Marks entry of the world-renowned Ascott brand in the Malaysian island state
GEORGE TOWN, Malaysia, March 4 (Bernama-PRNewswire) — CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) will be managing Ascott Gurney Penang, the first international-class serviced apartment in the state under Ascott’s world renowned luxury Ascott The Residence brand. Ascott Gurney Penang is owned by Plenitude Berhad, a publicly listed company with investments in hospitality and property development.