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Citadines Metro Central Dubai showcases commitment to sustainability

Kristin Mariano Jan 3, 2023

The Ascott Limited (Ascott), the leading international lodging owner-operator, continues to spearhead innovative sustainability initiatives at its vibrant lifestyle property in the UAE,…

Ascott Limited showcases sustainable commitment at Citadines Metro Central Dubai

Kanchan Nath Dec 29, 2022

Since 2021, Ascott's Citadines Metro Central Dubai has undertaken an impressive commitment to increase sustainable best practices across services including the elimination of 120,000 plastic…

The Ascott Limited unveils Citadines brand refresh

Kristin Mariano Sep 26, 2022

CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott), unveils the refresh of its fastest growing brand, Citadines, with 80 properties under…

TD Syndicated Partner

Ascott unveils Citadines brand refresh

Harry Johnson Sep 23, 2022 0

The Ascott Limited (Ascott), a wholly owned lodging business unit owned by CapitaLand Investment Limited, has today unveiled the refresh of its fastest growing brand, Citadines, with 80…

Furry friends on Citadines on Bourke Melbourne’s mind

Megha Paul Jan 28, 2020

Having recently welcomed dogs to a selection of apartments at Somerset on Elizabeth Melbourne, The Ascott is now spreading the hound joy to its sister property, Citadines on Bourke…

Serviced Apartments

Ascott to launch Citadines in Vietnam, Sabah

Mark Elliott Apr 13, 2015

Singapore-based serviced apartment giant Ascott has unveiled plans to expand its Citadines brand to two more Asian destinations. The company has secured contracts to manage its first…

Serviced Apartments

Citadines expands in Thailand

Mark Elliott Jan 13, 2015

Ascott will expand its Citadines brand in Thailand this week, with the opening of a new property in the coastal town of Sri Racha, southeast of Bangkok. The Citadines Grand Central…

Ascott brings Citadines brand to Busan

Mark Elliott Nov 20, 2014

Ascott has secured a contract to manage its first property in Busan, the South Korean port city. The 468-unit Citadines Haeundae Busan will open in the second half of 2015, when it…

Serviced Apartments

Ascott to launch Citadines brand in Hangzhou

Mark Elliott Aug 26, 2013

Ascott has signed a contract to manage its first Citadines-branded serviced residence in Hangzhou, eastern China. Scheduled to open in late 2014, the 100-unit Citadines Intime City…

Serviced Apartments

Jeddah to receive the Citadines brand

Mark Elliott Jun 5, 2013

Abdul Samad Al Qurashi Group, one of oldest merchant families in Saudi Arabia, has entered into two management agreements with The Ascott Limited for two Citadines serviced residences in…

Serviced Apartments

Ascott expands Citadines brand in Asia

Mark Elliott Mar 19, 2013 0

Ascott has expanded its network of Citadines serviced residences in Asia, with the opening of the brand's first properties in Indonesia and Malaysia. Located next door to Jakarta's…

Human Resources

Ascott opens third Citadines in Xi’an

Mark Elliott Oct 28, 2011 1

The Ascott Limited has opened its third Citadines serviced residence in Xi'an. The new 138-unit Citadines Xingqing Palace Xi'an strengthens Ascott's position as the largest international…

Serviced Apartments

Ascott signs Citadines Serviced Residence in Bangalore

Mark Elliott Jul 22, 2011

Ascott has secured a 96-unit serviced residence in Bangalore through a lease agreement.It will rebrand the property as the Citadines Richmond Bangalore and operate it from 1 August 2011. The…

Citadines offers new Melbourne City Explorer app

Mark Elliott Feb 1, 2011

Citadines on Bourke Melbourne has launched a new app to allow its guests to learn more about the Victorian state capital. The Citadines Melbourne City Explorer iPhone App offers information…

Serviced Apartments

Ascott brings Citadines brand to Kyoto

Mark Elliott Mar 4, 2010

Singapore, 4 March 2010 - CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), continues to extend its Citadines brand in Japan and will open its second…

Serviced Apartments

Ascott to launch Citadines brand in Malaysia

Mark Elliott Dec 16, 2009

Singapore, 16 December 2009 - CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), today launched its first Citadines serviced residence in Malaysia -…

