CapitaLand Investment's Lodging Unit to Invest in AI Infrastructure

MT Newswires04-24

CapitaLand Investment's (SGX:9CI) lodging business unit, The Ascott, outlined plans to push into AI-ready infrastructure based around agentic commerce, according to a Thursday filing with the Singapore Exchange.

Shares of the real estate asset manager were up under 1% in Friday trading.

The Ascott has entered into strategic collaborations with Accenture, Amadeus and EHL Hospitality Business School to fast-track its transformation.

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