Ascott to open two new properties in Ghana

Ascott, the world’s largest serviced residence provider, has secured two properties in Accra, Ghana. The 220-unit Ascott 1 Oxford Street Accra will open in phases from 2019, while the 40-unit Kwarleyz Residence will open in 4Q 2018. Lee Chee Koon, Chief Executive Officer, Ascott said, “We are excited to close a record year of growth for Ascott with the successful addition of Africa to Ascott’s global footprint. Ascott added 18 new cities across nine countries and secured a record of over 21,000 units in 2017. This is not only twice the increase in 2016, but also Ascott’s largest ever portfolio expansion in a single year. As these properties progressively open and stabilise, we can expect more fee income contribution to Ascott annually.