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BRIEF-Capitaland says Ascott advances into South America with two franchise properties in Brazil
April 3, 2017 / 11:31 PM / 5 months ago

BRIEF-Capitaland says Ascott advances into South America with two franchise properties in Brazil

April 4 (Reuters) - Capitaland Ltd:

* Targets 10,000 serviced residence units in South America in next five years

* Sets its sights to expand in Brazil, Argentina, Chile and Mexico

* Ascott advances into South America with its first two franchise properties in Brazil

* Serviced residence business unit, Ascott Ltd breaks into South America with franchise agreements for two serviced residences in Brazil

* Two serviced residences are scheduled to open in last quarter of this year and 2020 respectively

* Ascott and Vitacon also signed agreement with an intent to establish a portfolio of at least 5,000 Citadines- branded units in São Paulo Source text for Eikon: Further company coverage:

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