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Ascott Signs Record 19,000 Units Across 102 Properties in 2025

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Advances multi-typology brand expansion into more than 10 new cities in Asia Pacific and Europe, including lyf in Wellington and Ascott in Taipei

SINGAPORE – Media OutReach Newswire – 9 February 2026 – The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (CLI), signed a record 19,000 units across 102 properties in 2025, marking 27% year-on-year growth in new signings. Its asset-light expansion was led by higher-fee segments such as resorts, supported by accelerating franchise momentum and strong conversion activity. Ascott entered more than 10 new cities across Asia Pacific and Europe, growing its global footprint to over 230 cities in more than 40 countries. The company now operates and has under development more than 1,000 properties[1] with over 176,000 units globally.

Ascott marked its entry into Taipei with the signing of the 185-room Ascott Nangang Taipei, located in a prime mixed-use development within Nangang Software Park, one of the city’s premier business districts. The partnership agreement was signed by Ms Jocelyn Wang, Chairman, The GAIA Hotel and Mr Kevin Goh, Chief Executive Officer, The Ascott Limited and Lodging, CapitaLand Investment.

Mr Kevin Goh, Chief Executive Officer, Ascott, said: “2025 marked a key milestone for Ascott as we accelerated asset-light signings and strengthened revenue visibility. With these new signings, we now have the embedded income to exceed our S$500 million fee target as pipeline projects turn operational. Our flex-hybrid model and multi-typology brand strategy enable us to optimise performance for property owners across market cycles, while disciplined investments in loyalty, technology and business development position us to capture growth in higher-fee segments including resorts, branded residences, MICE (Meetings, Incentives, Conventions, Exhibitions) and wellness. I thank our global teams and partners for their continued support as we advance our ambition to be the preferred hospitality company.”

Ms Serena Lim, Chief Growth Officer, Ascott, said: “As travel evolves into a lifestyle, consumers are seeking greater flexibility and choice in how they live, work and explore. Guided by insights from our owners and guests, we have pursued a deliberate growth strategy anchored in our flex-hybrid model and a differentiated suite of flexible living offerings. We are heartened by the robust growth in 2025, driven by strong owner commitment as reflected in portfolio deals across multiple brands. Approximately 30% of new signings came from existing partners expanding with us, underscoring trust in Ascott’s platform and our ability to meet diverse traveller and resident needs worldwide.”

Strategic City Expansion
In 2025, Ascott entered more than 10 new cities in Asia Pacific and Europe, including notable first properties in Wellington and Taipei, resort destinations such as Phuket, Phu Quoc and Langkawi, as well as emerging Tier-2 cities like Lucknow and Thanjavur in India.

Key milestones included the company’s expansion into New Zealand beyond its Quest franchise, with lyf making its debut in Wellington. Construction is expected to commence by the end of 2026, with the 108-room property set to transform six floors of a commercial building in the CBD, incorporating lyf’s signature social spaces and interconnected rooms for group travellers. With its strategic location in the heart of the capital’s business hub, the property embodies lyf’s experience-led social living philosophy, providing an accessible base for travellers, professionals and long-stay guests to connect with Wellington’s vibrant urban energy.

Ascott also entered Taipei, launching its flagship brand with the 185-room Ascott Nangang Taipei in Nangang Software Park, one of the city’s premier business districts. Scheduled to open in 1Q 2027, the serviced residence is part of a prime mixed-use development that also houses Taiwan Fertilizer Co., Ltd.’s headquarters and multinational companies including HP, Yahoo, Philips and Intel. It is further supported by a vibrant MICE and tourism ecosystem, with direct footbridge access to the Nangang Exhibition Centre, Taipei Nangang Exhibition Centre metro station and LaLaport shopping mall. The Nangang High Speed Rail station is also within walking distance. Designed for both short and extended stays, the property builds on Ascott’s expertise in transit oriented, mixed-use developments and supports its continued growth in the market.

Resort Portfolio Expansion
Capitalising on strong leisure travel demand, Ascott’s multi-typology brand strategy drove 15 resort signings in prime locations such as Phuket, Phu Quoc, Nha Trang and Bali, expanding its portfolio in resort destinations to over 50 properties. Notable additions include the 693-unit HARRIS Resort Cam Ranh, marking the brand’s first entry into Vietnam, alongside a 250-unit lyf and a 120-unit Somerset at Lagoon City Seville, Spain, a mixed-use development anchored by an 18,000-square-metre man-made lagoon.

