The Ascott debuts in Africa

Published on : Wednesday, December 20, 2017

ascottThe Ascott forays into Africa after a record growth this year. It has secured contracts of managing two properties in the heart of Acra, considered as one of Africa’s top cities for investment.

 

 

From 2019 the  220-unit Ascott 1 Oxford Street Accra will open in phases and the 40-unit Kwarleyz Residence will open in the fourth quarter of next year 2018.

 

Lee Chee Koon, Ascott chief executive was excited to close a record year of growth for Ascott along with the successful addition of another continent, Africa.

 

In 2017 Ascott added 18 new cities across nine countries and secured a record of over 21,000 units.

 

This is the largest ever portfolio expansion in a single year.

 

 

Once these properties progressively open and stabilize there will be more fee income contribution to Ascott annually.

 

 

Lee added that Ascott has been managing world-class serviced residences globally for the last 30 years and there was an opportunity to bring Ascott into Africa, the world’s second fastest-growing economy after Asia.

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 WTM London 2018
  • 03 imexamerica 2018
  • 07 miltcongress 2018
  • 08 theleisureshow 18
  • 09 cibtm 2018
  • 09 Seatrade Cruise Med 2018
  • 10 ITE-HCMC 2018
  • 13 aite 2018
  • 14 traveltechme 2018
  • 15 TravelDaily TDC 18
  • 16 OTDYKH 2018
  • 17 Hotel Show dubai 18
  • 18 hospitalityqatar 18
  • 18 Hotel Management Asia Summit 2018
  • 18 thincindonesia 2018
  • 19 bricsaconsulting 2018
  • 20 CITE_TTW 2018
  • 20 europecongress 18
  • 20 sahicsouthamerica 2018
  • 21 bitmchina 2018
  • 22 Hotel Management Singapore Summit 18
  • 23 PTM 2018
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com