Ascott has signed four new management contracts
with 583 serviced residence units in China.
Two of the properties
are located in Shanghai and one each in Beijing and Dalian.
Ascott Beijing (opening 2016), Citadines Jinxiu
Shanghai (opening 2019) and Citadines Putuo Shanghai (opening
2019) will boost Ascott’s portfolio to 11 properties in Beijing
and 7 properties in Shanghai.
Ascott is also bringing its Citadines brand to
Dalian, a major port city in northeast China, with the management
of Citadines Gugeng Dalian (opening 2016).
Mr Lee Chee Koon, Ascott’s Chief Executive
Officer, said: “China is Ascott’s largest market with the most
number of properties given the tremendous growth opportunities for
serviced residences in the country. Chinese domestic travellers
now take up 30% of our business in China. In August, Ascott
invested in Tujia.com International (Tujia), China’s largest
online apartment sharing platform, to expand in the O2O
(Offline-to-Online and Online-to-Offline) business. Our serviced
residences in China under our three internationally recognised
brands – Ascott, Citadines and Somerset – are now available on
Tujia’s website for booking, expanding our reach to more customers
Ascott Beijing is located in the Central Business
District, near to the International Trade Centre and China World
shopping mall, and is surrounded by major financial institutions
as well as high-grade office buildings. The property is only a five-minute walk to subway
stations Lines 1 and 10, and a 15-minute drive to Beijing train station.
The serviced residence has 162
one-bedroom and two-bedroom apartments. Each apartment has a
dining room and modern kitchen for guests and their
family to enjoy home dining.
Ascott Beijing offers 24-hour
housekeeping service, a well-equipped fitness centre, swimming
pool and sauna.
Citadines Jinxiu Shanghai
Shanghai Pudong New Area, Citadines Jinxiu Shanghai is part of an
established integrated development that also comprises a shopping
mall and offices, spanning more than three million square metres.
The serviced residence is in close proximity to Shanghai Metro
Lines 7 and 13, a 30-minute drive from Pudong International
Airport and a 40-minute drive from Hongqiao High Speed Rail
Station as well as Hongqiao Airport.
Citadines Jinxiu Shanghai
will offer 142 units, ranging from studio to two-bedroom
Facilities will include a meeting room, gymnasium, yoga room
and residents’ lounge.
Citadines Putuo Shanghai
Putuo Shanghai is part of a 15,000-square metre integrated
development comprising high-end residences, business centres,
education and other facilities. Guests can easily take a short
walk to Shanghai Metro Lines 3, 4 and 7. The Nanjing West Road
Central Business District and Shanghai train station are a
15-minute drive away while the Hongqiao High Speed Rail Station
and Hongqiao Airport are a 45-minute drive from the property.
The serviced residence will have 154 units ranging from
one-bedroom to three-bedroom apartments.
There will also be a gymnasium,
yoga room, residents’ lounge, children’s play area and other
facilities to ensure guests have a comfortable stay.
Citadines Gugeng Dalian is located in the centre
of the business district in Dalian Economic and Technological
Development Zone. The property is close to numerous shopping centres, office buildings, banks and restaurants.
Well served by
transport, the serviced residence is a five-minute drive to the
light rail station which connects to the city, a 20-minute drive
to the high-speed train station, and a 35-minute drive to Dalian Zhoushuizi International Airport. Several well-known tourist
attractions are located a 20-minute drive away.
Dalian will offer 125 studio and one-bedroom apartments.
Mr Kevin Goh, Ascott’s Managing Director of
North Asia, said, “To
drive Ascott’s growth in China, we are accelerating our expansion
across the tier-1 and 2 cities while increasing our business
development in the growth cities of the central and west China. We
will expand through investments, management contracts, strategic
alliances and franchises. We are on track and confident of
achieving Ascott’s target of 20,000 units by 2020.”
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