CEO Tay Boon Hwee of Ascott REIT gives a presentation and gives a good detailed explanation of Ascott REIT's business and how it differs from a hotel and a normal condominium. Here are the few points that were made during the video:
- Sponsor of Ascott REIT is Ascott Limited. Ascott Ltd is o world's largest serviced residences owner and operator.
- 7260 units across 24 cities in 12 countries in Asia Pacific and Europe
- Operates under the brands of The Ascott Residence, Citadines and Somerset Residence
- $2.9bil portfolio
- Major shareholder is Capitaland which owns 49% of Ascott REIT