The Ascott Limited is a serviced residence operator. It has over 40,000 operating serviced units in the Americas, Asia Pacific region, Europe, and the Middle East. The company also has over 27,000 units under development, making a total of more than 67,000 units in over 500 properties. Its portfolio spans 124 cities across 31 countries. The Ascott Limited is a subsidiary of CapitaLand, a Singaporean real estate companies. The Ascott was delisted from the Singapore Exchange in 2008 after a compulsory acquisition. Some of the reasons cited were; "Accelerated growth in key areas by tapping on CapitaLand's more established real estate development and financial services capability" and "Greater cost savings through sharing of services and resources".