Oakwood has been expanded to 48 cities, including Busan in South Korea and Ha Long (pictured) in Vietnam. — The Straits Times
SERVICED apartment provider Oakwood has secured over 3,000 units across more than 20 properties since it was acquired by CapitaLand Investment’s (CLI) lodging arm, The Ascott, in the second half of 2022.
Ascott on Jan 18 said its Oakwood portfolio has grown by more than 20% to almost 18,000 units, up from about 15,000 units at acquisition, making it one of the company’s fastest-growing global brands in 2023.
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