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121. Ascott Buys Hotel Central Fifth Avenue New York
Ascott has acquired a prime property on New Yorks Fifth Avenue and unveiled plans to invest a total of close to US$50 million (S$68 million) in the property. The operating 125-unit Hotel Central Fifth Avenue New York will undergo renovation in phases to prepare for its rebranding to Citadines Fifth Avenue New York in 2018.
122. Ascott Becomes Singapores Largest Serviced Residence Operator
Ascott is investing S$170.3 million, through its serviced residence global fund with Qatar Investment Authority (QIA), in the serviced residence component of the Funan integrated development in Singapore. Of the S$170.3 million, the fund is acquiring the land for the serviced residence component from CapitaLand Mall Trust (CMT) for S$90.5 million and developing the Singapore flagsh
123. Ascott Conferred Business Superbrands Status in Singapore
Ascott, a leading serviced residence company, has been conferred the coveted Business Superbrands status in Singapore. The accolade is presented to brands that have met the stringent standards set by the Superbrands organisation in the areas of achievement, innovation, market share, reputation and corporate social responsibility. Brands are evaluated by Superbrands independent pan
124. Ascott Partners Samsung to Offer Guests a Smart Living Experience
Ascott has unveiled plans to design a next-generation serviced residence that will offer guests a seamless smart living experience. Technology will be used to enable guests to control and manage devices within the serviced residence through a single application which connects personal and home devices from refrigerators and washing machines to smart TVs, smartphones and even wear
125. Ascott Opens Citadines Millennium Ortigas Manila
Ascott has opened the 293-unit Citadines Millennium Ortigas Manila, its seventh property in Philippines and the first in Ortigas Center, a key central business district in Metro Manila. Citadines Millennium Ortigas Manila is located in the heart of Ortigas Center, home to government buildings and top local and multinational corporations including the Asian Development Bank, Jollibe
126. Ascott Accelerates Growth of Citadines Brand in China with Manachise JV
Ascott is stepping up the expansion of its Citadines brand in China through a joint venture with one of Chinas leading hotel operators Huazhu Hotels Group (Huazhu) and Huazhus subsidiary and an apartment rental firm, CJIA Apartments Group (CJIA).
127. Ascott Secures First Franchise Agreements
Ascott has secured its first franchise agreements in Vientiane, the capital city of Lao Peoples Democratic Republic, and Bali, Indonesia. The agreements are for an operating serviced residence in Vientiane that will be rebranded as a 116-unit Somerset Vientiane in Q4 2014, and a 194-unit Citadines Kuta Beach Bali that is scheduled to open in August of this year.
128. Ascott Signs to Establish At Least 5,000 Citadines-Branded Units in So Paulo, Brazil
Ascott has signed franchise agreements for two serviced residences in So Paulo, Brazil. Vitacon, a leading real estate company in So Paulo, will franchise and operate the 92-unit Citadines VN Jardins So Paulo and 122-unit Citadines VN Faria Lima So Paulo.

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