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Ascott Opens Third Citadines in Xiían, China

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Ascott has opened its third Citadines serviced residence in Xiían, China.

The 138-unit Citadines Xingqing Palace Xiían is a five-minute walk to the historic Xingqing Palace Park, a popular tourist attraction built on the ruins of the palace dating back to the Tang dynasty. The serviced residence is also close to many shopping and entertainment outlets such as the Lifeng International Shopping Square, Jiaoda Computer Mall and Hongye Cinema.

 Each of the studios to two-bedroom apartments has a fully-equipped kitchen, an ensuite bathroom and separate work and sleeping areas.

The serviced residence offers 24-hour reception, 24-hour security, meeting rooms, WiFi zones and business support services

 For recreation, guests can make use of the fully equipped gymnasium, sauna, steam room or yoga room.

 Residents also have the flexibility to choose from services including grocery shopping, laundry, dry cleaning and meal delivery to customise their stay experience.

To celebrate the opening of Citadines Xingqing Palace Xiían, Ascott is offering introductory rates which start from RMB 350 for a studio. The rates are valid until 31 December 2011. Terms and conditions apply.

Mr Lee Chee Koon, Ascottís Managing Director for North Asia, said, ďXiían has immense potential for serviced residences. As a key economic hub in Central West China, foreign direct investments have been growing with many multinational companies such as IBM, Intel, Fujitsu and NEC setting up their national R&D centres in the city. Xiían is also a famous tourist destination attracting millions of foreign and domestic travellers every year with its many historic sites. The opening of our third Citadines in Xiían will enable us to cater to the strong demand for accommodation from business and leisure travellers. Moving forward, high growth cities such as Xiían will remain an important market for Ascott as we seek to expand our China portfolio to 12,000 units by 2015.Ē

 Ascott currently also operates Citadines Central Xiían (162 units) and Citadines Gaoxin Xiían (251 units) while Somerset Gaoxin Xiían (233 units) is expected to open in 2013. All four properties are in prime locations in the Hi-Tech Development Zone or the business district of Xiían and are close to many tourist spots.

In China, Ascott has about 7,000 apartment units in 38 properties across 16 cities.

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