Latest news with #TheAscottLimited
The Star
2 days ago
- Business
- The Star
Spotlight on leadership at hospitality festival
Participants were treated to a dynamic events line-up that included keynote addresses, expert panels, workshops and group chats. OVER 120 hospitality professionals from South-East Asia, Japan and China met in George Town, Penang, to be a part of global growth in the sector. They attended the three-day Ascott Learning Festival 2025 held at Ascott Gurney Penang, which was designed to foster leadership, innovation and professional growth. The festival, in its second edition, was themed 'Grow with Us, Lead Our Future'. It showcased a forward- thinking agenda with keynote addresses, expert panels, workshops and group chats. Organised by The Ascott Limited (Ascott), it aimed to deepen regional collaboration and strengthen lifelong learning across the Ascott network. Participants were treated to a dynamic events line-up that included a food innovation session led by acclaimed chef Darren Teoh of Malaysia's sole two Michelin star-restaurant Dewakan. Lim (second from left) posing for a photo with (from left) ascott learningand development director reuben Chen yong Soon, ascott GurneyPenang general manager Chan Kuok-Pin and Citadines ConnectGeorgetown Penang general manager Lee Boon Kae during the festival. Teoh explored the contrasts and commonalities between street food and hotel dining. In a lighter segment titled 'Ask Me Anything', popular Malaysian stand-up comedian Douglas Lim charmed the crowd. When asked what career he might have pursued had he not become a comedian, Lim quipped, 'I actually studied to be a teacher but then I realised it wouldn't suit me, mainly because I hate children.' The laughter Lim elicited brought a fun twist to the festival's otherwise intensive programme and allowed attendees to connect through shared humour. Ascott Malaysia country general manager Mondi Mecja, in his speech at the event, said the festival was more than just a corporate training event. 'It's a platform for our people to be inspired by the best in the business, from culinary innovators to thought leaders in AI (artificial intelligence) and wellness,' he added. The festival nurtured attendees with sessions covering digital marketing trends, financial literacy, mindfulness and adaptive leadership. The final day focused on strategic thinking and featured a live-streamed dialogue with CapitaLand Group chairman Wong Kan Seng and CapitaLand Investment (CLI) chairman Miguel Ko. Participants also enjoyed cultural immersion activities, adding local flavour to the festival. Since launching Asia-Pacific's first international-class serviced residence in 1984, Ascott has become a leading global hospitality company. Headquartered in Singapore, it has over 950 properties in over 230 cities across more than 40 countries. Among its range of accommodations are serviced residences, hotels and senior living under brands like Ascott, Citadines and Lyf. As a wholly-owned unit of CLI, Ascott leverages its expertise and network in hospitality, and investment management.
Trade Arabia
24-04-2025
- Business
- Trade Arabia
Ascott Limited brings The Crest Collection to UAE
Ascott Limited, a global hospitality operator, has signed the Al Mahra Resort by The Crest Collection, set to open in Q1 2027 on Marjan Island, Ras Al Khaimah. The resort, inspired by the Arabian "Mahra" horse, will blend Arabian heritage with contemporary luxury, offering a unique gateway into Arabian history and culture. The resort will feature 539 designed rooms and luxury suites, catering to diverse guest needs. Guests can enjoy a range of dining options, including an all-day dining restaurant, café, pool bar, and beach bar. The resort also offers state-of-the-art meeting spaces for business and social gatherings. The resort's exceptional leisure facilities include a swimming pool, water sports, gym, and kids' play area. The launch aligns with the UAE's ambitious vision and the rising demand for exclusive, experiential stays in the region. The global heritage tourism market is projected to grow at a compound annual growth rate (CAGR) of 3.51% between 2025 and 2033, highlighting the significance of The Crest Collection's introduction to Marjan Island. Vincent Miccolis, Managing Director for The Ascott Limited in the Middle East, Africa, and Turkey, commented: 'The debut of The Crest Collection in the UAE is an exciting milestone for Ascott, and we're proud to bring this unique brand to the country. The Al Mahra Resort on Marjan Island is set to offer travellers immersive experiences that reflect the rich history and culture of the destination. We are honoured to partner with the esteemed FAM Holding, whose vision aligns perfectly with our commitment to creating distinctive properties and delivering exceptional hospitality experiences for today's discerning travellers' Dr Faisal =Mousa, Founder and Chairman of leading real estate developer FAM Holding, and owner of The Al Mahra Resort, said: 'The Al Mahra Resort seamlessly blends the natural beauty of Ras Al Khaimah with modern luxury, offering guests a unique experience that honours and celebrates the emirate's rich cultural heritage. Collaborating with The Ascott Limited has been a rewarding partnership. Their expertise, attention to detail, and shared vision have been pivotal in bringing this project to life."
