Media OutReach
Ascott Signs Record 19,000 Units Across 102 Properties in 2025
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.
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.
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.
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.
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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 Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection, The Unlimited Collection, Fox, Harris, POP!, Preference, Quest, Vertu and Yello.
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 Ascott Star Rewards (ASR) loyalty programme, members enjoy exclusive privileges and curated experiences, enhancing every aspect of their travel journey.
As a wholly owned business unit of CapitaLand Investment Limited, 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 CapitaLand Ascott Trust and private funds.
For more information on Ascott and its sustainability programme, please visit www.discoverasr.com/the-ascott-limited. Alternatively, connect with Ascott on Facebook, Instagram, 
TikTok and LinkedIn.
CapitaLand Investment Limited
Headquartered and listed in Singapore in 2021, CapitaLand Investment Limited (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.
Media OutReach
Public Invited to Tour New Phnom Penh Temple of The Church of Jesus Christ of Latter-day Saints
The First Presidency of the Church has announced that open house tours will run from Saturday, 15 August 2026, to Saturday, 22 August 2026, except on Sunday. The open house provides all people of all faiths the opportunity to tour the temple’s beautiful interior and grounds and learn about the purpose of this sacred structure.
Open house tours will be conducted:
- Saturdays, 15 & 22 August: 9:00 a.m.–7:00 p.m.
- Monday–Friday, 17–21 August: 4:00 p.m.–8:00 p.m.
- Sunday, 16 August: No tours available.
The temple is located on Russian Federation Boulevard Phnom Penh 12040, on a 1.3-hectare site. Tours are free, and no reservations are needed. More information is available at https://www.churchofjesuschrist.org/featured/phnom-penh-cambodia-open-house?lang=eng
Elder Eng Bunhuoch, an Area Seventy and senior leader of the Church in Cambodia, said, “The Phnom Penh Cambodia Temple is a testament to the enduring faith of our Cambodian members and will serve as a focal point of spiritual growth for many years to come. It is more than a building; it is a sacred space that symbolizes our commitment to the teachings of Jesus Christ and the eternal nature of families.
“We invite all to come, learn, and walk with us in our holy temple. You can experience our impression of heaven on earth and the special feelings that exist in the House of the Lord. In this temple, you will feel peace, receive inspiration, feel His love, and draw closer to Him. Our members open their arms to you and invite everyone to share the joy we feel in the temple.”
Following the public open house, the temple will be formally dedicated on Sunday, 30 August 2026. The open house presents a once-in-a-lifetime opportunity for all members of the public to enter and tour the temple prior to its dedication. After the dedication, the temple grounds will remain open to visitors; however, entry into the temple itself will be reserved for faithful members of the Church.
There are nearly 18,000 members of the Church in Cambodia. The temple will serve Church members in Cambodia and parts of Vietnam.
The architecture of the temple is inspired by traditional Khmer design elements and cultural heritage, with a central spire surrounded by four smaller spires.
The temple was announced by Church President Russell M. Nelson on 7 October 2018. Groundbreaking was held 18 September 2021, with the dedicatory prayer offered by Cambodia Phnom Penh Mission President Veasna Kuonno Neang.
Temples of The Church of Jesus Christ of Latter-day Saints differ from meetinghouses or chapels, where members gather for Sunday worship services. Each temple is considered a House of the Lord, where Jesus Christ’s teachings are reaffirmed through sacred ceremonies that unite families eternally.
In the temple, Church members learn more about the purpose of life. They learn where we came from before birth, why we are on this earth, and what will happen after we die. In the temple, members make promises to follow Jesus Christ and to serve others.
Hashtag: #PhnomPenhCambodiaTemple #CambodiaTemple #TempleOpenHouse #HouseOfTheLord #ComeAndSee #ChurchofJesusChrist #LatterDaySaints #JesusChrist #LDS
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The Church of Jesus Christ of Latter-day Saints
The Church of Jesus Christ of Latter-day Saints is a worldwide Christian faith of nearly 18 million members, centered on the belief that all people are children of a loving God and that Jesus Christ is the Savior of mankind. Its mission is to bring people to Christ through learning His gospel, making special promises, and practicing love and service.
