Ascott Accelerates Vietnam Expansion with Nine New Property Signings in First Half of 2026

Ascott Accelerates Vietnam Expansion with Nine New Property Signings in First Half of 2026

By Manu Vardhan Kannan

Published on August 2, 2026

The Ascott Limited (Ascott), the Singapore-headquartered hospitality company wholly owned by CapitaLand Investment (CLI), has strengthened its presence in Vietnam by signing management agreements for nine new properties in the first half of 2026. The latest additions, comprising more than 3,200 units, represent Ascott's fastest expansion in the country to date and increase its Vietnam portfolio by over 30%.

With these signings, Ascott's portfolio in Vietnam now stands at approximately 12,000 units across 42 operational and pipeline properties in 14 cities, making Vietnam its third-largest pipeline market in Asia. The newly signed properties are expected to open progressively from 2028.

The expansion includes four projects with long-term partner Sun Group and five projects with new property owners, reflecting growing confidence in Ascott's asset-light hospitality management model.

Commenting on the expansion, Kevin Goh, Chief Executive Officer, Ascott, said, "Vietnam is one of the most exciting hospitality growth stories in Asia. Demand is rising in the cities, along the coast and across traveller segments, and our flex-hybrid model gives us the versatility to capture it through asset-light growth. Property owners value that our platform can serve both long and short stays, and operate formats as diverse as serviced residences, hotels, resorts and social living properties."

He added that the latest signings strengthen Ascott's leadership in the serviced residence and extended-stay segment while expanding into luxury and leisure destinations.

Expansion Across Key Cities and Emerging Destinations

The new projects strengthen Ascott's footprint in Hanoi, Ho Chi Minh City and Hai Phong, while expanding into coastal leisure destinations including Da Nang, Phu Quoc and Quy Nhon.

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A key milestone is the debut of The Crest Collection brand in Vietnam through two properties located in Hanoi and Ho Chi Minh City. The remaining projects span several of Ascott's brands, including Ascott, Citadines, Somerset, Oakwood, lyf and Harris.

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Among the notable developments is Diamond Crown Westlake by The Crest Collection in Hanoi, located on the Quang An Peninsula overlooking West Lake. The luxury property will feature one- to four-bedroom residences, suites and duplex units. Another addition, Citadines Riverside Hai Phong, will cater to extended-stay travellers with studios and apartments situated within the Hoang Huy Green River urban development in northern Vietnam.

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On the central coast, Somerset Non Nuoc Da Nang Resort will offer serviced apartments and villas along Non Nuoc Beach, while Citadines Quy Nhon Resort marks Ascott's entry into Quy Nhon, an emerging tourism destination gaining popularity due to infrastructure development and increasing visitor arrivals.

Strengthening Partnership with Sun Group

Ascott has further expanded its collaboration with Sun Group by signing four new projects. Three of these developments are located within a single integrated township in Phu Quoc, comprising an Ascott-branded serviced residence, a lyf social living property and a Harris family-friendly resort. Together, they will offer nearly 1,400 units and cater to different traveller segments ahead of the APEC Economic Leaders' Meeting scheduled in Phu Quoc in 2027. The fourth project introduces The Crest Collection to Ho Chi Minh City's central luxury district, targeting business travellers, affluent leisure guests and long-stay residents.

New Partnerships Drive Growth

Ascott has also entered into partnerships with several new property owners across Vietnam. DOJI Group will develop Diamond Crown Westlake by The Crest Collection in Hanoi, while Intertruck Co., Ltd will bring Citadines Riverside Hai Phong to the city's growing administrative district.

Additional projects include Oakwood Thao Dien in Ho Chi Minh City, Somerset Non Nuoc Da Nang Resort and Citadines Quy Nhon Resort, further diversifying Ascott's presence across business, leisure and extended-stay segments.

Commenting on the company's growth strategy, Serena Lim, Chief Growth Officer, Ascott, said, "Vietnam's hotel development pipeline is moving quickly into construction, particularly in Hanoi and Ho Chi Minh City, and owners are selecting their operating partners now. Ascott's operating track record in extended stay is a clear differentiator, while our multi-brand strategy enables us to match the right brand with each opportunity."

She added that Ascott expects the strong signing momentum to continue during the second half of 2026.