Serviced Apartments

Ascott signs new Citadines Xi’an

Mark Elliott Dec 13, 2009

Singapore, 11 December 2009 - CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), has clinched a contract to manage Citadines Xi'an Xingqing Palace,…

Serviced Apartments

Ascott to open Citadines Xi’an

Mark Elliott Dec 13, 2009

Singapore, 11 December 2009 - CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), has clinched a contract to manage Citadines Xi'an Xingqing Palace,…

Serviced Apartments

Ascott brings Citadines to Japan

Mark Elliott Feb 25, 2009

Following the successful launch of its Citadines brand in Singapore, CapitaLand's wholly-owned serviced residence unit, Ascott, will open Japan's first Citadines-branded serviced residence…

Serviced Apartments

Ascott brings Citadines to Singapore

Mark Elliott Jan 21, 2009

Citadines Singapore Mount Sophia has opened its doors in Singapore, marking the launch of The Ascott Group's Citadines Apart'hotel brand in the city state. The 154-unit property is located…

Serviced Apartments

Ascott expands Citadines brand in Indonesia

Mark Elliott Dec 23, 2008

CapitaLand's wholly-owned serviced residence unit, The Ascott Group, has secured a contract to manage its first Citadines-branded serviced residence in Indonesia. On opening in the second…

Serviced Apartments

Ascott adds Citadines in Georgia

Mark Elliott Oct 9, 2007

To be named Citadines Tbilisi Freedom Square, the 65-unit property will add Georgia to Ascott's global footprint. Ascott will be the first international serviced residence operator in the…

Singapore’s international visitor arrivals (IVA) reached 6.3 million in 2022

Kanchan Nath Jan 20, 2023

Singapore’s international visitor arrivals (IVA) reached 6.3 million in 2022 (~33 per cent of 2019 IVA), exceeding STB’s forecast of between 4 and 6 million visitors.

Appointment announcement

Ascott appoints industry veteran Serena Lim As Chief Growth Officer

Kristin Mariano Jan 12, 2023

The Ascott Limited (Ascott) has announced the appointment of hospitality industry veteran Serena Lim as its Chief Growth Officer. Serena will lead Ascott’s global business development…

TD Syndicated Partner

Ascott names new Chief Growth Officer

Harry Johnson Jan 11, 2023 0

The Ascott Limited (Ascott), a Singapore company that has grown to be one of the leading international lodging owner-operators, with portfolio spanning over 224 cities across 43 countries in…

What’s new: Vietnam’s latest hotel openings and new experiences

Kristin Mariano Aug 26, 2022

Vietnam remains one of the top destinations in the world, with growth rates ranging from 50-75%. Since reopening its borders to foreign travel, Vietnam has welcomed over 954,000…

Ascott acquires first lyf coliving property in Sydney

Kristin Mariano Jun 7, 2022

CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) is acquiring its first lyf-branded coliving property in Sydney, Australia.

Qatar is investing in London Hotels with Ascott

Juergen Steinmetz Sep 10, 2020

The Ascott Limited (Ascott), has opened Citadines Islington London – the newest addition to its Citadines’ Apart’hotel portfolio in Europe. The prime property in the heart of Islington was…

Oakwood Hotel & Residence Surabaya gets new GM

Megha Paul Jan 21, 2020

Oakwood Hotel & Residence Surabaya in Indonesia has started 2020 with an announcement of its newly appointed general manager, Subendi. The city of heroes is a familiar place for…

Ascott acquires USD 192 million property in Sydney

Megha Paul Oct 3, 2019

CapitaLand’s wholly owned lodging business unit, The Ascott is investing USD 192 million in a freehold serviced residence in the Central Business District of North Sydney through the…

Travel tech this week: Trip.com heads down under and more

Kristin Mariano Apr 12, 2019

This week, we saw new partnerships in travel and Trip.com launching in Australia.

Get connected with Ascott’s tech-driven new brand

Alastair Newport Mar 28, 2019

The Ascott Limited has announced the launch of a collection of business hotels, specialising in short-stay bookings and providing guests with a “chic living experience in vibrant city…

Serviced Apartments

Ascott makes European debut with first franchise in Amsterdam

Christian Tolentino Feb 8, 2019

Singapore-based lodging company The Ascott Limited has officially expanded into the European region with its first franchise agreement.

