Serviced residence and lodge operator Ascott plans to develop its millennial targeted Lyf co-living model to 25 properties by 2025, together with a just lately signed location in Paris.
Lyf launched in 2016, and opened its first property in Singapore in 2019. Pronounced “Life” and standing for “Reside your freedom”, the model is focusing on “next-generation travellers”, providing a community-based expertise with managers referred to as “Lyf Guards”.
The Lyf portfolio has since grown to 4 areas in Singapore, Bangkok, Fukuoka and Hangzhou (pictured), with a second Singapore property set to open later this yr alongside areas in Xi’an and Shanghai.
Ascott is aiming to have three,000 items open throughout 13 cities by 2025, with forthcoming areas together with Bangkok, Beijing, Cebu, Danang, Kuala Lumpur, Manila, Melbourne, Paris, Shanghai and Singapore.
The group stated that its current Singapore location had been performing effectively, with a median occupancy price of 82 per cent as on the finish of August 2021.
The 139-unit Livelyfhere Gambetta Paris will mark the model’s European debut when it opens within the metropolis’s 20th arrondissement in 2024.