Ascott to Add 8 Lyf-Branded Properties


Skift Take

CapitaLand Investment's the Ascott Limited, is adding eight new properties to its lyf brand portfolio. The additions mark Ascott’s expansion into various global city and resort destinations including Bali, Penang, and Sydney.

The Philippines Department of Tourism is very positive on President Marcos Jr’s plans for extended holiday breaks. Tourism officials believe these extended weekends in 2024 will provide a substantial boost to the country’s domestic tourism sector. The upcoming extended weekends is a perfect addition to the DOT’s National Tourism Development Plan for 2023-2028.

The town of Penrith, located in the Western suburbs of Sydney, Australia, recently had a new resort open. The Penrith Beach opened on December 19, 2023, along the Nepean River. Its opening resulted in a draw of over 10,000 locals and tourists, clearly being met with great excitement and anticipation from the local community.

The Ascott Limited, a subsidiary of CapitaLand Investment, is adding eight new properties to its lyf brand portfolio. The additions mark Ascott’s ambitious expansion into various global city and resort destinations including Bali, Penang, S