Ascott Limited expands European portfolio with seven new property signings in Vienna, Seville

EUROPE – The Ascott Limited (Ascott), CapitaLand Investment’s fully owned lodging business unit, has signed seven new properties through franchise and management contracts totaling nearly 1,100 units across Vienna and Seville.

This marks a significant milestone in Ascott’s ongoing European expansion.

These signings will expand its European portfolio to 64 properties with almost 8,500 units across 26 cities in 10 countries, including operational and pipeline projects.

The announcement was made at the official opening of lyf Gambetta Paris, Ascott’s first lyf property in France.

Since its soft launch in June 2025, this 140-unit urban social living hub has garnered positive guest reviews and built a vibrant community, reflecting the growing appeal of lyf across Europe now featuring eight properties.

Vienna gains five new properties through an enhanced partnership with developer VIE Trust Real Estate Group, adding 750 units across various brands, including a 150-unit lyf property set for late 2026 opening adjacent to the city’s 15th-district train station.

This brings Ascott’s total Vienna portfolio to nine properties with nearly 1,400 units, cementing its role as a leading international hospitality operator in the city.

In Seville, two new properties, a 250-unit lyf and a 120-unit Somerset, join the 12.5-hectare mixed-use Lagoon City Seville development.

Located near an 18-hole golf course and the city centre, these mark Ascott’s first European beachside resort project, expanding its Spanish portfolio to three properties with over 500 units.

Mr. Kevin Goh, Ascott’s CEO, stated: “Europe is a cornerstone of our global growth strategy, with resilient, high-yield markets and significant unbranded quality assets. Our expansion and growing brand presence reflect demand for trusted operators with proven global scale.”

Mr. Lee Ngor Houai, COO for Europe and other regions, highlighted Ascott’s multi-typology brand strategy that adapts across urban and leisure destinations, creating meaningful guest connections to local communities.

Ascott’s deliberate growth approach through franchise and management contracts allow it to scale efficiently and build long-term brand equity in one of the world’s most attractive hospitality markets.

Kevin Goh, Ascott’s CEO, added: “Our strengthened partnerships in Vienna and Seville are pivotal to our European growth. These collaborations enable us to deliver diverse, high-quality hospitality experiences while expanding our presence efficiently within key markets.”

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