2025
2026
As of this writing, the portfolio of The Ascott Limited in the Philippines includes the following properties:
- Ascott Makati
- Ascott Bonifacio Global City Manila
- Citadines Bay City Manila
- Citadines Millennium Ortigas Manila
- Citadines Salcedo Makati
- Citadines Cebu City
- Somerset Alabang Manila
- Somerset Olympia Makati
- Somerset Millennium Makati
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