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Global accommodation operator Ascott Limited has secured seven new properties with 1,714 units across seven cities in Asia.
The new apartments will open in Indonesia, Malaysia, Vietnam, Japan and China.
The announcement follows impressive results for Ascott with it poised to outpace its growth in 2015.
Ascott CEO Lee Chee Koon said: “Ascott is set to continue this expansion momentum for the rest of the year to outperform 2015, which was our record year of growth with a total of 6,700 units added to our portfolio.
“We are able to scale up quickly because of the strong alliances with global partners, as well as industry leaders from land owners to property developers, construction firms, online platforms and tech companies; all of whom recognise Ascott’s expertise and strength as a global serviced residence leader.”
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