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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.

Read more: Ascott Achieves Record Year of Fee Earnings at S$331M and Highest Number of Property Openings in FY...

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