SINGAPORE, 22 October 2025: The Ascott Limited, a wholly owned lodging business unit of CapitaLand Investment (CLI), has signed seven new properties through franchise and management agreements totalling nearly 1,100 units across Vienna and Seville, marking a significant milestone in its ongoing European expansion.
These additions will expand Ascott’s European portfolio to 64 properties with nearly 8,500 units across 26 cities in 10 countries, including operational and pipeline properties. Globally, Ascott’s portfolio now totals over 1,000 properties with over 175,000 units.
The five new signings in Vienna deepen Ascott’s partnership with property developer VIE Trust Real Estate Group, with whom it already partners on three properties: Citadines South Vienna, lyf Schönbrunn Vienna and Somerset Schönbrunn Vienna. They will add 750 units across various brands to Ascott’s portfolio in Vienna, including a second lyf-branded property opening by the end of 2026.
Located in the city’s 15th district, the upcoming 150-unit lyf property is conveniently adjacent to the train station, offering connections to major international and regional destinations. These additions will bring Ascott’s Vienna portfolio to nine properties totalling nearly 1,400 units, strengthening its position as one of the city’s leading international hospitality operators.
Meanwhile, the two Seville signings extend Ascott’s partnership with real estate developer Forty Management SA, which also manages a project under The Crest Collection in Bucharest.
The two properties – a 250-unit lyf and a 120-unit Somerset – will be part of the 12.5-hectare mixed-use mega project Lagoon City Seville, anchored by an 18,000-square-metre artificial crystalline lagoon surrounded by beaches.
Located just 10 minutes from Seville’s city centre in an affluent area and adjacent to an 18-hole golf course, the resort development addresses the city’s lack of coastal access despite its hot, dry climate.
Besides the lyf and Somerset properties managed by Ascott, the resort development will include residential apartments and villas, a convention centre and many recreational amenities, restaurants and bars. Scheduled to open at the end of 2028, the two Seville properties mark Ascott’s first beachside resort project in Europe. They will expand the company’s Spanish portfolio from a single property in Barcelona (Citadines Ramblas Barcelona) to three properties with over 500 units.
(Source: Ascott)
