The Ascott has opened its first serviced residence in Cambodia, CASA Meridian Residence, in Phnom Penh’s up-and-coming residential and retail hub of Diamond Island (Koh Pich).
The Ascott has welcomed new members to the team, with Thitirat Ditpanya joining as the new assistant director of sales and marketing, and Tasanee Ua-Aksorn as the new marketing manager for Thailand.
The Ascott is investing S$81.5 million to acquire and refurbish The Domain Hotel, a freehold hotel in Silicon Valley, California, in a move designed to capture the fast-growing demand from global technology companies and multinational corporations.
Breaking Travel News speaks to Nancy Faure, vice president, sales & marketing, Europe, The Ascott, about the company, what it offers to consumers in the hospitality market and what it means to win at the World Travel Awards.
CapitaLand‘s first integrated development in Indonesia, The Stature Jakarta, is on track for completion by end 2020 at a total development cost of approximately S$220 million.
The Ascott is investing S$170.3 million, through its serviced residence global fund with Qatar Investment Authority, in the serviced residence component of the Funan integrated development.
The Ascott is acquiring an 80 per cent stake in Synergy Global Housing, a leading accommodation provider in the US. The acquisition will expand Ascott’s footprint in the United States and strengthen its extensive range of international-class serviced residences for corporate customers worldwide.
The Ascott has opened its first Citadines Apart’hotel in Vietnam and expanded its footprint to a key tourism hub, Nha Trang. Citadines Bayfront Nha Trang is the first international-class serviced residence in the coastal city.
The Ascott continues to expand its presence in the Philippines with the opening of its seventh property in the country – the 293-unit Citadines Millennium Ortigas Manila – and its first in Ortigas Centre, a key central business district in Metro Manila.
The Ascott is acquiring an additional 60 per cent stake in Quest Apartment Hotels for A$180 million. This will increase Ascott’s stake in Quest from its current 20 per cent to 80 per cent, propelling Ascott to become the largest serviced residence provider in Australasia.
With the brand having taken the title of Asia’s Leading Serviced Apartment Brand at the World Travel Awards for the third year in success, Breaking Travel News here chats with Kevin Goh, chief operating officer, The Ascott Limited about the company’s plans for global expansion and the changing dynamics of the hospitality market.
The Ascott has clinched seven new contracts to manage over 1,300 apartments across six cities in China. These properties mark Ascott’s first foray into Kunming and Yichang while deepening its presence in Chongqing, Dalian, Shenzhen and Xuzhou.