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Singapore’s Ascott to Acquire Serviced Apartment Company Oakwood
Singapore-based Ascott is buying global serviced apartment provider Oakwood Worldwide from Mapletree Investments, increasing its global portfolio by 81 properties and about 15,000 units. Terms of the deal were not disclosed. The acquisition is set to be completed in the third quarter of 2022, after which 8,500 Oakwood operational units are expected to immediately contribute…
Peden Doma Bhutia | 1 year ago