Ascott has extended its footprint to Thailand’s eastern seaboard economic region, winning contract to manage a 133-unit serviced residence in Sri Racha district, Chonburi province.
Scheduled to open in 2014, the new Citadines Grand Central Sri Racha will enhance Ascott’s pole position as the largest international serviced residence owner-operator in Thailand with over 1,800 apartment units across ten properties.
By bringing Citadines to Sri Racha, Ascott will also have 76 Citadines-branded properties in 45 cities globally.
This property is another example of how Ascott, a Singapore company, has been expanding worldwide.
Ascott pioneered Asia Pacific’s first international-class serviced residence starting with the opening of The Ascott Singapore in 1984.
Since then, Ascott has grown to more than 33,000 apartment units in over 200 properties in 82 cities across more than 20 countries in Asia Pacific, Europe and the Gulf region.