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Ascott China And Jin Jiang Hotels (China Region) Join Forces To Accelerate Asset-Light Expansion Of Apartment Hotel Brands Quest And TULIP LODJ

Partnership is unveiled at the Ascott Unlimited Global Marquee Event during ITB Asia 2024, capping off a year-long campaign celebrating Ascott’s 40th anniversary

SINGAPORE - Media OutReach Newswire - 23 October 2024 - The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), is pleased to announce that Ascott China has entered a 50:50 joint venture with Jin Jiang Hotels (China Region) to advance the asset-light expansion of their respective apartment hotel brands in China, namely Ascott's Quest and Jin Jiang Hotels' TULIP LODJ.

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