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9. Ascott Signs Property in Surabaya, Indonesia
Ascott has signed a management contract for its first Ascott-branded serviced residence in Surabaya, Indonesia. The premier Ascott Waterplace Surabaya will offer 181 apartments when it opens in 2014. It will be Ascottís third property in Surabaya, after Citadines Marvell Surabaya and Somerset Surabaya Hotel & Serviced Residence.
10. Ascottís Brands and Expansion Plans for Philippines and Thailand - HD Video Interview
Exclusive HD video interview with Arthur Gindap, Regional General Manager of The Ascott - Philippines and Thailand. In this interview, filmed on 16 November 2016 at the Ascott Makati in Manila, we ask Arthur where the group's Crest Collection fits into Ascott's portfolio of brands, which currently includes Ascott, Somerset, Citadines and quite possibly a new budget brand which is y
11. Ascott Signs its First Property in Saudi Arabia
Ascott has signed a management contract for its first serviced residence in Saudi Arabia. The 230-unit Ascott Olaya Riyadh is slated to open near the King Abdullah Financial District in 2015. The addition of Ascott Olaya Riyadh will increase Ascottís portfolio in the Gulf Cooperation Council (GCC) to almost 1,300 serviced apartment units across seven properties in Bahrain, Oman, Qa
12. Ascott Signs Serviced Residence in Gurgaon, India
Ascott has signed a contract to manage the first Ascott-branded serviced residence in India. Slated to open by 2016, the 160-unit Ascott Ireo City Gurgaon is also Ascottís first serviced residence in Gurgaon. The management contract was awarded by Ireo Private Limited, the flagship Special Purpose Vehicle (SPV) of the IREO Funds, one of Indiaís first private equity funds dedicated
13. Ascott Signs First Property in Macau
Ascott Signs First Property in Macau. Ascott has signed a contract with China Overseas Property to manage a serviced residence in Macau SAR. Slated to open in 2014, the Ascott Paragon Macau will be Ascottís first property in Macau.
14. Ascott to Launch Private GDS Code
Ascott to Launch Private GDS Code. With Ascottís new GDS code, travel management companies and travel agents will have immediate access to Ascottís global inventory of over 20,000 operating apartment units in more than 160 properties in Asia Pacific, Europe and the Gulf region. Ascottís new ĎAZí code will be available across four major GDS providers Ė Amadeus, Sabre, Worldspan and
15. Ascott Expands China Portfolio with Three New Properties
Ascott Expands China Portfolio with Three New Properties. The 105-unit Somerset International Building Tianjin is Ascottís latest acquisition through its private equity fund, Ascott China Fund. The 249-unit Citadines Zhuankou Wuhan is Ascottís first property in Wuhan while the 251-unit Citadines Gaoxin Xiían is one of the companyís four properties in Xiían.
16. Ascott Appoints New CEO
Ascott has appointed Mr Lee Chee Koon as its Chief Executive Officer (CEO), effective from 1 June 2013. He will succeed Mr Chong Kee Hiong who has resigned to pursue other opportunities. Mr Chong will step down as Ascott's CEO and as a Non-Independent Non-Executive Director from the Board of Ascott Residence Trust Management Limited (ARTML), the manager of Ascott Residence Trust, w

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