CapitaLand’s hotel unit Ascott buys first Silicon Valley property for $59.9m

CapitaLand’s hotel unit Ascott buys first Silicon Valley property for $59.9m

The Domain Hotel

Singapore-based CapitaLand’s serviced residence unit The Ascott Ltd  is investing $59.9 million (S$81.5 million) to acquire and refurbish its first property in Silicon Valley, the fourth acquisition in US for Ascott within five months.

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