Named President Group Chief Executive Officer
At CapitaLand Limited in Singapore, Singapore
Mr Lee Chee Koon, former Chief Executive Officer of The Ascott Limited (Ascott), will be appointed President Group Chief Executive Officer of Ascott’s parent company, CapitaLand Limited, with effect from 15 September 2018. As President Group CEO, Mr Lee will lead the top leadership team to scale up CapitaLand’s real estate capabilities across asset classes and geographies, to achieve sustainable competitive advantage as it rides the waves of economic and technological changes ahead.
Mr Lee is currently the Group Chief Investment Officer of CapitaLand. He was the Chief Executive Officer of Ascott, one of the leading international serviced residence owner-operators, from June 2013 to December 2017. Over a four-year period from 2013, he significantly grew Ascott’s revenues and oversaw its unprecedented expansion.
During his tenure, Ascott partnered the Qatar Investment Authority to establish a US$600 million global serviced residence fund and acquired majority-stakes in Quest Serviced Apartments and Synergy Global Housing. Ascott also invested in Tujia, China’s largest online apartment-sharing platform, and partnered Alibaba’s online travel service Fliggy (formerly Alitrip) to tap the growing base of domestic and international Chinese travellers. Ascott expanded into new territories, notably the U.S. and Africa. Ascott also launched a new brand, lyf, that caters to the rising demand from millennials for coliving spaces, and The Crest Collection comprising Ascott’s most prestigious and unique luxury serviced residences.
To date, Ascott has more than 75,000 serviced residence units in over 130 cities in more than 30 countries across the Americas, Asia Pacific, Europe and the Middle East.
Article source: https://www.hospitalitynet.org/appointment/79016801.html