The long and the short of it: Ascott’s Brian Tan on the shifting serviced apartment market

Alastair Newport Feb 6, 2019

A couple of weeks ago TD reported the news that serviced apartment specialists Ascott Limited, had experienced unprecedented growth. I spoke to country general manager for Thailand, Brian…

Serviced Apartments

Ascott achieves “unprecedented growth” with 100,000 units globally

Christian Tolentino Jan 22, 2019

Serviced residence operator The Ascott Limited (Ascott) has secured contracts for another 26 properties, boosting its portfolio to 100,000 units globally.

Ascott offers Hajj specials across its brands in the Middle East

Kristin Mariano Aug 14, 2018

The Ascott Limited has announced special offers for guests, in celebration of the upcoming holy pilgrimage of Hajj.

Serviced Apartments

Ascott targets a total of 7,000 units in Vietnam by 2020

Christian Tolentino Aug 2, 2018

The Ascott Limited has opened Vietnam’s largest serviced residence, Citadines Blue Cove Danang, and its fifth property in Ho Chi Minh City, Citadines Regency Saigon.

Ascott boosts pipeline through alliance in the Philippines

Christian Tolentino Jul 30, 2018

The Ascott Limited has signed an agreement to boost its portfolio in the Philippines by partnering with Cebu Landmasters Inc. to manage 1,600 units by 2022.

Ascott celebrates 20th year in China with new properties

Christian Tolentino Jun 28, 2018

CapitaLand’s The Ascott Limited (Ascott) has opened its first property in Nantong and fourth property in Suzhou, increasing its operating portfolio to more than 33 cities across China.

Ascott makes ‘most significant and game-changing move to date’

Christian Tolentino May 10, 2018

Ascott Limited (Ascott) of CapitaLand is accelerating the expansion of its Citadines brand in China through a RMB100 million joint venture with Huazhu Hotels Group and CJIA Apartments Group.

Ascott accelerates portfolio pipeline with new partners in Asia

Christian Tolentino Apr 10, 2018

CapitaLand’s serviced residence business unit, The Ascott Limited (Ascott), is accelerating its expansion in Asia by partnering with developers in China, Japan and Thailand.

Serviced Apartments

Ascott expands in US with another major acquisition

Mark Elliott Jul 24, 2017

Ascott, the serviced apartment giant operated by Singapore-based CapitaLand, has confirmed its second major acquisition in the space of a month. The company has agreed to purchase an…

Where to Stay: new hotels from Hyatt, Dusit, Holiday Inn Express, and more

Mark Elliott Jul 19, 2017

Citadines Bayfront Nha Trang Location: In a seafront development on Tran Phu Street, in Vietnam's popular resort town Grade: Upscale serviced residence Keys: 310 studios and…

Where to Stay: new hotels in Hua Hin, Manila, Mauritius and more

Mark Elliott Jul 13, 2017

Citadines Millennium Ortigas Manila Location: In Ortigas Center, one of Metro Manila's main financial districts Grade: Upscale serviced residence Keys: 293, ranging from studios to…

雅诗阁在中国迎来100座公寓

Mark Elliott Jun 29, 2017

据新加坡联合早报报道，凯德集团（CapitaLand）旗下的服务公寓业者雅诗阁（Ascott）取得七项新合约，将在中国六个城市管理超过1300个服务公寓单位，这使得它在中国的服务公寓已冲破100个。雅诗阁今早表示，这是它首次进入昆明和宜昌，而在重庆、大连、深圳和徐州的业务则进一步加强。…

Serviced Apartments

Ascott passes 100 property milestone in China

Mark Elliott Jun 27, 2017

Ascott has secured seven new contracts in China, taking its total portfolio in the country to more than 100 properties. The Singapore-based serviced apartment operator has penned deals…

The latest appointments from AccorHotels, ANA, Dusit and more

Mark Elliott Feb 22, 2017

PAUL STEVENS has become CEO of Accor Plus, AccorHotels’ reward programme. He joined AccorHotels in 1997, holding several GM positions before leaving in 2004. He then returned as a GM and…

