The Ascott Limited (Ascott), a Singapore-headquartered global hospitality company wholly owned by CapitaLand Investment (CLI), has signed management agreements for nine properties totalling more than 3,200 units in Vietnam in the first half of 2026, its fastest pace of growth in the country to date. Four of the projects are with Sun Group, a longstanding partner, and five with owners new to Ascott. The signings expand Ascott’s Vietnam portfolio by more than 30% to about 12,000 units across 42 operational and pipeline properties in 14 cities. Vietnam is now Ascott’s third largest country by pipeline in Asia, and the newly signed properties will open progressively from 2028.
Ascott signed management agreements for nine properties.
The portfolio expanded by over 3,200 units.
Sun Group is the longstanding partner for four projects.
The total units increased to about 12,000 across 42 operations.