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81. Ascott Opens La Clef Champs-Élysées in Paris, France
Ascott has opened the third property under The Crest Collection – a selection of Ascott’s most prestigious and unique luxury serviced residences. Located in the heart of Paris’ 8th arrondissement, the new La Clef Champs-Élysées Paris residence is housed in a building steeped in history.
82. Ascott’s Global Portfolio Now at Over 52,000 Units
Ascott has achieved record breaking growth this year, securing more than 10,000 apartment units in 51 properties and bringing the company’s portfolio to more than 52,000 units globally. Ascott’s latest additions are 10 new management contracts in Hanoi and Halong City in Vietnam; Phnom Penh, Cambodia; Bangkok, Thailand; Metro Manila and Cebu in Philippines.
83. Ascott Signs Citadines in Frankfurt
Ascott Signs Citadines in Frankfurt. Ascott will invest €28 million (approximately Sin$50 million) to acquire a turnkey serviced residence property which is slated to open in 2014. This follows the company’s expansion into Germany’s second largest city, Hamburg, in January when it signed a sale and purchase agreement for Citadines St Michaelis Hamburg.
84. Ascott Signs Second Property in Doha
Ascott has secured a contract to manage a 229-unit premier serviced residence in Doha, its second property in the capital city of Qatar. The new serviced residence – Ascott Doha – is scheduled to open in the second half of 2011.
85. Ascott Signs Citadines Property in Surabaya
Ascott has secured a new management contract for its first Citadines Apart’hotel in Surabaya, Indonesia. The 288-unit Citadines Marvell Surabaya is scheduled to open in 2014 and reinforces Ascott’s position as one of the largest international serviced residence owner-operators in Indonesia, with over 2,100 apartment units across 10 properties.
86. Ascott Signs Serviced Residence in Sri Racha, Thailand
Ascott has extended its footprint to Thailand’s Eastern Seaboard economic region, winning a contract to manage a 133-unit serviced residence in Sri Racha district, Chonburi province. Scheduled to open in 2014, the new Citadines Grand Central Sri Racha will enhance Ascott’s position as one of the largest international serviced residence owner-operators in Thailand with over 1,800 ap
87. Ascott Signs Two More Somersets in China
Ascott Signs Two More Somersets in China. This follows Ascott’s recent expansion into Chengdu with the opening of Somerset Riverview, Chengdu in April. The latest additions - Somerset Gaoxin, Xi’an and Somerset Grandview, Shenzhen - are scheduled to open in 2012 and 2013 respectively.
88. Ascott Signs Three New Properties in China
Ascott has secured contracts to manage three more properties 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 scheduled to open in 2015.

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