Serviced Apartments

Ascott kicks off 2017 with multi-property deal in China

Mark Elliott Jan 19, 2017

Ascott, the Singapore-based serviced apartment operator, has started the year strongly by securing contracts for another six properties in China. The company has expanded its…

Serviced Apartments

Asian expansion helps Ascott speed past inventory milestone

Mark Elliott Nov 17, 2016

Ascott has accelerated its growth this year, securing more than 10,000 apartment units in 51 properties and taking its total global inventory to more than 52,000 serviced apartment units.…

Serviced Apartments

Ascott brings new luxury brand to Asia

Mark Elliott Nov 14, 2016

Ascott, the Singapore-based serviced apartment operator, has launched a new luxury "soft brand" in Asia. The Metropole Bangkok has becomes the region’s first serviced residence under The…

Serviced Apartments

Ascott adds eight in China

Mark Elliott Nov 11, 2016

Ascott, the Singapore-based serviced apartment operator, has secured eight new properties in mainland China. The new signings will lead to the growth of its Ascott, Citadines and…

Serviced Apartments

Ascott seals triple deal in India

Mark Elliott Oct 7, 2016

Ascott has secured a major new contract to manage three new serviced residences in India. The Singapore-based hospitality company is already the largest international serviced apartment…

Serviced Apartments

Ascott reveals results of Manila makeover

Mark Elliott Sep 27, 2016

Ascott has unveiled a series of upgrades at its upscale serviced residence in Manila. One of the two towers that form the 362-unit Ascott Makati has been completely renovated, with…

Avis signs multi-year deal with Ascott

Gemma Greenwood Aug 19, 2016

Avis Car Rental has announced the signing of a multi-year partnership agreement with the world’s largest international serviced residence owner-operator, The Ascott Limited (Ascott).…

Avis teams up with Ascott for joint bookings

Mark Elliott Aug 11, 2016

Avis and Ascott have signed a multi-year partnership that will enable the serviced apartment operator's guests to add car rental to their booking. Under the new agreement, visitors to any…

雅诗阁在香港推出两家新公寓

Mark Elliott Aug 3, 2016

近日，雅诗阁在香港新推出了两家馨乐庭品牌物业（Citadines）。一座是新开业的香港馨乐庭海景服务公寓，另一座是由此前尚圜服务公寓重新命名而来的香港馨乐庭尚圜服务公寓。至此，雅诗阁在香港已有三家馨乐庭品牌物业，进一步巩固并强化了馨乐庭品牌在当地的形象及影响力。…

Serviced Apartments

Ascott expands in Hong Kong with double launch

Mark Elliott Aug 2, 2016

Ascott, the Singapore-based serviced apartment operator, has expanded its portfolio in Hong Kong with the launch of two Citadines properties. The new 52-unit Citadines Harbourview…

Serviced Apartments

Ascott enters collection space with new soft brand

Mark Elliott Apr 13, 2016

In line with the growing hotel industry trend towards so-called "soft brands", serviced apartment operator Ascott has now launched The Crest Collection. Soft brands, which are commonly…

ASAP targets regional growth of serviced apartments sector

Aaron Greenwood Apr 11, 2016

ASAP, the not-for-profit association for the serviced apartment sector, is launching a series of meetings in Birmingham, Edinburgh and Dublin over the next two weeks, to mark the growth of…

Serviced Apartments

Ascott unveils new Chinese brand, Tujia Somerset

Mark Elliott Mar 18, 2016

Ascott, the Singapore-based serviced apartment company, has unveiled a new brand for the Chinese market. Tujia Somerset has been formed as part of a joint venture company with…

雅诗阁新加坡新签第8座公寓

Mark Elliott Mar 8, 2016

近日，雅诗阁继续扩张着在新加坡的业务范围，在新加坡纬壹科技城研究发展中心新签订了一份酒店的协议。这座服务式公寓之前以Fraser Place酒店运营着，从4月1日开始将更名为新加坡启汇城馨乐庭服务公寓。这将成为雅诗阁在新加坡的第八座资产。…

