Ascott has appointed Mr Richard Tan as Country
General Manager for Vietnam where he will be responsible for
managing the company's operations and growing its serviced
residence business in the country.
Mr Tan has undertaken several roles across
Ascott's operations in different countries since joining the
company in 2004. Prior to his appointment, he was Area Manager for
Singapore in charge of the operations of two properties – Somerset
Grand Cairnhill, Singapore and Citadines Singapore Mount Sophia.
He also led Ascott's business development efforts in India as
Regional Manager for the region. Between 2004 and 2008, Mr Tan
held various portfolios such as Residence Manager of Somerset
Grand Shanghai, Senior Manager for Corporate Operations as well as
Manager for Group Finance.
Ascott currently has 818 operating serviced
residence units in five Somerset-branded properties in Ho Chi Minh
City and Hanoi. The company is developing another 485 units in
three properties in Ho Chi Minh City, Hai Phong and Danang.
Mr Alfred Ong, Ascott's Managing Director for
Southeast Asia & Australia, who previously oversaw the company's
Vietnam operations, said, “Vietnam is a key growth market for
Ascott. The country's high literacy rate and productive labour
force has attracted a high level of foreign direct investments.
This has in turn created strong demand for quality serviced
residences. With Richard's knowledge and extensive experience in
managing serviced residences, I am confident that he will
strengthen our Vietnam operations and achieve our target of
increasing our presence to 1,800 serviced residence units by
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