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Ascott invests $140m in two new long-stay properties

Ascott invests $140m in two new long-stay properties

13 November 2015 Hotel News

The Ascott serviced residence global fund, recently launched with the Qatar Investment Authority, has acquired two prime properties in Paris and Tokyo for US$104 million. The fund will invest another US$33 million to convert the office building in Paris into a luxury serviced residence and embark on asset enhancement to reposition the serviced residence in Tokyo, bringing the total investment to US$137 million.

The Ascott adds four properties to burgeoning Asian portfolio

The Ascott adds four properties to burgeoning Asian portfolio

8 September 2015 Hotel News

The Ascott has secured four new contracts to manage over 850 units in four growing Asian markets. Having recently achieved its global target of 40,000 serviced residence units ahead of schedule, Ascott is widening its lead as the world’s largest international serviced residence owner and operator with over 42,000 units in 94 cities across 26 countries.

Ascott makes £55m investment in Tujia.com

Ascott makes £55m investment in Tujia.com

The Ascott, the world’s largest international serviced residence owner-operator, has invested over £55 million in Tujia.com – China’s answer to apartment-sharing website Airbnb. The joint venture, which will see Ascott operate and franchise serviced apartments with the site, will allow Ascott to expand its portfolio and meet its target of 20,000 units in China by 2020. As part of the joint venture with Tujia, Ascott will operate serviced apartments located within the key growth cities of China using a new brand.

Ascott enters $600m fund with Qatar Investment Authority

Ascott enters $600m fund with Qatar Investment Authority

The Ascott has entered into a 50:50 joint venture with Qatar Investment Authority to set up a US$600 million serviced residence fund with an initial focus on the Asia Pacific and Europe regions. This is Ascott’s largest private equity fund to date. With a target to launch six new funds with total assets under management of up to S$10 billion by 2020, this joint venture is part of CapitaLand’s efforts to further grow its fund management business and pursue market opportunities with a stable of blue chip capital partners.

Ascott unveils ambitious European expansion plans

Ascott unveils ambitious European expansion plans

18 May 2015 Hotel News

The Ascott has welcomed the visit by Singapore’s president Tony Tan to its newly opened Citadines Suites Arc de Triomphe Paris, as part of its celebrations to mark the 50th anniversary of trade relations between Singapore and France. Ascott also announced today its target of 10,000 apartment units in Europe by 2020.

Citadines Apart’hotels continues global expansion with new signings

Citadines Apart’hotels continues global expansion with new signings

14 April 2015 Hotel News

The Ascott has secured contracts to manage its first Citadines Apart’hotels in Vietnam, Sabah, Malaysia and the United Arab Emirates. The 200-unit Citadines Regency Saigon is slated to open in the vibrant commercial hub of Ho Chi Minh City’s District 3 in 2018 while the 253-unit Citadines Waterfront Kota Kinabalu is scheduled to open within the heart of the city in 2018.

The Ascott signs Citadines Medini Nusajaya in Malaysia

The Ascott signs Citadines Medini Nusajaya in Malaysia

13 March 2015 Hotel News

The Ascott has stepped up its presence in Iskandar Malaysia by securing a contract to manage its third property in Nusajaya. Slated to open in early 2019, the 214-unit Citadines Medini Nusajaya has a prime location in Nusajaya’s main business and leisure district. Ascott, the world’s largest international serviced residence owner-operator, has been awarded the contract by UMCity Medini Lakeside Development, a wholly-owned subsidiary of United Malayan Land.

The Ascott unveils four new properties across Asia as influence grows

The Ascott unveils four new properties across Asia as influence grows

5 February 2015 Hotel News

The Ascott has continued to expand its influence across Asia, adding four new serviced apartments to its portfolio in January including properties in Malaysia, Thailand, Vietnam and Turkey. These properties are located in four key growing cities and are perfect for those travelling for both business and leisure. These additional properties continue Ascott’s rapid global expansion, putting them on track for their target of 40,000 units by the end of 2015.

Ascott moves into Turkey with Somerset Maslak Istanbul

Ascott moves into Turkey with Somerset Maslak Istanbul

30 January 2015 Hotel News

The Ascott has secured a contract to manage its first serviced residence in Turkey, Somerset Maslak Istanbul. Ascott’s entry into Turkey will expand the footprint of the world’s largest international serviced residence owner-operator to 90 cities across 25 countries. Slated to open in 2016, the 159-unit Somerset Maslak Istanbul has a prime location in one of Istanbul’s main business and leisure districts.

Ascott expands portfolio with new Asian properties, including first in Malaysia

Ascott expands portfolio with new Asian properties, including first in Malaysia

23 January 2015 Hotel News

The Ascott continues to expand its global presence by opening its first serviced residences in Cyberjaya, Malaysia; Sri Racha, Thailand and Hai Phong, Vietnam. Citadines DPulze Cyberjaya, Citadines Grand Central Sri Racha and Somerset Central TD Hai Phong City are the first international branded serviced residences in the respective cities. Ascott’s first foray into Malaysia’s Multimedia Super Corridor, the 203-unit Citadines DPulze Cyberjaya is its fifth property to open in Malaysia.

Ascott links with Quest for significant Australian expansion

Ascott links with Quest for significant Australian expansion

23 October 2014 Hotel News

The Ascott, the world’s largest international serviced residence owner-operator, has entered into a strategic partnership with Quest Serviced Apartments. Under the terms of the deal, Ascott expects to invest up to AUD500 million to acquire new properties that Quest will secure for its franchise in Australia over the next five years.