Serviced Apartments

Ascott adds eighth Singapore property

Mark Elliott Mar 7, 2016

Ascott has expanded its portfolio in Singapore with the signing of a new property in the One-North business park, the city’s research & development hub. The 50-unit serviced…

雅诗阁与中建东孚结成战略联盟

Mark Elliott Feb 23, 2016

据悉，新加坡雅诗阁集团（Ascott Limited）争取到中建东孚投资正在建造和未来发展公寓项目的管理优先权。中建东孚是中国最大国营建筑和基建公司——中国建筑股份有限公司的子公司。雅诗阁集团是第一个和中建东孚成立策略联盟的国际服务公寓企业。策略联盟开展的第一个合作项目是西安在2018年投入服务的公寓项目西安馨乐庭高新服务公寓(Citadines Gaoxin…

Serviced Apartments

Ascott drives China expansion with country’s largest construction company

Mark Elliott Feb 22, 2016

Ascott, the Singapore-based serviced apartment company, has taken a major step forward in its Chinese expansion strategy by forging a strategic alliance with Dongfu Investment Development…

雅诗阁东南亚新增多座酒店

Mark Elliott Feb 4, 2016

总部位于新加坡的服务式公寓运营商雅诗阁（Ascott）有限公司在开年获得七个新的管理合约，为其服务公寓组合添加了15000个单位。雅诗阁公司在泰国的曼谷、越南的河内和马来西亚的八打灵再也都扩大业务，同时也进军印度尼西亚的万隆、马来西亚的槟城和莎亚南和越南的芽庄。公司也在依斯干达特区开设第二个服务公寓——盛捷美迪尼努沙再也（Somerset Medini…

Ascott adds multiple new properties across Southeast Asia

Mark Elliott Feb 4, 2016

Ascott, the Singapore-based serviced apartment operator, has continued to expand its presence in Southeast Asia with the signing of agreements for seven new properties in four countries.…

The Apartment Service sets up in Singapore

Mark Elliott Feb 3, 2016

The Apartment Service, the UK-based company which manages global bookings for the serviced apartment sector, has opened its first Asia Pacific office, located in Singapore. The…

Serviced Apartments

Ascott acquires properties in Tokyo and Paris

Mark Elliott Nov 9, 2015

Singapore-based serviced apartment company Ascott has acquired new properties in Tokyo and Paris, as part of its partnership with the Qatar Investment Authority (QIA). The group has…

Ascott Sari Jeddah welcomes its first guests

Mark Elliott Nov 3, 2015

Ascott Sari Jeddah, which is managed by Ascott Limited (Ascott) recently opened a new property in the Kingdom of Saudi Arabia. Vincent Miccolis, Ascott’s area general manager for GCC…

雅诗阁在华再增四家物业

Mark Elliott Nov 3, 2015

雅诗阁（Ascott），总部位于新加坡的服务式公寓运营商，近期又成功在华新增北京、上海和大连的四家管理物业，共计580余套服务公寓单元。此次新签的四家公寓两座位于上海，一座位于北京，一座位于大连。四家公寓分别是上海馨乐庭大华锦绣服务公寓，上海馨乐庭香溢服务公寓，北京雅诗阁服务公寓和大连馨乐庭古耕服务公寓。…

Serviced Apartments

Ascott expands in key Chinese cities

Mark Elliott Nov 2, 2015

Ascott, the Singapore-based serviced apartment operator, has strengthened its Chinese portfolio with the addition of new properties in the key cities of Beijing and Shanghai. The…

雅诗阁签订芭提雅四重协议

Mark Elliott Oct 9, 2015

雅诗阁（Ascott）签订了芭提雅首四家酒店的管理协议。总部位于新加坡的服务式公寓集团雅诗阁将推出北芭提雅Citadines公寓，中芭提雅Citadines公寓，芭提雅Jomtien海滩公寓以及Somerset wong Amat海滩公寓，总共将新增695个住宿单元。这四家新酒店将于2018年开业。…

Ascott enters Pattaya with quadruple deal

Mark Elliott Oct 8, 2015

Ascott has signed new management deals for its first four properties in Pattaya. The Singapore-based serviced apartment company will launch the Citadines North Pattaya, Citadines…

