Prism Secures $5.6 Million Funding for Sunday PropTech Unit
The Ascott Limited announced its Citadines hotels portfolio has surpassed 200 hotels with plans to open another 20 under the upper-midscale brand by the end of 2026. The launches include Citadines on the Pier Hobart in Australia, Citadines Vue Aston Phnom Penh in Cambodia, as well as Citadines Hongkou Plaza Shanghai and Citadines Huadu Guangzhou in China. The opening of Citadines Hongkou Plaza Shanghai, to operate under a franchise agreement, will bring the total number of Citadines properties in the Tier-1 Chinese city to about 10. The portfolio currently stands at 205 overall, with 127 already operational. Conversions have accounted for 61% of Ascott’s unit openings globally in the first seven months of 2025.
Four Points by Sheraton has officially opened its doors in Bekasi, marking the brand’s debut in the Indonesian city. The opening represents the 14th Four Points by Sheraton property in the country. With the addition,
