38 CapitaLand Ascott Trust United States of America 11 Properties 2,528 Units S$194.5M Total Revenue (FY 2025) S$88.3M Total Gross Profit (FY 2025) S$1,330.5M Valuation (as at 31 Dec 2025) Operations Review United States of America (USA) is one of CLAS’ key markets. In FY 2025, USA contributed 23% of CLAS’ gross profit. CLAS owns 11 USA properties under management contracts, consisting of three hotels and eight student accommodation properties. Management Contracts All three hotels in CLAS’ USA portfolio are in New York. Element New York Times Square West, a 411-unit leasehold hotel and voco Times Square South, a 224‑unit freehold hotel are in Midtown Manhattan, close to the Jacob K. Javits Convention Center (Javits Center), Hudson Yards and Times Square. Sheraton Tribeca New York Hotel is a 369-unit leasehold hotel in Tribeca, near the financial district and SoHo. The hotels have an average length of stay of less than a month. CLAS’ eight student accommodation properties are located near renowned universities with competitive athletics programmes, sizeable student populations and a steady enrolment growth. They have an average length of stay of about 12 months. Paloma Kent is a leasehold property located in Kent, Ohio, with 384 beds across 126 units. The property is adjacent to the campus of Kent State University. CLAS owns two properties in North Carolina, Paloma Raleigh and Uncommon Wilmington. Paloma Raleigh is a freehold student accommodation with 523 beds across 180 units. The property caters to students at North Carolina State University, which is about 2km away. Uncommon Wilmington is a freehold property with 493 beds across 150 units located in the city of Wilmington. It is situated about 1.5km from the University of North Carolina Wilmington, a three-minute drive to the campus. Paloma University City is a freehold property comprising 251 beds across 126 units situated in Philadelphia, Pennsylvania. Located in the heart of Philadelphia’s University City, it is walking distance from both the University of Pennsylvania and Drexel University as well as uCity Square, a life science and technology hub with retail, residential, clinical, office and laboratory space. Paloma West Midtown is a freehold property with 525 beds across 183 units located in the heart of Atlanta, Georgia. It is situated across the street from the Georgia Institute of Technology. Seven07 is a freehold property with 548 beds across 218 units located in the city of Champaign, Illinois, less than 200m away from the University of Illinois. Standard at Columbia is a freehold property consisting of 678 beds across 247 units, located in Columbia, South Carolina. It primarily serves students from the University of South Carolina. Wildwood Lubbock is a freehold property with 1,005 beds across 294 units located in the city of Lubbock, Texas. It is situated 2.7km from the campus boundary of Texas Tech University. ▲ Featured property: Standard at Columbia, USA Key Market
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