Saudi Arabia gets its first Ascott Serviced Residences

Mark Elliott Sep 28, 2015

CapitaLand and The Ascott Limited (Ascott) recently opened its first serviced residence in Saudi Arabia. Vincent Miccolis, Ascott’s area general manager for the GCC region, said: “The…

Executive appointments, 7-11 September

Aaron Greenwood Sep 10, 2015

Peter Kearns is to take on a newly created role as Executive Director of tour operations with the Egyptian-owned Red Sea Group. Kearns previously worked with the Group to launch UK tour…

雅诗阁亚洲新建四座酒店

Mark Elliott Sep 3, 2015

雅诗阁（Ascott），总部位于新加坡的服务式公寓运营商，新签订了亚太地区的四家新酒店，将为这一地区带来额外的850间新公寓单元。四家酒店将分别位于印尼的日惹，马来西亚美里，越南平阳省和韩国首尔。 “今年雅诗阁的发展速度非常之快，我们总共在5个新城市新开了酒店，全球网络里新增了约4700个单元，几乎比去年同期翻了一倍，”Lee Chee…

Serviced Apartments

Ascott signs four new Asian properties

Mark Elliott Sep 2, 2015

Ascott, the Singapore-based serviced residence operator, has signed four new properties in the Asia Pacific, adding more than 850 units to its regional inventory. The new management…

Ascott properties in KSA open for business

Mark Elliott Jul 20, 2015

The Ascott recently announced that Ascott Sari, Ascott Tahlia and Citadines Al Salamah all opened for booking. Vincent Miccolis, area general manager Ascott Limited, GCC, said: “Our…

Serviced Apartments

Ascott targets 10,000 serviced apartments in Europe

Mark Elliott May 18, 2015

Ascott, the Singapore-based serviced apartment operator, has unveiled plans to build its European portfolio to 10,000 units by 2020. The announcement was made during the visit of…

Ascott’s service apartments on the rise

Mark Elliott Mar 10, 2015

Increasing demand for international branded serviced apartments has resulted in the growth of this sector in the GCC. “The region’s demand for serviced apartments is in line with…

Serviced Apartments

Ascott extends footprint in Malaysia

Mark Elliott Mar 10, 2015

Ascott has signed a new deal that will boost its presence in Malaysia. The serviced apartment operator has secured a contract to manage the 214-unit Citadines Medini Nusajaya, which…

Serviced Apartments

Ascott adds three more properties in Southeast Asia

Mark Elliott Jan 15, 2015

Singapore-based serviced residence operator Ascott has continued its expansion in Southeast Asia with the launch of new properties in Malaysia, Thailand and Vietnam. In addition to…

Ascott acquires Jakarta property

Mark Elliott Dec 5, 2014

The Ascott Limited (Ascott) has acquired the recently-opened 185-unit Ascott Kuningan Jakarta for S$90 million under a conditional agreement with PT Ciputra Adigraha. The CapitaLand…

Serviced Apartments

Ascott races to 12,000 apartments in China

Mark Elliott Nov 10, 2014

Ascott, the Singapore-based serviced residence company, has reached the milestone of 12,000 apartment units in China. The company, which is a subsidiary of real estate giant CapitaLand,…

Dubai gets its second Ascott Serviced Residence

Mark Elliott Oct 20, 2014

The Ascott Limited recently signed an agreement to manage a second 117-unit serviced residence in Dubai. The new property - Ascott Culture Village Dubai - is scheduled to open is 2017…

Ascott tightens grip on Asia’s serviced apartments market

Mark Elliott Oct 15, 2014

Ascott has opened new serviced residences in China and Indonesia, reinforcing its position as a major international owner-operator of serviced residences in Asia. The 104-unit…

Serviced Apartments

Ascott arrives at KL transport hub

Mark Elliott Oct 9, 2014

Ascott has launched another service residence in Kuala Lumpur. Located in the KL Sentral area, which is home to the city's main railway station and airport rail links, Ascott Sentral…

