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57. Ascott Appoints Country General Manager for Vietnam
Ascott Appoints Country General Manager for Vietnam. Ascott has appointed Mr Richard Tan as Country General Manager for Vietnam where he will be responsible for managing the company's operations and growing its serviced residence business in the country. Mr Tan has undertaken several roles across Ascott's operations in different countries since joining the company in 2004. Prior to
58. Ascott Signs New Citadines in China
Ascott Signs New Citadines in China. Ascott has signed a contract to manage the Citadines Xian Xingqing Palace, its third serviced residence in Xian, China. Ascott's two other serviced residences in Xian are Citadines Xian Central, which is currently operational and the Citadines Xian Gaoxin which is due to open in 2010.
59. Ascott Exceeds Target of 20,000 Units in China for 2017
Ascott exceeded its target of 20,000 units for China in 2017, ahead of its planned schedule of 2020, as it sealed contracts to manage nine properties with over 2,000 units in China. With these new properties, Ascott made inroads into new cities such as Harbin and Zhuhai, and widened its presence in Chongqing, Foshan, Shanghai and Wuxi. It also marked a record year of growth in Chin
60. Ascott Signs Six New Serviced Apartments in China
Ascott has signed contracts to manage six properties with more than 1,200 apartment units in China. The new properties entrench Ascotts presence in Changsha, Shenzhen, Tianjin and Wuhan, while extending its footprint to two more cities Handan and Xuzhou.
61. Ascott Forms Strategic Alliance with Ciputra
Ascott has formed a strategic alliance with one of Indonesias top property developers Ciputra Development Group (Ciputra). Under the alliance, Ascott will manage serviced residences to be developed by Ciputra in Indonesia and China within the next five years. The 253-unit Citadines Sudirman Jakarta, the first property under the alliance, will open in 2021.
62. Ascott Expands Portfolio in Philippines with Cebu Landmasters Alliance
Ascott has boosted its portfolio in Philippines by entering into a strategic alliance with one of the countrys top real estate developers, Cebu Landmasters Inc. (CLI), to manage 1,600 units by 2022. Under the alliance, both parties will seek properties for CLI to develop into serviced residences to be managed by Ascott.
63. Ascott Reports Record Year; Adds Over 14,200 Units Across 71 Properties in 2020
Ascott added over 14,200 units across 71 properties globally in 2020, exceeding the number of units secured in 2019 and marking a fourth consecutive year of record growth for the company. In China, Ascott has also achieved an 80% year-on-year growth in units compared to 2019. Published by TravelNewsAsia.com on 12 January 2021.
64. Ascott Signs 1,905 Serviced Residences in Hanoi, Vietnam
Ascott has formed a strategic partnership with Sun Group, one of the biggest real estate developers in Vietnam, to manage the countrys largest serviced residence integrated development. Ascott will manage 1,905 units across three distinct serviced residence brands within Sun Groups Tay Ho View Complex in Hanoi. Published by TravelNewsAsia.com on 13 October 2021.

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