Members help others by living Christ’s teachings, caring for those in need, inviting all to receive the gospel, and uniting families eternally through temple work. Members are encouraged to be law-abiding, patriotic citizens who love and support their families, creating strong communities and a peaceful society.
The Church has more than 30,000 congregations in more than 160 countries, led by volunteer local leaders.
The Church offers resources in more than 110 languages, operates universities, and has a large humanitarian aid program. It has completed more than 670 humanitarian projects in Cambodia. The Church was restored in 1830 by Joseph Smith after a divine visitation. The Book of Mormon, a sacred record, complements the Bible, testifying of Jesus Christ’s divinity.
Media OutReach
Seafood Expo Asia/Seafood Processing Asia Draws First-Time Exhibitors from Four Continents as Asia’s Growing Seafood Demand Brings Global Industry to Singapore
New national pavilions, first-time exhibitors spanning wild-capture fisheries to smart aquaculture technology, and a dedicated Seafood Processing Asia showcase the growing appetite for global suppliers to build strategic relationships across Asia
SINGAPORE – Media OutReach Newswire – 4 August 2026 – Seafood Expo Asia/Seafood Processing Asia, organized by Diversified, will take place 2–4 September 2026 at the Sands Expo and Convention Centre in Singapore. Seafood suppliers from around the world and across the supply chain will converge to debut products, build relationships and learn about the industry’s most timely opportunities and challenges. First-time exhibitors and new national and regional pavilions spanning four continents signal the importance of the event in positioning them strategically at the center of Asia’s growing marketplace.
“Seafood Expo Asia is an important platform for the B.C. Dive Fisheries to continue to strengthen our relationships with buyers across Southeast Asia,” said Lawrence Anderson, Director of Pacific Sea Cucumber and Urchin Harvesters Associations (Canada). “It’s an excellent platform to showcase our sustainably harvested premium quality seafood products.”
New Regional and National Pavilions Demonstrating Global Influence
New regional and national pavilions with a growing number of companies will take advantage of the growing demand for seafood across Asia and connect suppliers across the supply chain with buyers in Asia. New pavilions to this year’s event include British Columbia Government (Canada), Jeju Technopark (South Korea), Ministero dell’Agricoltura della Sovranità Alimentare e delle Foreste (MASAF) (Italy) and The French Chamber of Commerce Singapore (France/Singapore).
Returning pavilions include Alaska Seafood Marketing Institute (United States), Beijing Yinqicheng International Exhibition Co., Ltd. (China), CAPPMA (China), Dalian Huihetong Exhibition & Display Co., Ltd (China), Food Export USA – Northeast (United States), Hainan Fuchang Exhibition Service Co., Ltd (China), Japan Farmed Fish Export Association (Japan), Kochi Seafood Export Promotion Association (Japan), National Federation of Fisheries Cooperatives (South Korea), Seafood Industries Association Singapore (Singapore), Southern United States Trade Association – SUSTA (United States) and Valuedshow Management LLC (China).
New Exhibitors From Around the World
Beyond pavilions, first-time exhibitors are arriving from Ecuador, Chile, South Korea, Taiwan, Malaysia and China, adding new voices, products and solutions to the exhibit hall. Blumar Asia Ltd, the Asia arm of Chile’s Blumar, will exhibit fresh and frozen Chilean Atlantic salmon alongside its jack mackerel and fishmeal lines. Jeju Technopark, a South Korean government-backed research and innovation center, develops smart land-based aquaculture technology for seaweed and laver cultivation using Jeju Island’s mineral-rich lava seawater. Xinjiang Tianyun Organic Agriculture Co., Ltd. farms salmon and trout at a base fed by glacial water in the Tianshan Mountains and holds BRC Global Food Safety and NSF antibiotic-free product certifications. Foodman Optoelectronic (Zhongshan) Co., Ltd. specializes in food safety and quality-control equipment for seafood processing, including X-ray inspection systems that detect fish bones and foreign objects on the line.
