Ascott has secured a contract to manage its
first Citadines-branded serviced residence in Chengdu, China.
The 177-unit Citadines South Chengdu,
which is slated to open in 2014, strengthens Ascott’s position as
one of the largest international serviced residence
owner-operators in China with about 8,000 apartment units in 43
properties across 17 cities.
South Chengdu is located in Chengdu’s Hi-tech
District at the junction of Tianfu Street and Tianfu South Road.
The serviced residence is part of the Chengdu ICON Genesis Plaza,
a mixed development comprising office towers, restaurants and
Citadines South Chengdu is also surrounded by
numerous Grade A office towers which house several multinational
corporations including Nokia Siemens, Symantec, Maersk, Manulife
Financial, Cisco, SAP, GE and IBM.
Many facilities, attractions
and shopping malls such as the Chengdu International Exhibition & Convention Center, Chengdu Ocean Park, Chengdu Opera House, GTC
Shopping Center and Ito-Yokado Shopping Mall are located nearby.
also be able to enjoy easy access to various destinations in the
city as Citadines South Chengdu is right next to the Science and
Technology Zone Metro Station. In addition, the Shuangliu
International Airport and Chengdu North Railway Station are within
a 30-minute drive from the property.
Citadines South Chengdu
offers a range of studios to two-bedroom apartments that come with
a fully-equipped kitchen and separate work and sleeping areas.
Facilities at the serviced residence include a gymnasium, sauna,
roof garden, breakfast lounge, children’s indoor play area and
In Chengdu, Ascott currently operates one
Somerset-branded serviced residence and expects to open two
premier Ascott-branded properties in the next two years. With this
latest contract, Chengdu joins Shanghai and Suzhou as the third
city in China with all three of Ascott’s award-winning brands of
Mr Lee Chee Koon, Ascott’s Deputy Chief
Executive Officer and Managing Director for North Asia, said,
“Chengdu has strong growth opportunities for serviced residences.
Its economy grew by more than 13% for the first half of 2012 over
the same period last year. In Central and Western China, Chengdu
has been ranked the top city with the most Fortune 500 companies.
Chengdu is also a popular tourist destination and venue for
exhibitions and conferences.”
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