Ascott Achieves Record Year of Fee Earnings at S$331M and Highest Number of Property Openings in FY 2023
New C-suite leadership appointments to supercharge growth as a global hospitality company SINGAPORE – Media OutReach Newswire – 29 February 2024 – The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), announced a 28% year-on-year increase in fee-related earnings (FRE) to S$331 million, up from S$258 million in FY 2022. The announcement was made during CLI’s Full Year 2023 Financial Results which […]