
The Ascott Group continues to expand worldwide with the openings of two new Citadines residence hotels in São Paulo in Brazil, in 2017 and 2020.
The Ascott Limited is a subsidiary of the real estate company CapitaLand and wants to develop 10,000 apartments in South America over the next five years with projects in Brazil, Argentina, Mexico and Chile. As of January 1, 2016, Ascott International ranked 126th in the worldwide ranking of hotel and extended-stay chains, with 67 establishments totaling 9,639 rooms, according to data published by Hospitality ON.
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