Ascott makes its debut in the Nordic region with landmark Finland signing, expanding Oakwood’s European footprint and strengthening its growing resort portfolio May 2026 – The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), has announced the signing of its first property in the Nordic region under the Oakwood brand, with a new premium resort development bordering Finland’s Nuuksio National Park. Scheduled to open in early 2028, the property marks Oakwood’s debut in Finland and Ascott’s continued expansion across Europe. Bordering Nuuksio National Park, one of Finland’s major national parks spanning 5,300 hectares of forests, lakes and trails, the resort will offer guests a nature-led retreat just 40 minutes from central Helsinki, 30 minutes from Helsinki Airport, and close to Espoo, Finland’s 2nd largest city. Combining the tranquility of the Finnish wilderness with proximity to Helsinki’s metropolitan area, the property is expected to appeal to both leisure travellers and corporate retreat groups seeking immersive outdoor and wellness experiences. The signing with Hotel Nuuksio Ltd to manage Oakwood Nuuksio Helsinki, reflects Ascott’s growing momentum in the resort sector, as the company continues to capitalise on strong global leisure travel demand. Ascott’s multi-typology brand strategy has driven a series of resort signings across destinations including Phuket, Phu Quoc, Nha Trang, Bali, Seville, Vienna and Helsinki, expanding its portfolio in resort destinations to more than 50 properties globally. The existing 65-room hotel will undergo a full renovation and repositioning under the Oakwood brand, alongside the introduction of a new wing featuring 160 guestrooms, bringing the total to 225. Oakwood Nuuksio Helsinki will bring a new hospitality offering to the Finnish market. Designed to cater to the growing “bleisure” travel segment, the brand provides guests with a seamless balance between work and leisure through thoughtfully designed spaces, experience-led stays and a commitment to responsible tourism. The resort’s facilities will include an all-day dining restaurant, unique private dining experiences inspired by traditional Nordic outdoor cooking, an indoor swimming pool, fitness centre and approximately 1,350 square meters of meeting and event space. A new lakeside “Sauna World” will also be developed as part of the transformation, featuring traditional Finnish saunas alongside hot and cold-water pools overlooking the surrounding landscape. Inspired by Finland’s four distinctive seasons and the increasing global demand for wellness and nature-based travel, the property will offer experiences ranging from snow hiking and cross-country skiing in winter to forest
