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89. Ascott Expands Manila Portfolio with New Citadines
Ascott has signed a management contract for a new serviced residence in Ortigas Center, a key business and financial district in Metro Manila, Philippines. Scheduled to open in 2015, the 210-unit Citadines Millennium Ortigas Manila strengthens Ascottís position in the Philippines with over 1,300 apartment units across seven properties.
90. Ascott Expands Brand Portfolio with Tujia Somerset
Ascott has expanded its brand portfolio with Tujia Somerset, a new brand of serviced residences catered for the booming segment of middle class travellers in China. Ascottís joint venture company with Tujia.com International (Tujia), one of Chinaís largest online apartment sharing platforms equivalent to Airbnb, has sealed contracts to manage six serviced residences to be operated
91. Ascott Opens Citadines Royal Bay Makassar in Indonesia
Ascott has opened its first property in Makassar, Indonesia. The 186-unit Citadines Royal Bay Makassar, Ascottís eighth operational property in Indonesia, is a 30-minute drive from the Sultan Hasanuddin International Airport.
92. Ascott Signs Citadines in Kuta, Bali
Ascott Signs Citadines in Kuta, Bali. Ascott has expanded its presence into Bali, Indonesia, by clinching a contract to manage a 174-unit serviced residence in Kuta. To be named Citadines Bali Kuta, the serviced residence is scheduled to open in 2012.
93. Ascott Appoints Country General Manager for Thailand
Ascott has appointed Mr Jean Keijdener as its Country General Manager for Thailand. In his new role, Mr Keijdener will oversee the operations of Ascottís nine properties in Thailand, and drive the growth of the companyís serviced residence business in the country.
94. Ascott Signs Two New Properties in Jeddah
Ascott has expanded the global portfolio of its Citadines brand with two new properties in Saudi Arabia. The 166-unit Citadines Tahlia Jeddah and the 136-unit Citadines Al Salamah Jeddah are expected to open in Q1 2014. The addition of the two new serviced residences will increase Ascottís portfolio in the region to more than 1,500 serviced apartment units across nine properties in
95. Ascott to Buy Hai Phong Property
Ascott was awarded the management contract for the 132-unit Somerset Central TD Hai Phong City in 2009 by Thuy Duong Investment Joint Stock Company, an established real estate company with developments across Vietnam's major cities. The acquisition of Somerset Central TD Hai Phong City will allow Ascott to take control of the development and enhance the value of the serviced reside
96. Ascott Signs Citadines in Chengdu, China
Ascott has secured a contract to manage its first Citadines-branded serviced residence in Chengdu, China. The 177-unit Citadines South Chengdu, which is slated to open in 2014, strengthens Ascottís position as one of the largest international serviced residence owner-operators in China with about 8,000 apartment units in 43 properties across 17 cities.

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