Upcoming Openings Strengthen Vietnam Portfolio

Ascott currently operates 16 properties across seven cities in Vietnam and has a strong development pipeline. Upcoming openings include Harris Resort Cam Ranh, scheduled for the first quarter of 2027, followed by Citadines Selavia Phu Quoc in the third quarter of 2027. The company is also preparing for the phased opening of Ascott Tay Ho Hanoi, which will feature 1,165 guestrooms, multiple dining concepts and one of Hanoi's largest convention and wedding centres.

David Cumming, Regional General Manager, Indochina, Ascott, said the company has evolved from being an investor in Vietnam to becoming a leading asset-light hospitality operator.

"We share our local expertise with property owners, enabling us to identify opportunities early and respond quickly. As Vietnam continues its growth journey, Ascott is committed to delivering high-performing properties while expanding our operational capabilities across the country," he said.

The Vietnam expansion follows Ascott's record performance across Southeast Asia, where the company signed more than 7,300 units in 2025, reinforcing its position among the region's leading hospitality operators.


Soyi at OZEN RESERVE BOLIFUSHI Brings Pan-Asian Flavours to the Maldives

Soyi at OZEN RESERVE BOLIFUSHI Brings Pan-Asian Flavours to the Maldives

By Manu Vardhan Kannan

Published on November 13, 2026

OZEN RESERVE BOLIFUSHI in the Maldives brings together Asian culinary traditions and island dining at Soyi, its signature fine-dining restaurant overlooking the turquoise waters of South Malé Atoll. Offering a menu inspired by different parts of Asia, the restaurant combines regional flavours, traditional cooking techniques and elegant presentation in a scenic lagoon-side setting.

Guests can choose to dine inside the intimate, glass-fronted pavilion or on its wooden deck beneath the Maldivian sky. With its architecture, warm lighting and water views, Soyi offers a setting suited to romantic dinners, special celebrations and relaxed gatherings.

The menu draws inspiration from China, Thailand, Indonesia, Malaysia and Japan, bringing together a variety of regional dishes, spices and cooking styles. The selection includes both vegetarian and non-vegetarian preparations, allowing guests to explore different flavours from across the continent.

Some of the vegetarian options include Asian Wild Mushroom, Black Fungus Salad and Crystal Vegetables. The non-vegetarian selection features dishes such as Tom Yum, Chicken Shumai, Thai Red Curry Prawns and Sweet and Sour Pork Ribs.

For dessert, guests can choose from Wasabi Brûlée, Mango Sticky Rice and Shokupan Honey Toast, along with a selection of homemade ice creams.

Speaking about the restaurant's culinary approach, Abnash Kumar, General Manager at OZEN RESERVE BOLIFUSHI, said, "At Soyi, we bring together the culinary traditions of Asia through a menu shaped by their distinct flavours, spices and cooking techniques. We want guests to rediscover familiar regional favourites through nuanced preparations, elegant plating and ingredients that reveal the depth of these cuisines. Soyi reflects our approach to dining at OZEN RESERVE BOLIFUSHI, where every meal is conceived as a memorable part of the island experience."

With its Pan-Asian menu and lagoon-side location, Soyi adds to the dining experience at OZEN RESERVE BOLIFUSHI, bringing together regional cuisine, island hospitality and the surroundings of the Indian Ocean.


IHG Hotels & Resorts Celebrates 50 Open voco Hotels Across Europe

IHG Hotels & Resorts Celebrates 50 Open voco Hotels Across Europe

By Manu Vardhan Kannan

Published on November 11, 2026

IHG Hotels & Resorts has announced that its voco hotels brand has reached 50 open properties across Europe, marking another milestone in its expansion. Launched in 2018, voco has become IHG's fastest-growing premium brand, attracting guests with its individual character and welcoming hospitality while offering hotel owners a flexible brand model.

The brand continues to expand across major cities, resort destinations and neighbourhood locations in Europe, with another 26 hotels in its development pipeline. Its growth also reflects its position in the premium hotel segment, having won the World Travel Awards' Europe's Leading Premium Hotel Brand title for five consecutive years.

IHG's expansion across Europe has been supported by new hotel signings and conversions across its brand portfolio. For voco, its conversion-friendly model, flexible design approach and access to IHG's global distribution network, commercial scale and IHG One Rewards programme have supported its growth.

