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Ascott Signs Second Property in Doha

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Ascott has secured a contract to manage a 229-unit premier serviced residence in Doha, its second property in the capital city of Qatar.

The new serviced residence – Ascott Doha – is scheduled to open in the second half of 2011.

The 24-floor Ascott Doha is located at the north end of Corniche Bay and offers views of the Persian Gulf.

The serviced residence is in the heart of Doha’s diplomatic district, nestled among key ministry headquarters, embassies and consulates. It is within walking distance to the City Centre Mall, one of Qatar’s best known retail and entertainment destinations.

Business travelers staying at Ascott Doha will also enjoy easy access to the city’s top MICE venues with the Doha Exhibition Centre just a five-minute drive away and the upcoming Doha International Conference and Exhibition Centre within walking distance.

Ascott Doha will offer one, two and three-bedroom apartments to cater to both short and long-stay travelers’ different lifestyle needs. Each apartment will come with a fully-equipped kitchen, en-suite bathrooms, separate work and living areas as well as modern amenities.

Residents will also be able to unwind and enjoy facilities such as two swimming pools, a Jacuzzi, a sauna and steam room, a gymnasium, a salon and a café.

Mr Ronald Tay, Chief Investment Officer of The Ascott Limited, who oversees Ascott’s business in the region, said, “Qatar offers tremendous potential for Ascott as it is one of the fastest growing countries in the world due to its huge oil and gas reserves. Its economy is set for double-digit growth this year with further expansion expected over the coming years. Moreover, Qatar has been aggressively promoting tourism and will be hosting large-scale international events such as the 2022 FIFA World Cup. Having a second serviced residence (first one being the Somerset West Bay) in Doha will allow us to cater to the strong demand for quality accommodation from the influx of business and leisure travelers. Besides strengthening our presence in Qatar, Bahrain and the United Arab Emirates, we continue to actively look for opportunities in Kuwait, Oman and Saudi Arabia.”

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