In 2025, Ascott expanded its branded residences portfolio by partnering with quality developers on two new properties, adding over 1,000 units. These include the 227-unit Residences at Ascott Abov Patong Phuket (pictured), adjacent to Ascott Abov Patong Phuket Resort and just 150 metres from the iconic Patong Beach.
In 2025, Ascott expanded its branded residences portfolio by partnering with quality developers on two new properties, adding over 1,000 units. These include the 227-unit Residences at Ascott Abov Patong Phuket (pictured), adjacent to Ascott Abov Patong Phuket Resort and just 150 metres from the iconic Patong Beach.

The company also expanded its branded residences portfolio by partnering with quality developers on two new properties, adding over 1,000 units: Residences at Ascott Abov Patong Phuket, next to Ascott Abov Patong Phuket Resort, and Oakwood Premier Branded Residences Luohu Shenzhen, co-located with Oakwood Premier Luohu Shenzhen. Leveraging its hospitality expertise and brand recognition, Ascott is well-placed to deliver lifestyle-oriented residences that meet growing demand in Asia Pacific while generating fee growth. Co-locating branded residences with its hotels enhances operational and marketing synergies, diversifies revenue streams and strengthens Ascott’s value proposition to owners and investors.

Ascott’s second branded residence project in 2025, Oakwood Premier Branded Residences Luohu Shenzhen, will feature 792 residential units in the vibrant Luohu district, sharing the same building as the 450-unit Oakwood Premier Luohu Shenzhen.
Ascott’s second branded residence project in 2025, Oakwood Premier Branded Residences Luohu Shenzhen, will feature 792 residential units in the vibrant Luohu district, sharing the same building as the 450-unit Oakwood Premier Luohu Shenzhen.

Franchise Growth Momentum
More than a quarter of the units signed in 2025 were under franchise agreements, supporting Ascott’s asset-light expansion. Franchise momentum in East Asia accelerated as the company strengthened its regional pipeline. Five Quest properties were secured in China through Ascott’s joint venture with Jin Jiang, alongside four franchise agreements to expand Citadines’ presence in the country. The largest franchise signing of the year was the 510-key Oakwood in Gangneung, South Korea, a resort-led development in Gangneung’s Cultural Olympic Special Zone with strong connectivity to Seoul, demonstrating Oakwood’s scalability in leisure and extended-stay markets.

In other regions, Ascott’s Quest franchise contributed five new signings in Australia, while franchise agreements for the Oakwood, Somerset and The Unlimited Collection brands in Europe and Africa further strengthened the company’s global footprint.

Conversions-led Growth
Over 38% of units signed in 2025 were conversions, reflecting owners’ preference for faster, lower-risk routes to market and Ascott’s ability to execute conversions efficiently across its diversified brand portfolio. Recent conversions, including Citadines Antasari Jakarta, Oakwood Bencoolen Singapore and lyf Zhangjiang Shanghai, were completed within months of signing, demonstrating Ascott’s capability to reposition assets swiftly and accelerate revenue generation for owners.

Brand Performance and Expansion
Ascott’s brands achieved milestones in scale and geographic reach in 2025. Citadines surpassed 200 properties globally with 17 new signings, boosted by its conversion-friendly positioning, while Oakwood secured 16 signings, maintaining strong owner appeal across business, leisure and extended-stay segments. Ascott’s collection brands continued their geographic expansion, with The Unlimited Collection expanding in Africa and Europe, while The Crest Collection entered the Middle East. Following the signing of The Unlimited Collection in Casablanca, Morocco, Ascott’s portfolio in the country now comprises 10 operational and pipeline properties across Casablanca, Tangier and Marrakech. This underscores Ascott’s strong momentum in Morocco, one of Africa’s most dynamic hospitality markets.

The flagship Ascott brand recorded 10 new signings, expanding its global portfolio to 87 properties including operational and pipeline assets. Notable additions include Ascott Coronation Square Johor Bahru, which secures a flagship position at the Johor-Singapore Special Economic Zone with direct connection to the upcoming Rapid Transit System Link, and Ascott Shenton Way Singapore, the brand’s third property in the city-state. Opening as a dual-format hotel and serviced residence, Ascott Shenton Way Singapore will integrate wellness-driven experiences with sustainable operations, showcasing the brand’s evolution in a prime CBD location.