Recent openings include voco Budapest D8, the brand's first hotel in Hungary, and voco Antalya Konyaaltı, its first property in Türkiye. Another addition is the 114-room voco London Bloomsbury, located in a Fitzrovian building near the British Museum, Tottenham Court Road, Covent Garden and Soho.

The brand's sustainability efforts are also reflected in voco Zeal Exeter Science Park, IHG's first Net Zero Carbon hotel. The property demonstrates how sustainability initiatives can be brought together with premium hospitality while maintaining the guest experience.

Karin Sheppard, SVP & Managing Director, Europe, IHG Hotels & Resorts, said, “Reaching 50 open voco hotels across Europe is a proud moment for IHG and a real testament to the strength of this brand, the confidence of our owners, and the brilliant work of our hotel teams right across the region. Since launching, voco has carved out a distinctive position in the premium segment: it gives guests a warm, charming and characterful hotel experience, while offering owners a flexible, commercially compelling route to growth.

“What excites me most is the momentum still to come and the incredibly positive conversations we are having with owners in every corner of the region. We have a strong pipeline of 26 voco hotels set to open across Europe, including our first hotel in Tashkent which will see IHG expand our premium presence in Uzbekistan and opening our first European voco suites in Cesme, Türkiye in 2027. Owners are looking for versatile and trusted brands, faster routes to market and the strength of IHG’s enterprise behind them, and voco is proving to be a powerful answer to that demand.”

Each voco property follows three brand hallmarks: Come on in, Me time and voco life. These elements aim to create an inviting experience that combines the individual character of each hotel with the consistency and support of a global brand. The model also allows owners to retain the distinctive features of existing properties while benefiting from IHG's systems and commercial network.

With 50 hotels now open and 26 more in development, voco continues to strengthen IHG's presence in Europe's premium hospitality segment. Planned additions include the brand's first hotel in Tashkent and its first European voco suites in Cesme, Türkiye, both contributing to its future expansion.


Saffron Indian Cuisine Appoints Chef Narendra Singh as Specialty Chef in North Carolina

Saffron Indian Cuisine Appoints Chef Narendra Singh as Specialty Chef in North Carolina

By Manu Vardhan Kannan

Published on November 9, 2026

Saffron Indian Cuisine in Cary, North Carolina, has Chef Narendra Singh as its Specialty Chef, bringing over 15 years of culinary experience across premium hospitality establishments, international cruise operations, restaurant kitchens and catering services in the United States.

Specialising in Indian cuisine, Chef Narendra brings expertise in North Indian and Mughlai preparations, signature curries, biryanis and kebabs. His professional experience also covers menu development, recipe standardisation, production planning, kitchen coordination, food safety and large-scale food production.

He has been associated with Saffron Indian Cuisine since January 2025, contributing to daily kitchen operations and catering services for private events, weddings, corporate functions and community celebrations. His responsibilities include coordinating food preparation, managing kitchen stations and maintaining consistency in flavour, presentation and quality.

Chef Narendra has also contributed to the restaurant's food preparation and service for Cary Diwali, a major community celebration attended by thousands of people. The event involved large-scale Indian food production, detailed preparation planning and kitchen coordination to maintain quality during peak demand.

Speaking about his association, Chef Narendra Singh said, "Cooking is about preserving the authenticity of traditional Indian flavours while ensuring consistency and quality in every dish. At Saffron Indian Cuisine, I look forward to bringing my experience in North Indian and Mughlai cuisine, exploring new preparations and contributing to the restaurant's growth. Being part of community celebrations is equally rewarding because food brings people together and creates a connection with Indian culture and traditions."

Before joining Saffron Indian Cuisine, he worked with Thomas United Company Ltd. / Food Hub in Bermuda, where he prepared Indian speciality dishes and supported restaurant operations. He also gained international cruise hospitality experience with Carnival Cruise Lines, handling kitchen-station responsibilities, standardised food preparation and food-safety practices.

Earlier in his career, Chef Narendra worked at ITC Royal Gardenia in Bengaluru, India, where he developed his skills in North Indian and Mughlai cooking, kitchen organisation and professional food preparation.

His professional achievements include receiving the Master Chef India title from the Royal Bengal Master Chef Organization in May 2026. He was also selected as an International Judge at the Indian Culinary Premier League 2026, organised by the same organisation. With experience across India, Bermuda, international cruise operations and the United States, Chef Narendra brings traditional Indian culinary knowledge and international kitchen exposure to his role at Saffron Indian Cuisine.

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