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Ascott Group News

The Ascott reveals four new properties as ambitious expansion continues

The Ascott reveals four new properties as ambitious expansion continues

21 October 2014 Hotel News

The Ascott Limited has opened its first serviced residences in Hangzhou, China and Hamburg, Germany. In addition, the company has opened its second premier Ascott-branded serviced residence in Jakarta, Indonesia and secured a management contract for its second Ascott-branded serviced residence in Dubai which is slated to open in 2017.

The Ascott brings Citadines brand to Hamburg

The Ascott brings Citadines brand to Hamburg

17 October 2014 Hotel News

The Ascott has opened a fourth apart‘hotel in Germany, with Citadines Michel Hamburg now receiving guests. This is Ascott’s fourth property in Germany, adding to its portfolio of properties in Berlin, Munich and Frankfurt.

Breaking Travel News interview: Tony Soh, chief corporate officer, The Ascott Limited

Breaking Travel News interview: Tony Soh, chief corporate officer, The Ascott Limited

16 October 2014 Focus

As the serviced apartment sector surges around the world, The Ascott Limited continues to set the benchmark for what is possible in the industry. With flagship property Ascott Raffles Place Singapore having been recognised as Singapore’s Leading Serviced Apartments and the parent company up for the title of World’s Leading Serviced Apartment Brand at the upcoming World Travel Awards Grand Final in Morocco, Breaking Travel News here sits down with chief corporate officer Tony Soh to discuss what sets The Ascott Limited apart from its competitors.

Ascott signs on for second Gurgaon property in New Delhi, India

Ascott signs on for second Gurgaon property in New Delhi, India

28 August 2014 Hotel News

The Ascott has secured a contract to manage its first Somerset-branded serviced residence in Gurgaon. Slated to open by 2019, the 174-unit Somerset Diplomatic Greens Gurgaon is Ascott’s second serviced residence in the city, after Ascott Ireo City Gurgaon which is scheduled to open in 2017.

Ascott adds Saudi accommodation capacity with Jeddah deal

Ascott adds Saudi accommodation capacity with Jeddah deal

11 July 2014 Hotel News

The Ascott has deepened its presence in Saudi Arabia as it secured agreements to manage two more serviced residences in the vibrant port city of Jeddah. The 51-unit Citadines Sari Jeddah is slated to open in 2015 while the 135-unit Somerset Corniche Jeddah, the first Somerset-branded serviced residence in Saudi Arabia, will open in 2016.

China expansion drives Ascott forward

China expansion drives Ascott forward

23 June 2014 Hotel News

The Ascott has crossed its milestone of having 35,000 apartment units globally as it steps up its growth in China by securing contracts to manage four more properties with over 900 apartment units in Taiyuan, Beijing, Shanghai and Dalian. Ascott has secured its first serviced residence in Taiyuan, the 170-unit Ascott Taiyuan which is slated to open in 2018, the 195-unit Ascott Riverside Garden Beijing and 342-unit Somerset Sunland Shanghai which are both slated to open in 2016, and an operating property in Dalian which has been rebranded as a 195-unit Somerset Grand Central Dalian.

Ascott secures first franchise agreements

Ascott secures first franchise agreements

13 June 2014 Press Release Hotel News

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has secured its first franchise agreements in Vientiane, the capital city of Lao People’s Democratic Republic (Laos), and Bali, Indonesia.

Ascott Marunouchi Tokyo set for 2017 opening

Ascott Marunouchi Tokyo set for 2017 opening

30 April 2014 Hotel News

The Ascott has brought its premier Ascott The Residence brand to Tokyo through a master lease agreement with Mitsubishi Estate Company, one of Japan’s largest real estate developers. The 129-unit Ascott Marunouchi Tokyo is slated to open in 2017, ahead of the 2020 Olympics to be held in the city.

Ascott adds Citadines Mercer Hong Kong to portfolio

Ascott adds Citadines Mercer Hong Kong to portfolio

14 April 2014 Hotel News

The Ascott has acquired an operating serviced residence in Hong Kong for HK$545 million. The 55-unit property will be rebranded as Citadines Mercer Hong Kong in the third quarter of 2014. Strategically located in Sheung Wan on Hong Kong Island, Citadines Mercer Hong Kong is next to the Central Business District and is close to the trendy Soho area with many restaurants, art galleries and fashion boutiques.

Ascott continues strong growth in China

Ascott continues strong growth in China

18 August 2013 Press Release Hotel News

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has secured contracts to manage three more properties, adding 567 apartment units in China, including its first serviced residence in Hefei. The 250-unit Somerset Swan Lake Hefei is slated to open in 2017 while the 150-unit Ascott Nanbin Chongqing and 167-unit Somerset Software Park Xiamen are both slated to open in 2015.

Ascott signs deal for Ireo City Gurgaon property

Ascott signs deal for Ireo City Gurgaon property

26 June 2013 Hotel News

Ascott has secured a contract to manage its first Ascott-branded serviced residence in India. Slated to open by 2016, the 160-unit Ascott Ireo City Gurgaon is also Ascott’s first serviced residence in Gurgaon. The management contract was awarded by Ireo Private, the flagship Special Purpose Vehicle of the IREO Funds, India’s first and largest private equity fund dedicated to the Indian real estate sector.