Ascott strengthens presence in Saudi Arabia

Mark Elliott Jul 9, 2014

The Ascott Limited (Ascott) is strengthening its presence in the Saudi Arabia with secured agreements to manage two more serviced residences. These residences are for the Abdul Samad Al…

Serviced Apartments

Ascott enters Laos and Bali new first franchise deals

Mark Elliott Jun 12, 2014

Serviced apartment operator Ascott has secured its ever franchise agreements to launch new properties in Laos and Bali. The deals will see the Singapore-based company take over the…

Serviced Apartments

Ascott forms partnership for Chinese expansion

Mark Elliott Jun 6, 2014

Ascott has entered into a strategic alliance aimed at driving its growth in China. The new deal with Beijing Vanke Co Ltd will see the Chinese real estate company develop new serviced…

Airlines and Aviation

Ascott brings premium brand to Tokyo

Mark Elliott Apr 15, 2014

Ascott has signed a new deal that will see the launch of its premium serviced apartment brand in Tokyo. The Singapore-based company currently operates Citadines- and Somerset-branded…

Serviced Apartments

Ascott acquires Hong Kong property

Mark Elliott Apr 2, 2014

Ascott has acquired a new serviced residence in Hong Kong. The 55-room property, which is located in the Sheung Wan district of Hong Kong Island, has been purchased for HK$545 million…

Saudi Arabia poised for steady tourism growth: AHIC experts

Mark Elliott Mar 4, 2014

The Kingdom of Saudi Arabia will see a steady growth in its travel and tourism industry with almost SAR 33.5 billion to be invested in the sector until 2020. These key statistics were…

Serviced Apartments

Ascott expands in Thailand

Mark Elliott Oct 10, 2013

Ascott has expanded its footprint in Thailand with the signing of a new serviced residence in Sri Racha - an industrial town on the country's eastern seaboard. Scheduled to open in…

Serviced Apartments

Ascott to debut in India

Mark Elliott Jun 26, 2013

Ascott has secured a contract to manage its first Ascott-branded serviced residence in India. The Singapore-based serviced residence operator, which is part of the Capitaland group,…

Serviced Apartments

Ascott enhances booking options

Mark Elliott Jun 17, 2013

Ascott has launched new series of online and mobile booking features. Visitors to the serviced apartment operator's standard or mobile websites will now be able to use a new citywide…

Serviced Apartments

Ascott expands in the Philippines

Mark Elliott Jun 10, 2013

Ascott has increased its presence in the Philippines with the signing of a new serviced residence in Manila. The 150-unit Somerset Alabang Manila is slated to open in 2017, adding to…

Serviced Apartments

Ascott enters Nanjing

Mark Elliott Apr 8, 2013 0

Ascott has signed a management contract for its first serviced residence in Nanjing. Scheduled to open in the second half of 2014, the Citadines Baijia Lake Nanjing will have…

Serviced Apartments

Ascott expands in Malaysia

Mark Elliott Feb 19, 2013 0

Ascott has signed a contract to manage a new serviced residence in Iskandar Malaysia - the development zone in the southern state of Johor, near Singapore. The 310-unit Somerset…

Serviced Apartments

Ascott forms new Chinese alliance

Mark Elliott Jan 17, 2013 0

Serviced residence operator Ascott has strengthened its position in China, with the signing of a new alliance with Yuexiu Property. The Hong Kong-listed property developer will now…

Serviced Apartments

Ascott strengthens foothold in Surabaya

Mark Elliott Dec 10, 2012 0

The Ascott Limited (Ascott), has clinched a management contract for its first Ascott-branded serviced residence in Surabaya. The premier Ascott Waterplace Surabaya will offer 181…

Serviced Apartments

Ascott boosts Philippines portfolio

Mark Elliott Aug 7, 2012 0

Ascott has secured a management contract for a new serviced residence in Manila’s Ortigas Center. Scheduled to open in 2015, the 210-unit Citadines Millennium Ortigas Manila boosts…

The Cavendish switches owners

Mark Elliott Aug 5, 2012 0

The Cavendish London could change its name under a new ownership by a Singaporean hotel chain. The Jermyn Street located hotel could be renamed as Ascott St James London after it is given…

