CapitaLand wholly owned lodging business unit, The Ascott Limited continues to see strong demand for its coliving brand lyf, which caters to a growing segment of millennials who seek flexibility, value and enriching community experiences. Ascott is adding over 1,000 units across six new lyf properties.
Hotel news in Australia
SilverNeedle Group is set to open a new Sage Hotel in West Perth, May 2016 in partnership with local Perth private property development and investment group, Australian Development Capital (ADC). The $35 million dollar development signals the Sage Hotel brand entry into the upscale hotel segment in Perth.