[1] Includes Managed, Franchised, Leased, Owned and Other properties (including those under funds and JVs).

Hashtag: #TheAscottLimited #Hospitality #Growth #NewSignings




The issuer is solely responsible for the content of this announcement.

The Ascott Limited

The Ascott Limited (Ascott) is driven by a vision to be the preferred hospitality company, enriching global living with heartfelt experiences. With a portfolio of more than 1,000 properties spanning over 230 cities across more than 40 countries, Ascott’s presence spans Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Its diverse collection of award-winning brands includes , , , , , , , , , , , , and .

Ascott specialises in managing and franchising a wide range of lodging options, including serviced residences, hotels, resorts, social living properties and branded residences, catering to the varying needs and preferences of global travellers. Through the loyalty programme, members enjoy exclusive privileges and curated experiences, enhancing every aspect of their travel journey.

As a wholly owned business unit of , Ascott generates fee-related revenue by leveraging its expertise in both lodging management and investment management. It also drives the expansion of funds under management by growing its sponsored and private funds.

For more information on Ascott and its sustainability programme, please visit . Alternatively, connect with Ascott on , , and .

CapitaLand Investment Limited

Headquartered and listed in Singapore in 2021, (CLI) is a leading global real asset manager with a strong Asia foothold. As at 5 November 2025, CLI had S$120 billion of funds under management. CLI holds stakes in eight listed real estate investment trusts and business trusts and a suite of private real asset vehicles that invest in demographics, disruption and digitalisation-themed strategies. Its diversified real asset classes include retail, office, lodging, industrial, logistics, business parks, wellness, self-storage, data centres and private credit.

CLI aims to scale its fund management, lodging management and commercial management businesses globally and maintain effective capital management. As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand Group’s development arm.

CLI is committed to growing in a responsible manner, delivering long-term economic value and contributing to the environmental and social well-being of its communities.

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VinFast Officially Enters Indonesia’s E-Scooter Market, Partners with Strategic Dealers

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HANOI, VIETNAM – Media OutReach Newswire – 10 February 2026 – VinFast today officially announced its entry into Indonesia’s e-scooter market through the signing of a Memorandum of Understanding (MoU) with strategic dealers in the country. The milestone marks a significant step in VinFast’s international expansion of its electric two-wheeler business and reaffirms the Company’s long-term commitment to one of Southeast Asia’s largest and most dynamic motorcycle markets.

VinFast signed strategic MoUs with its first e-scooter partners in Indonesia.

Accordingly, VinFast has signed strategic MoUs with its first partners in Indonesia, including K3, Citra Abadi Sedaya, PT Bevos Auto Mandiri, PT Sapta Jaya, MotorArt, PT Sinergies Dua Kawan, and PT HINU. These partners have long-standing experience in the distribution of automobiles and motorcycles, strong professional operational capabilities, deep market understanding, and the ability to rapidly deploy operations in line with VinFast’s standards.

VinFast will begin rolling out its distribution network in the Jabodetabek area — Indonesia’s largest economic and urban center — from the second quarter of 2026, with plans to expand to other regions nationwide.

In Indonesia, VinFast plans to introduce a portfolio of battery-swapping e-scooters, including VinFast Evo, VinFast Feliz II, VinFast Flazz and VinFast Viper, alongside additional new models to be launched in due course. The product lineup has been carefully engineered and calibrated to suit Indonesia’s tropical climate, dense urban traffic conditions, and everyday commuting patterns.

Throughout 2026, VinFast aims to further expand its footprint to hundreds of authorized dealerships and service workshops nationwide. The Company’s development strategy in Indonesia is designed as an integrated ecosystem, combining retail and after-sales networks, financing solutions, charging and battery-swapping infrastructure through cooperation with V-Green, and partnerships with leading financial institutions.

Prior to this announcement, VinFast had unveiled its strategy to internationalize its electric two-wheeler business and signed agreements with dealers in the Philippines. According to its roadmap, the Company will accelerate expansion across five priority markets in 2026, namely the Philippines, Indonesia, India, Thailand, and Malaysia. These countries represent high-growth economies with substantial urban mobility demand and a clear transition toward sustainable transportation solutions.

Ms. Vo Thi Cam Tu, Managing Director of VinFast E-Scooters Overseas Market, stated: “Indonesia is a strategic market in VinFast’s global e-scooter expansion journey. Partnering with leading local dealers underscores our partners’ confidence in VinFast’s product quality, service standards, flexible battery-swapping model, and long-term vision. We are committed to accompanying Indonesian consumers on their transition toward a greener, smarter, and more sustainable future of mobility.”

