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Displaying documents 1-8 of 94, with best matches first:
- 1. Ascott Expands Brand Portfolio with Tujia Somerset
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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. Ascott’s joint venture company with Tujia.com International (Tujia), one of China’s largest online apartment sharing platforms equivalent to Airbnb, has sealed contracts to manage six serviced residences to be operated
- 2. Ascott Signs Eight New Serviced Residences in China
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Ascott has signed contracts to manage eight new serviced residences in China’s high growth cities of Beijing, Chongqing, Haikou, Hangzhou, Shanghai and Xiamen through the Ascott, Citadines and Tujia Somerset brands. The properties with more than 1,200 apartment units will boost Ascott’s position in China, as it adds a record number of more than 2,800 apartment units across 16 new p
- 3. Ascott Signs Six New Serviced Apartments in China
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Ascott has signed contracts to manage six properties with more than 1,200 apartment units in China. The new properties entrench Ascott’s presence in Changsha, Shenzhen, Tianjin and Wuhan, while extending its footprint to two more cities – Handan and Xuzhou.
- 4. Ascott Signs Four New Serviced Residences in China
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Ascott has signed four new management contracts with 583 serviced residence units in China. Two of the properties are located in Shanghai and one each in Beijing and Dalian. Ascott Beijing (opening 2016), Citadines Jinxiu Shanghai (opening 2019) and Citadines Putuo Shanghai (opening 2019) will boost Ascott’s portfolio to 11 properties in Beijing and 7 properties in Shanghai. Ascott
- 5. Ascott Partners Leading Developers in China, Japan and Thailand
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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.
- 6. Ascott Becomes Singapore’s Largest Serviced Residence Operator
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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
- 7. Mövenpick Opens Hotel in Enshi, China
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Mövenpick Hotels & Resorts has expanded its portfolio of hotels in China with the opening of a new hotel in the city of Enshi, in central China’s Hubei province. The new 14-storey Mövenpick Hotel Enshi is located close to the convention centre in the city’s thriving business district, just a short drive from the train station, with fast connections to the cities of Wuhan and Chongq
- 8. Ascott Exceeds Target of 20,000 Units in China for 2017
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Ascott exceeded its target of 20,000 units for China in 2017, ahead of its planned schedule of 2020, as it sealed contracts to manage nine properties with over 2,000 units in China. With these new properties, Ascott made inroads into new cities such as Harbin and Zhuhai, and widened its presence in Chongqing, Foshan, Shanghai and Wuxi. It also marked a record year of growth in Chin
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