Trade Arabia
25-02-2025
- Business
- Trade Arabia
Ascott accelerates expansion in Morocco
The Ascott Limited, a global hospitality operator and leader in apart'hotels and hotels, is accelerating its expansion across North Africa with new partnerships, openings and a robust pipeline of upcoming properties in Morocco's key economic and tourism hubs. Marking a significant milestone in its Morocco expansion strategy, Ascott has celebrated the recent opening of Citadines Almaz Casablanca. The 61-unit apart'hotel caters to both short- and long-stay guests, blending comfort and convenience in Morocco's bustling commercial capital. Located just 30 minutes from Mohammed V International Airport, Citadines Almaz Casablanca offers easy access to key landmarks like the Hassan II Mosque, Old Medina, and the scenic Corniche. With state-of-the-art amenities including a gym, restaurant, and meeting facilities, Citadines Almaz Casablanca provides a seamless 'live, work, and play' experience for modern travellers. Further strengthening its presence in the region, Ascott signs Citadines Bab Tangier, a 130-unit property slated to open in 2027. The apart'hotel will be strategically located near Tangier International Airport, the Freezone, and the industrial zone, making it a prime choice for business and leisure travellers. Tangier's rapid economic growth, driven by its position on the Strait of Gibraltar and a thriving manufacturing sector, is pivotal as a strategic market for Ascott. Morocco's tourism sector is experiencing unprecedented growth, with over 17 million visitors in 2024—a 20 per cent increase from the previous year—and projections of 20 million visitors by 2025. The 2030 FIFA World Cup, which Morocco will co-host, is set to further elevate the country's global profile, attracting millions of football fans and driving demand for premium accommodations. Capitalising on the region's rapid growth and rising appeal as a premier global travel hotspot, Ascott's continued investment in Morocco underscores its long-term vision for North Africa, the company said. Ascott's Morocco pipeline also includes several highly anticipated openings across Casablanca and Marrakech: • Citadines Connect Belvedere Casablanca (Q4, 2026): A 60-unit business hotel near Casablanca's central business district, the historic Medina, and the bustling Prince Moulay Abdallah neighbourhood, catering to corporate travellers seeking modern conveniences. • Citadines Racine Casablanca (Q3, 2025): A 123-unit serviced residence right in the heart of the Racine business district, idea for both a short getaway and a long stay in the vibrant city center. • Ascott Hivernage Marrakech (Q4, 2026): A 100-unit elegantly designed serviced residence in the prestigious Hivernage district, offering majestic views of the Atlas Mountains and proximity to key landmarks including the iconic Jamaa el Fna Square and the vibrant souks of the Medina. • The Unlimited Collection Marrakech (Q4, 2026): A 90-room lifestyle hotel in the lively cultural and commercial hub of Gueliz, offering guests the authentic 'RedCity' experiences along with state-of-the-art amenities. 'We are excited to deepen our presence in North Africa and specifically Morocco, a country that is witnessing remarkable growth and holds immense potential. We are seeing an increasing need for serviced apartments and lifestyle hotels that aligns seamlessly with Ascott's expertise in flexible long- and short-stay accommodation solutions,' said Vincent Miccolis, Managing Director for Middle East, Africa and Türkiye at The Ascott Limited. 'The opening of Citadines Almaz Casablanca and the signing of Citadines Bab Tangier mark key milestones in our ambitious growth strategy as we continue to provide exceptional guest experiences across this dynamic region.' With six properties totaling over 600 rooms in North Africa – a 30 per cent increase from 2023 – Ascott is well-positioned to deliver world-class lodging solutions to support the region's economic and tourism growth. Ascott continues to provide a diverse range of offerings tailored to meet the evolving needs of travellers and property owners with 40 properties and over 5,800 units in operation and under development across the Middle East, Africa and Turkey, the company said. -TradeArabia News Service
Zawya
07-02-2025
- Business
- Zawya
The Ascott Limited announces landmark signing of The Crest Collection in Riyadh
The Ascott Limited, in partnership with Homod Altheeb Holding, is bringing The Crest Collection to Riyadh, marking the brand's debut in Saudi Arabia. Located in the prestigious An Nakheel district, this high-end property will feature elegantly designed rooms, luxury amenities, and first-class facilities. The project aligns with Saudi Arabia's Vision 2030, reaffirming Ascott's commitment to growth in the Kingdom and enhancing Riyadh's position as a global tourism hub. Riyadh, Kingdom of Saudi Arabia – The Ascott Limited, a leading international lodging operator, is proud to announce the signing of its first The Crest Collection property in Saudi Arabia, in collaboration with Homod Altheeb Holding. Located in Riyadh's prestigious An Nakheel district, this landmark development marks a significant milestone in Ascott's rapidly expanding regional portfolio and aligns with Saudi Arabia's Vision 2030 to elevate tourism across the Kingdom. The signing of The Crest Collection in Riyadh also represents a pivotal step in the brand's international expansion, further solidifying its reputation for excellence in global hospitality. Joining renowned locations such as Paris, London, Tokyo and Singapore, the Riyadh property underscores The Crest Collection's dedication to delivering distinguished experiences in prominent destinations worldwide. Set to open in January 2028, this opulent 5-star development will feature exquisitely designed hotel rooms, serviced apartments, and suites, catering to both leisure and business