SINGAPORE (July 10): CapitaLand recently announced that its serviced residence segment, The Ascott, will acquire for A$180 million ($191 million) an additional 60% stake in Quest Apartment Hotels.
See: CapitaLand’s Ascott group acquires additional 60% stake in Quest Apartment Hotels for $191 mil
This will boost CapitaLand’s stake to 80% after which the group will become the largest serviced residence provider in Australasia.
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