The Ascott Ltd is looking to develop up to 25 properties across the Philippines by 2020, bringing two new serviced apartment brands, Lyf catering for younger travellers and the high-end brand, The Crest, in response to economic improvement and a strong focus on tourism.
Five existing properties and six under development in the country are managed under the Ascott, Citadines and Somerset brands, offering 2,346 units in studio, one, two and three-bedroom apartments, while the proposed future developments are likely to bring the total inventory there to about 5,000 units.
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