Serviced Apartments

Ascott adds new online options

Mark Elliott May 21, 2012 0

Serviced residence provider Ascott has launched mobile versions of its three branded websites and a new online chat facility. Travellers who access the ascott.com, citadines.com and…

Serviced Apartments

Ascott to launch in southern Malaysia

Mark Elliott Oct 25, 2011 0

Serviced residence operator, Ascott has won a contract to manage its first serviced residence in Iskandar, the southern gateway of Malaysia. The new 204-unit Somerset Puteri Harbour Iskandar…

Serviced Apartments

India is focus for Ascott

Mark Elliott Aug 10, 2011

Ascott, which calls itself the world's largest serviced residence owner-operator, is expanding its footprint in India in cities like Mumbai, Delhi and Pune, adding to its US$250 million…

Serviced Apartments

Ascott expands in Malaysia and Indonesia

Mark Elliott May 24, 2011

The Ascott Limited (Ascott) has expanded in Malaysia and Indonesia with the signing of management contracts for two new serviced residences in Petaling Jaya and Jakarta. The 200-unit…

Serviced Apartments

Ascott to open second Bengaluru property

Mark Elliott Jan 27, 2011

CapitaLand's wholly-owned serviced residence unit, The Ascott Limited, has entered into a joint venture with India's RMZ Corp to develop a 203-unit serviced residence in Bengaluru. Ascott…

Serviced Apartments

Ascott boosts presence in Indonesia

Mark Elliott Apr 21, 2010

Singapore, 21 April 2010 - CapitaLand?s wholly-owned serviced residence business unit, The Ascott Limited (Ascott) has secured a contract to manage its second Citadines-branded serviced…

Serviced Apartments

Ascott opens eighth property in Bangkok

Mark Elliott Jan 26, 2010

Singapore, 26 January 2010 - CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has opened its eighth property in Bangkok, Thailand. The 262-unit…

Serviced Apartments

New serviced apartments in Georgian capital

Mark Elliott Dec 17, 2009

CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), marks its entry into the Eastern European market with the opening of Citadines Tbilisi Freedom…

Serviced Apartments

Ascott opens fifth Beijing property

Mark Elliott Dec 2, 2009

Singapore, 2 December 2009 - CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), is celebrating the opening of its fifth serviced residence in Beijing,…

Serviced Apartments

Ascott secures deal for KL serviced residence

Mark Elliott Nov 10, 2009

Singapore, 10 November 2009 - CapitaLand's wholly-owned serviced residence business unit, The Ascott Group Limited (Ascott), has clinched a contract to manage a new premium serviced…

Serviced Apartments

Agoda to distribute Ascott

Mark Elliott May 27, 2009

Agoda.com has announced plans to distribute properties managed by The Ascott Group. The online travel company will distribute 54 properties managed by The Ascott Group throughout the…

Serviced Apartments

Ascott adds to Paris collection

Mark Elliott Oct 14, 2008

The Ascott Group has purchased a historic building in Paris for EUR21.5 million (US$28.8 million). The 1900's art-nouveau Citadines Paris Louvre has been held by Ascott on a profitable lease…

Serviced Apartments

Ascott bullish about prospects

Mark Elliott Jul 31, 2008

Serviced residence player Ascott is still bullish about prospects as it gets ready to open Ascott Singapore Raffles Place, in October, and Citadines Singapore Mount Sophia next year. "Our…

Ascott opens Somerset in Melbourne

Mark Elliott Mar 14, 2008

The Ascott Group (Ascott) has officially opened Somerset Gordon Heights in Melbourne's Central Business District. It said residents at Somerset Gordon Heights stand to enjoy "two…

Serviced Apartments

Ascott acquires 5th serviced residence in India

Mark Elliott Dec 11, 2007

The Ascott Group has acquired its fifth serviced residence in India. The 218-unit property, to be named Citadines Hyderabad Hitec City, is Ascott's first serviced residence in Hyderabad. It…

Serviced Apartments

Ascott goes to Kazhakstan

Mark Elliott Aug 2, 2007

The two servicedresidences will be named Ascott Astana and Citadines Aktau. Ascott was awardedthe contracts by Tsesna Corporation, a well-established conglomerate in Kazakhstan withdiverse…