travelers. Guests will experience an array of premium amenities, including specialty dining restaurants, a signature 'Reading Room' lounge and café, and comprehensive wellness facilities featuring a pool, gym, and treatment rooms. For business travelers, the property will also offer state-of-the-art meeting and multi - functional spaces, making it a prime destination for corporate and social gatherings. Strategically located on King Fahd Road, the property is surrounded by key commercial and lifestyle hubs, including King Abdullah Financial District, Riyadh Digital City, and Kingdom Tower. In addition, high-end shopping destinations such as Gallery Mall and Al Faisaliah Mall are just a short drive away, placing the property at the center of Riyadh's vibrant urban landscape with excellent connectivity. Vincent Miccolis, Managing Director for The Ascott Limited, Middle East, Africa, and Turkey, said: 'This iconic project marks an exciting milestone for The Ascott Limited as we debut The Crest Collection in Saudi Arabia, further strengthening our growth and presence in the Kingdom. Renowned for its exceptional properties that blend the heritage of a destination with unique character and sophistication, The Crest Collection epitomizes bespoke hospitality. Partnering with the esteemed Homod Altheeb Holding, we are proud to bring a property of timeless elegance, prestige and excellence to Riyadh's burgeoning hospitality landscape.' Mohammad Ho m o d Altheeb, Vice Chairman of the Board of Directors, Homod Altheeb Holding, said: 'We are pleased to partner with The Ascott Limited to bring the first The Crest Collection to the Kingdom of Saudi Arabia. This landmark development highlights our shared commitment to advancing Saudi Arabia's Vision 2030. With its prime location, sophisticated design, and world-class amenities, this property will set a new benchmark for hospitality in Riyadh, further solidify the city's reputation as a premier global destination, and contribute to Homod Altheeb Holding's expansive vision in hospitality and tourism.' This prestigious development reflects the unique heritage and timeless sophistication of The Crest Collection, providing an elevated experience for discerning guests and redefining hospitality excellence in Saudi Arabia. About The Ascott Limited Since pioneering Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984, Ascott has grown to be a trusted hospitality company with more than 940 properties globally. Headquartered in Singapore, Ascott's presence extends across more than 220 cities in over 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA. Ascott's diversified accommodation offerings span serviced residences, coliving properties, hotels and independent senior living apartments, as well as student accommodation and rental housing. Its award-winning hospitality brands include Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Preference, Fox, Harris, POP!, Vertu and Yello; and it has a brand partnership with Domitys. Through Ascott Star Rewards (ASR), Ascott's loyalty programme, members enjoy exclusive privileges and offers at participating properties. A wholly owned business unit of CapitaLand Investment Limited, Ascott is a leading vertically integrated lodging operator. Harnessing its extensive network of third-party owners and in-market expertise, Ascott grows fee-related earnings through its hospitality management and investment management capabilities. Ascott also expands its funds under management by growing its sponsored CapitaLand Ascott Trust and private funds. About Homod Altheeb Holding Homod Altheeb Holding was established as an extension of Homod Abdullah Altheeb's endeavours, which began in 1979. Starting as a small establishment in the construction sector, the company grew and evolved into a holding group that now oversees several specialized companies. This success is attributed to its effective management and over 45 years of extensive experience. The group has successfully expanded its investments into diverse fields, including trade, industry, real estate, hospitality services, and petroleum services, all while maintaining a steadfast commitment to innovation and quality in every aspect of its operations. In 1979, Homod Altheeb stood at the threshold of his first dream, fueled by ambition and a determination to pave a path to success. His journey began with Theeb Contracting, laying the foundation for a structure that would grow with time. Step by step, he expanded his horizons, diversifying his ventures and building an innovative investment portfolio that left a notable mark across various sectors. Today, Hamoud Altheeb Holding stands as a beacon of innovation and excellence, with its reach spanning vital industries that support the national economy, localization, and enhance the quality of life for individuals and communities. This success was not a matter of chance, it was rooted in high-quality internal systems, exceptional external dealings based on trust and professionalism and a forward-thinking approach. Through this pioneering mindset and a commitment to development, Homod Altheeb Holding has built a diverse and innovative investment portfolio. It actively contributes to the national economy and the well-being of society by adopting top-tier internal systems, exceptional external practices, and precise operations that align with the highest standards. Homod Altheeb Holding is one of the leading companies in corporate management of holding and investment companies. (Management and operation of hotels, furnished residential units, chalets, car rental, real estate development and general construction of residential buildings, roads and real estate rental, operation of gas stations in various cities of the Kingdom and on the quick roads associated with them, transportation of burns, investment in securities inside and outside the Kingdom, transport and logistics, agricultural sector).
