The Ascott Limited is the world's largest international serviced residence owner-operator with over 26,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe and the Gulf region. The company also has over 16,000 units which are under development, making a total of more than 43,000 units in over 270 properties.[3] Its portfolio spans 95 cities across 27 countries.
The Ascott Limited is a subsidiary of CapitaLand, one of Asia's largest real estate companies. The Ascott was delisted from the Singapore Exchange in 2008 after a compulsory acquisition.[4] Some of the reasons cited were; "Accelerated growth in key areas by tapping on CapitaLand's more established real estate development and financial services capability" and "Greater cost savings through sharing of services and resources".
