(07 Oct 2021)
Ascott has expanded its lyf portfolio to a total of
17 properties with over 3,000 units in 13 cities and nine
countries.

The expanded portfolio includes the newly opened lyf
Mid-Town Hangzhou, Ascott’s first lyf-branded co-living property in
China.

The company has also secured a management contract for its second lyf
property in Thailand, lyf Riverside Bangkok.

In addition, Ascott acquired the first lyf property
in Europe, livelyfhere Gambetta Paris, through its private fund
Ascott Serviced Residence Global Fund (ASRGF), in June 2021.

To date, Ascott has opened four lyf properties
in Singapore, Bangkok, Fukuoka and Hangzhou. Three more are
slated to open later this year in Singapore, Xi’an and Shanghai –
lyf one-north Singapore, as well as lyf Dayanta Xi’an and lyf
Hongqiao Shanghai in China.

Between 2022 and 2025, 10 more lyf properties are slated to open in Bangkok, Beijing, Cebu, Danang,
Kuala Lumpur, Manila, Melbourne, Paris, Shanghai and Singapore.

Ms Tan Bee Leng, Ascott’s Managing Director for Brand & Marketing
said: “lyf is a hybrid lodging solution that combines the best of
serviced residences, hotels and co-living apartments. The concept
continues to resonate well with our guests and partners across the
world with new signings and property openings on track despite
COVID19. It demonstrates that our partners recognise the
resilience of Ascott’s lodging products and the value we bring as
one of the leading international lodging owner-operators. With the
opening of our first lyf property in China, Ascott has opened a
total of more than 5,000 units in over 20 properties globally this
year. This is more than double the number of units opened for the
same period last year.”

lyf debuts in China

The lyf Mid-Town Hangzhou is
located in the Gongshu district of the city, near the Grand Canal, a popular
UNESCO World Heritage site noted for its historical relics. It is
also close to a shopping mall, directly opposite the Hangzhou
International Convention and Exhibition Centre and within a quick
walk from a new train station that is scheduled to open in Q1 2022
along line 10 of Hangzhou’s metro network.

lyf Mid-Town Hangzhou offers 118 studios and apartments,
a social kitchen, co-working and lounge zone, and a self-service
laundry room.

Providing a digital experience through the
‘Discover ASR’ mobile app, guests at lyf Mid-Town Hangzhou can
access their rooms via a mobile key. Guests can also perform
mobile check-in and out, make contactless payments, interact with
other guests via the in-app social wall and  communicate with
lyf Guards.

Second lyf in Thailand

Scheduled to open in 2022, the lyf Riverside
Bangkok is located within walking distance of the Charoen Nakhon
and Krung Thon Buri BTS Skytrain stations. ICONSIAM, one of Asia’s
largest upscale shopping malls, is also a short walk away.

The 71-unit lyf Riverside Bangkok will offer
studios, a social kitchen, a semi-outdoor fitness area, a
co-working and lounge zone, as well as a self-service laundry room
and an outdoor terrace.

See latest

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Interviews,

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Podcasts
and other
news regarding:

Ascott,

lyf,

Hangzhou,

CapitaLand.


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