Ascott Sari Jeddah — Photo by The Ascott Limited

CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), continued to receive worldwide recognition, having won four prestigious accolades at this year's World Travel Awards Middle East Gala Ceremony. It was the biggest winner among the serviced residence companies.

Ascott was crowned the top honour of Middle East's Leading Serviced Apartment Brand for the third consecutive year, as well as Saudi Arabia's Leading Serviced Apartment Brand for the second consecutive year. Ascott Park Place Dubai was accorded Dubai's Leading Serviced Apartments for two years in a row, while Ascott Sari Jeddah was recognised as Saudi Arabia's Leading Serviced Apartments.

Mr Vincent Miccolis, Ascott's Regional General Manager for the Middle East, Africa and Turkey, said: "We are honoured to be recognised for our reputable and established brands, and quality properties in the region. These four prestigious awards, three of which we have won for a few consecutive years, have also affirmed the hard work of our Ascott team. They go the extra mile to provide the best customer experience for our guests, setting high standards for the industry."

Dubbed the 'Oscars' of the travel and tourism industry, the World Travel Awards recognises the foremost tourism and hospitality brands globally for their product and service excellence. Winners are voted by travellers and travel professionals worldwide.

He added: "Ascott is closing in on our goal of achieving 5,000 units in the Middle East, Africa and Turkey by 2020 as we have already surpassed 3,300 units in over 23 properties across 12 cities. We look forward to growing our presence in the region and the opening of properties in Dubai, Makkah and Al Khobar in Saudi Arabia, as well as Accra, Ghana in Africa this year."

About The Ascott Limited

Since pioneering Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984, Ascott has grown to be a trusted hospitality company with more than 940 properties globally. Headquartered in Singapore, Ascott's presence extends across more than 220 cities in over 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.

Ascott's diversified accommodation offerings span serviced residences, co-living properties, hotels and independent senior living apartments, as well as student accommodation and rental housing. Its award-winning hospitality brands include Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Preference, Fox, Harris, POP!, Vertu and Yello; and it has a brand partnership with Domitys. Through Ascott Star Rewards (ASR), Ascott's loyalty programme, members enjoy exclusive privileges and offers at participating properties.

A wholly owned business unit of CapitaLand Investment Limited, Ascott is a leading vertically-integrated lodging operator. Harnessing its extensive network of third-party owners and in-market expertise, Ascott grows fee-related earnings through its hospitality management and investment management capabilities. Ascott also expands its funds under management by growing its sponsored CapitaLand Ascott Trust and private funds.

For more information on Ascott's industry record of 40 years and its sustainability programme, please visit www.discoverasr.com/the-ascott-limited. Connect with us on Facebook, Instagram, TikTok and LinkedIn.

About CapitaLand Investment Limited

Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. As at 30 September 2023, CLI had S$133 billion of real estate assets under management, and S$90 billion of real estate funds under management (FUM) held via six listed real estate investment trusts and business trusts, and more than 30 private vehicles across Asia Pacific, Europe and USA. Its diversified real estate asset classes cover retail, office, lodging, business parks, industrial, logistics and data centres.

CLI aims to scale its FUM and fee-related earnings through fund management, lodging management and its full stack of operating capabilities, 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's development arm.

As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for scope 1 and 2 by 2050. CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.

Visit http://www.capitalandinvest.com/ for more information.