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Ascott Signs New Citadines in China

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Ascott has signed a contract to manage the Citadines Xiían Xingqing Palace, its third serviced residence in Xiían, China. Ascott's two other serviced residences in Xiían are Citadines Xiían Central, which is currently operational and the Citadines Xiían Gaoxin which is due to open in 2010.

Citadines Xiían Xingqing Palace sits in the heart of Xiían in the Beilin district near Xingqing Palace Park, a popular tourist attraction built on the ruins of the palace dating back to the Tang dynasty. Located just 100 metres away from renowned Xiían Jiaotong University, Citadines Xiían Xingqing Palace is poised to attract visiting academics, exchange students and participants who take part in the 200 academic meetings and forums the university organises annually.

Mr Lee Chee Koon, Ascottís Managing Director for North Asia, said, ďAs one of the oldest cities in Chinese history, Xiían has long been a centre of influence in Chinaís central-west region. Chinaís strong commitment towards developing the western regions has attracted more and more foreign companies and research centres to establish themselves in Xiían. The increasing international presence has brought about more business travellers and along with Xiíanís strong tourism base, demand for quality accommodation in the city is growing. As the largest international serviced residence operator in China, Ascott is happy to extend our world class and award-winning hospitality services to more travellers and guests in Xiían.Ē

Citadines Xiían Xingqing Palace will offer 160 studio apartments, each with a fully-equipped kitchen, an en-suite bathroom and a separate work area. Residents can also enjoy amenities like a swimming pool and a gymnasium. The property is slated to open in 2011.

With Citadines Xiían Xingqing Palace, Ascottís portfolio in China increases to 5,000 units across 26 properties in 12 cities. These are spread across Beijing, Chongqing, Dalian, Guangzhou, Shanghai, Shenyang, Shenzhen, Suzhou, Tianjin, Wuhan, Xiían and Hong Kong.

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