Ascott Opens Three New Serviced Residences; Signs Another

Ascott has opened its first serviced residences in Hangzhou, China and Hamburg, Germany.

The company has also opened its second Ascott-branded serviced residence in Jakarta, Indonesia and secured a management contract for its second Ascott-branded serviced residence in Dubai which is slated to open in 2017.

The 104-unit Citadines Intime City Hangzhou is Ascott’s 35th property to operate in China, while the 185-unit Ascott Kuningan Jakarta is the company’s eighth property to open in Indonesia. The 127-unit Citadines Michel Hamburg is Ascott’s fourth serviced residence in Germany, adding to its current properties in Berlin, Munich and Frankfurt. The 117-unit Ascott Culture Village Dubai will bolster Ascott’s portfolio in the GCC to 12 properties in Bahrain, Qatar, Oman, Saudi Arabia and the United Arab Emirates.

Mr Lee Chee Koon, Ascott’s Chief Executive Officer, said, “There are significant growth opportunities for serviced residences globally. We have opened two new properties in China and Germany which are key growth markets for Ascott. Indonesia and GCC also offer immense potential for serviced residences. As the capital city of Zhejiang Province, Hangzhou’s foreign direct investment grew by an average of more than 9% annually in the last five years. Hangzhou also attracted more than 90 million business and leisure travellers in 2013. Having our first property in the city will enable us to capture the demand as we also prepare to open Ascott Raffles City Hangzhou in 2017.”

Citadines Intime City Hangzhou

Citadines Intime City Hangzhou is close to the city's three major business districts, and attractions such as the Westlake Scenic Area, Beijing-Hangzhou Grand Canal, Hangzhou Xixi National Wetland Park and Hangzhou Botanical Gardens are just a 25-minute drive away.

The serviced residence offers varied dining, shopping and entertainment options right at Intime City. A complete range of lifestyle amenities such as schools, supermarkets, banks and clinics are also within easy access. To connect to other major cities in China, the Hangzhou Railway Station and Hangzhou East Railway Station are within a 30-minute drive from the serviced residence.

Citadines Intime City Hangzhou provides guests with a range of studios to two-bedroom apartments as well as facilities such as a gymnasium, café, billiard room, launderette, mini cinema, children’s play area, breakfast lounge, business centre and meeting rooms.

Citadines Intime City Hangzhou is offering special rates from CNY368 per night for a minimum stay of two nights from now till 31 December 2014.

Citadines Michel Hamburg

Citadines Michel Hamburg is situated in the heart of Hamburg’s business district, which is home to multinational companies such as aircraft manufacturer Airbus, shipbuilder and engineering company Blohm and Voss, and publishers Gruner and Jahr. It is a five-minute walk from the Rödingsmarkt metro station and close to the city’s busy port located on the Elbe River as well as the major trade fair venue, Messe Hamburg. The Hamburg airport is only a 30-minute drive away.

Other attractions in the vicinity of the serviced residence include HafenCity, a newly developed district for working, living and shopping, and Reeperbahn, the city’s most popular nightlife district.

Citadines Michel Hamburg offers studios, one and two-bedroom apartments withr spacious work and living areas, fully-equipped kitchens with modern appliances such as microwave, refrigerator and dishwasher, as well as complimentary internet access.

Guests can enjoy its facilities ranging from a breakfast lounge with free refreshments available all day to a fitness room, business corner and meeting room.

 Ascott Kuningan Jakarta

Strategically located in Jakarta’s Central Business District, Ascott Kuningan Jakarta is part of Ciputra World 1, a large integrated development that consists of an upscale shopping centre – Lotte Shopping Avenue, an ArtPreneur Centre which is a museum, art gallery cum theatre, and an office tower. Within close proximity are embassies, office towers housing multinational companies, shopping malls as well as dining and entertainment venues.

Ascott Kuningan Jakarta offers one, two-, and three-bedroom apartments which come with a fully-equipped kitchen, separate living and dining areas, bathrooms with bathtub and rain shower, and other modern amenities.

The serviced residence has a wide range of facilities including a swimming pool, tennis, basketball and badminton courts, a fully-equipped gymnasium, aerobics room, children’s playground, wading pool, indoor playroom, garden terrace, café, resident’s lounge and meeting facilities.

Ascott Kuningan Jakarta is offering opening specials from US$150++ per night until 30 December 2014.

Ascott Culture Village Dubai

Ascott Culture Village Dubai is set within the Dubai Culture Village along the shoreline of Dubai Creek, which houses residential, retail and commercial developments including schools, art galleries, performing arts centres, restaurants and designer boutiques.

Ascott Culture Village Dubai will be a short distance from the city’s key business and leisure attractions including Dubai International Convention and Exhibition Centre, Dubai International Financial Centre, Business Bay, Dubai Festival City, Downtown Dubai and The Dubai Mall.

Residents will be able to choose from a range of spacious studios, one, two and three-bedroom apartments at the serviced residence, which also offers facilities such as swimming pool, fully-equipped gymnasium and restaurant.