Indonesia stands among the world’s largest motorcycle markets, characterized by rapid urbanization, high population density in major cities, and increasing policy and consumer momentum toward environmentally friendly transportation. These structural factors create substantial headroom for the growth of the e-scooter segment. Indonesian dealers have expressed strong confidence in VinFast’s long-term potential in the country, citing its comprehensive green mobility ecosystem, large-scale manufacturing capabilities, and proven ability to execute swiftly across multiple international markets.

After two years of presence in Indonesia, VinFast has introduced a broad range of electric vehicles, from electric SUVs to models optimized for transportation services, and has commenced operations at its Subang facility. Concurrently, the Company has expanded its integrated ecosystem, including dealership and after-sales networks, charging infrastructure in collaboration with V-Green, and partnerships with leading banks and financial institutions. Through pioneering and customer-centric policies, VinFast continues to lower barriers to EV adoption and enable Indonesian consumers to participate in the global green mobility revolution.

Hashtag: #VinFast

The issuer is solely responsible for the content of this announcement.

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Voicecomm Technology Wins 300 million RMB Major “AI+ Elderly Care” Project Forging a New Engine for the Silver Economy

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HONG KONG SAR – Media OutReach Newswire – 9 February 2026 – Voicecomm Technology Co., Ltd. (“Voicecomm Technology” or the “Company”, Stock Code: 2495.HK), one of the leading enterprises in Conversational Artificial Intelligence (CoAI), is pleased to announce that it has successfully won the bid for the “South Sichuan Intelligent Valley AI Vertical Large Model Innovation Platform (川南智谷人工智能垂直大模型創新平台)- Silver Economy Construction and Operation Project” in Neijiang City, Sichuan Province. The total contract value is close to 300 million RMB, including approximately RMB 150 million for the initial platform construction costs; and approximately RMB 140 million for medium- to long-term project operation costs. This indicates that Voicecomm Technology has successfully established a full-stack service closed loop of “construction + operation”. This project marks a significant breakthrough for the Company in pioneering the new strategic track of “AI + healthcare” and represents its first replicable city-level smart elderly care benchmark project.

According to report from iResearch, as the end of 2024, China’s population aged 60 and above has exceeded 310 million, accounting for 22.0% of the total population. As the first city-level AI elderly care project, this not only affirms Voicecomm Technology’s position in the “AI + Elderly Care” sector but also signals a new trend in government investment towards smart elderly care—shifting from infrastructure construction to pursuing effective operational services.

Mr. Sun Qi, Founder and Executive Director of Voicecomm Technology Co., Ltd., said: “China is accelerating into a phase of deep aging, and the needs of hundreds of millions of elderly people constitute a vast blue ocean. Faced with the challenges of an aging society today, we aim to leverage artificial intelligence technology to explore a new, scientifically-driven path for elderly care. The Neijiang project is our first demonstration project in the healthcare sector. Its core lies not in stacking hardware but in using AI as the engine to make elderly care services truly intelligent and smooth, thereby enhancing the quality of life and dignity of the elderly. We hope to build this project into a replicable model for more cities to learn from.”

This project is expected to become a powerful engine for activating the silver economy in Neijiang City. Guided by national Smart Elderly Care policies, the project is anticipated to drive an annual output value exceeding 1 billion RMB in the local elderly care service industry and create a large number of job opportunities. By establishing a unified smart health and elderly care service platform, the project will strive to build a “15-minute elderly care service circle,” achieving deep integration between technology and people’s livelihoods.

Since its establishment in 2005, Voicecomm Technology has been committed to the research and application of Conversational Artificial Intelligence and unified communications technologies. Its solutions cover multiple scenarios in fields such as city management and administration, automotive and transportation, telecommunications, finance, healthcare, and energy management. This successful bid once again unveils Voicecomm Technology’s commitment to promoting technological progress and social development.

Hashtag: #Voicecomm

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Voicecomm Technology Co., Ltd.

Founded in 2005 and headquartered in Wuhan, Voicecomm Technology is one of the leading enterprises in the field of Conversational Artificial Intelligence (CoAI) listed on the Main Board of the Hong Kong Stock Exchange, and obtained the qualification as National-level “Little Giant” Enterprise and High-Tech Enterprise. Leveraging advanced unified communication technologies, core conversational AI technologies and self-developed product engines, we are capable of addressing diverse enterprise demand across “collaborative communication”, “intelligent decision-making”, and “efficient execution”, delivering a one-stop enterprise level intelligent interaction experience. Our solutions have been widely adopted in key industries including city management and administration, automotive and transportation, telecommunications, finance, healthcare, and energy management, empowering clients in digital transformation and business innovation.

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Pacific Century Premium Developments Limited announces annual results for the financial year ended December 31, 2025

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HONG KONG SAR – Media OutReach Newswire – 9 February 2026

2025 Annual Results – Financial Highlights

(Figures for the corresponding period in 2024 are shown in brackets)

  • Consolidated revenue: HK$1,046million (HK$695million)
  • Consolidated net loss attributable to equity holders of the Company:
    HK$69 million (HK$230million)
  • Basic loss per share: 3.38 HK cents (11.29 HK cents)
  • No final dividend (No final dividend)

Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) has announced its annual results for the year ended December 31, 2025.

The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$ 1,046 million, representing an increase of 51% compared to the revenue of HK$ 695 million in 2024.

The consolidated net loss attributable to equity holders of the Company for the year of 2025 was HK$ 69 million, compared to the net loss of HK$ 230 million in 2024.

Basic loss per share for 2025 was 3.38 Hong Kong cents compared to the loss per share of 11.29 Hong Kong cents for the previous year.

The Board of Directors has not recommended the payment of a final dividend for the year ended December 31, 2025.

In 2025, PCPD achieved robust full-year results, driven by the sustained surge in international travel across our key Asian markets, our operational strengths, and the continued recognition of our high-quality portfolio. This performance was underpinned predominantly by contributions from two segments: Park Hyatt Niseko, Hanazono, our hospitality business in Hokkaido, which delivered a notable rise in occupancy and revenue, and our ski and recreation operations in Niseko, Hokkaido, which also saw a surge in demand and revenue.

Park Hyatt Niseko, Hanazono, our hotel operations in Hokkaido, delivered a robust performance in 2025, as the boom in Japans tourism sector continued throughout the year, again with record-breaking tourist arrivals. The average occupancy rate of Park Hyatt Niseko increased by 4 percentage points.

During the winter season of 2024/2025, total ski-lift and gondola rides increased 9% year-on-year. The travel surge continued to drive robust demand for our recreational business in Niseko well beyond the cold months.

In Phang Nga, Thailand, the Group has sold or reserved 40% of Phase 1A villas. The Group’s revenue from its property development in Thailand totalled HK$14 million for the year ended December 31, 2025, compared to no revenue in 2024.

We formed a strategic alliance with Hotel Properties Limited in Singapore to bring a Four Seasons Resort and Branded Residences to the prestigious integrated resort community of Aquella in Phang Nga. The move represents a significant milestone in PCPDs long-term vision of transforming Aquella into a visionary integrated resort destination that effortlessly blends luxury living, recreation and exceptional service.

In Jakarta, Indonesia, the occupancy of our premium commercial building, Pacific Century Place, Jakarta (PCP Jakarta”), was stable throughout the year, and the project remained a consistent revenue contributor to the Group. As of December 31, 2025, the office space committed occupancy was 87%, compared to 85% in the previous year.

Development of the superstructure of the Groups project at 3–6 Glenealy, Central, Hong Kong, has been progressing well. We have reached a key structural milestone, with the superstructural work now completed and installation of the curtain walls progressing at pace. The name of the development has also been unveiled as Central Residence by the Park”, and its completion is scheduled for the first half of 2026.

In the long run, we remain cautiously optimistic about the long-term outlook for property sectors in Hong Kong, Japan, Thailand and Indonesia. With PCPDs disciplined execution and proactive risk management, we have confidence in our ability to drive continued growth and deliver sustained value.

Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “We will maintain our prudent yet proactive approach, allocating resources carefully and pursuing value-enhancing initiatives. Our priority remains to drive sustainable growth, improve profitability, and deliver solid returns to shareholders and stakeholders.”

Hashtag: #PacificCenturyPremiumDevelopments

The issuer is solely responsible for the content of this announcement.

About PCPD

Pacific Century Premium Developments Limited (“PCPD” or the “Group”, SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited (“PCCW”, SEHK: 00008) is the single largest shareholder of the Group.

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