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105. Ascott Opens First Citadines Residences in Jakarta and Kuching
Ascott has expanded its international network of Citadines-branded serviced residences with the opening of the first Citadines properties in Indonesia and Malaysia. With the 153-unit Citadines Rasuna in Jakarta and 215-unit Citadines Uplands in Kuching, Ascott has a total of 59 Citadines properties in operation across 31 cities in Asia Pacific and Europe.
106. Jason Chen Returns to Ascott as GM of Somerset Ekamai Bangkok
Ascott has appointed Mr. Jason Chen as General Manager of Somerset Ekamai Bangkok. With over 20 years of hospitality industry experience, Mr. Chen first worked with Ascott in Singapore in 2004 before assignments in Beijing, Bangkok and Hanoi as the Residence Manager of the Somerset West Lake property. In the year 2008, he returned to Bangkok as the Residence Manager of the flagship
107. Ascott Signs Somerset in Iskandar, Malaysia
Ascott has been awarded a contract to manage its second serviced residence in Iskandar Malaysia. The 310-unit Somerset Medini Iskandar will be Singapore-based Ascott’s largest property in Malaysia when it opens in end 2015. Somerset Medini Iskandar is part of the ‘Urban Wellness’ integrated development by Pulau Indah Ventures, a joint venture between Khazanah Nasional Berhad and Te
108. Ascott Partners Leading Developers in China, Japan and Thailand
Ascott is accelerating its expansion in Asia by forging strategic partnerships with leading developers in China, Japan and Thailand to manage apartments currently under development as well as future projects.
109. Go Green @ Ascott - A New Global Sustainability Drive
In 2011, Ascott consumed 9% less water and energy than in 2008. The 225,000 cubic metres of water saved can fill over 90 Olympic-sized swimming pools, while the 18,000 megawatt hours of energy saved can power some 3,500 average Singapore households for a year.
110. Ascott Buys Hotel Central Fifth Avenue New York
Ascott has acquired a prime property on New York’s Fifth Avenue and unveiled plans to invest a total of close to US$50 million (S$68 million) in the property. The operating 125-unit Hotel Central Fifth Avenue New York will undergo renovation in phases to prepare for its rebranding to Citadines Fifth Avenue New York in 2018.
111. Ascott Becomes Singapore’s Largest Serviced Residence Operator
Ascott is investing S$170.3 million, through its serviced residence global fund with Qatar Investment Authority (QIA), in the serviced residence component of the Funan integrated development in Singapore. Of the S$170.3 million, the fund is acquiring the land for the serviced residence component from CapitaLand Mall Trust (CMT) for S$90.5 million and developing the Singapore flagsh
112. Ascott Conferred Business Superbrands Status in Singapore
Ascott, a leading serviced residence company, has been conferred the coveted Business Superbrands status in Singapore. The accolade is presented to brands that have met the stringent standards set by the Superbrands organisation in the areas of achievement, innovation, market share, reputation and corporate social responsibility. Brands are evaluated by Superbrands’ independent pan

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