From Ocean to Table: A Full Supply Chain Event
Seafood Expo Asia/Seafood Processing Asia is deliberately designed to reflect the full breath of the seafood industry. Alongside the new exhibitors, returning participants include AquaChile, Austral Fisheries, Vinh Hoan Corporation, Marennes Oleron Oyster PGI and Omarsa S.A., among others. Processing equipment and solutions companies — including BAADER, Gucheng Shouan New Material Technology, Guy Cotten and Silikal GmbH — ensure that buyers sourcing automation, packaging, cold chain and aquaculture infrastructure reach their business goals in one location.
The 2026 exhibit hall will feature all types of seafood products — fresh, frozen, canned, preserved, value-added, processed and packaged — alongside solutions spanning processing and automation, aquaculture systems, cold chain infrastructure and advanced packaging. This full-spectrum lineup means that a hotel procurement manager, a supermarket buyer, a processing plant manager and a hatchery operator can each attend the same event and leave with new suppliers and new partnerships.
Business Matchmaking, New Products and Educational Opportunities
Beyond the exhibit hall, the event delivers a full program of business opportunities. Qualified high-volume importers and retail/foodservice buyers can participate in the Business Matchmaking Program, which facilitates structured, pre-scheduled one-on-one meetings with exhibiting suppliers. The Seafood Excellence Asia Awards, the expo’s product competition, celebrates the best new seafood products on the market, giving innovative suppliers direct visibility with buyers and press at an evening reception.
An educational conference will bring together industry leaders to address seafood consumption trends and market outlook, AI in the supply chain, sustainability certification, RAS fish farming, processing trends across Asia and more. Rounding out the experience, live culinary demonstrations and open product tastings will bring seafood to life on the event floor, connecting buyers directly with the products they are sourcing.
Learn More & Register to Attend
Seafood industry professionals can learn more about Seafood Expo Asia/Seafood Processing Asia, find information on the conference program and other special events, and register to attend for free by visiting www.seafoodexpo.com/asia.
To register as media/press, please visit the press center.
Hashtag: #SEASIA26
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About Seafood Expo Asia/Seafood Processing Asia
Seafood Expo Asia/Seafood Processing Asia is a trade event where buyers from across Asia and industry suppliers from around the world come together to network and conduct business in the lucrative Asian market. The event is produced by Diversified and takes place annually in Asia. SeafoodSource is the exposition’s official media covering industry news year-round.
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About Diversified
www.divcom.com.
Media OutReach
High Gold Prices Drive Demand for Jewelry Appraisals as Jewel Cafe Opens Tsuen Wan Store
Newly opened Tsuen Wan OP Mall store offers free appraisals of gold, jewelry, luxury watches, and branded goods with no obligation to sell
HONG KONG SAR – Media OutReach Newswire – 4 August 2026 – Following a record-breaking year for gold prices in 2025, more people are seeking to understand the value of jewelry, precious metals, luxury watches, and branded goods. Against this backdrop, Japanese-founded specialty buying brand Jewel Cafe has opened its Tsuen Wan OP Mall store, expanding its presence in Hong Kong.
According to the World Gold Council, the LBMA afternoon gold price set 53 new all-time highs during 2025. The annual average gold price reached a record USD 3,431 per ounce, up 44% from the previous year.
In Hong Kong, gold jewelry has traditionally been associated with weddings, Lunar New Year celebrations, and family occasions. Many households own jewelry that is no longer worn. As interest in understanding the value of these items grows, more consumers are seeking appraisal services before deciding whether to keep or sell them.
At Jewel Cafe, customers are welcomed with Japanese-style hospitality. Friendly and experienced staff clearly explain each appraisal, helping customers make informed decisions at their own pace. Every consultation is free of charge, with no obligation to sell.
The Tsuen Wan store joins Jewel Cafe’s existing locations in Mong Kok and North Point, making it the brand’s third store in Hong Kong. Combining Japanese appraisal expertise with customer-first hospitality, Jewel Cafe provides a trusted buying experience across Hong Kong.
Store Information
Website:
https://jewel-cafe.hk
Hashtag: #JewelCafe #Gold #HongKong #TsuenWan #GoldPrice #Jewelry #LuxuryResale #FreeAppraisal
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Jewel Cafe
https://jewel-cafe.hk 
