June 24, 2020

The Ascott Limited Further Strengthens its Presence in the Philippines

Upcoming Ascott properties in the Philippines

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.

Upcoming Ascott properties in the Philippines

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.

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Upcoming Ascott properties in the Philippines

As of this writing, the portfolio of The Ascott Limited in the Philippines includes the following properties: