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17. Ascott Signs Citadines Property in Surabaya
Ascott has secured a new management contract for its first Citadines Aparthotel in Surabaya, Indonesia. The 288-unit Citadines Marvell Surabaya is scheduled to open in 2014 and reinforces Ascotts position as one of the largest international serviced residence owner-operators in Indonesia, with over 2,100 apartment units across 10 properties.
18. 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
19. 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.
20. Ascott Signs Citadines in Kuta, Bali
Ascott Signs Citadines in Kuta, Bali. Ascott has expanded its presence into Bali, Indonesia, by clinching a contract to manage a 174-unit serviced residence in Kuta. To be named Citadines Bali Kuta, the serviced residence is scheduled to open in 2012.
21. Ascott Opens First Citadines Serviced Residence in Seoul
Ascott has expanded its portfolio of serviced apartments in South Korea with the opening of its first Citadines-branded property in Seoul. Situated in Yeongdeungpo-gu, close to the Yeouido and Gangnam financial districts, the 149-unit Citadines Han River Seoul is close to Seonyudo metro station and is well connected to downtown and suburbs through the Olympic-daero, Gangbyeonbuk-r
22. Ascott Opens Citadines Tbilisi Freedom Square, Georgia
Ascott Opens Citadines Tbilisi Freedom Square, Georgia. Ascott has opened the Citadines Tbilisi Freedom Square. The property is one of the first international serviced residences to open its doors in Georgia, and it strengthens Ascotts presence in Europe, where it already operates over 5,000 serviced apartment units in 47 properties.
23. Ascott Signs Citadines in Frankfurt
Ascott Signs Citadines in Frankfurt. Ascott will invest 28 million (approximately Sin$50 million) to acquire a turnkey serviced residence property which is slated to open in 2014. This follows the companys expansion into Germanys second largest city, Hamburg, in January when it signed a sale and purchase agreement for Citadines St Michaelis Hamburg.
24. Ascott Expands Thailand Portfolio with Opening of Citadines Grand Central Sri Racha
On 15 January 2015, Ascott will open the doors of the Citadines Grand Central Sri Racha, one of the very first international branded serviced residences in Sri Racha, Thailand. Located in the heart of Sri Rachas city centre, Citadines Grand Central Sri Racha is in close proximity to a number of retail outlets such as Robinson Sriracha, restaurants, international schools and medica

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