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25. Ascott Signs Citadines in Chengdu, China
Ascott has secured a contract to manage its first Citadines-branded serviced residence in Chengdu, China. The 177-unit Citadines South Chengdu, which is slated to open in 2014, strengthens Ascott’s position as one of the largest international serviced residence owner-operators in China with about 8,000 apartment units in 43 properties across 17 cities.
26. Ascott Signs Two New Properties in Jeddah
Ascott has expanded the global portfolio of its Citadines brand with two new properties in Saudi Arabia. The 166-unit Citadines Tahlia Jeddah and the 136-unit Citadines Al Salamah Jeddah are expected to open in Q1 2014. The addition of the two new serviced residences will increase Ascott’s portfolio in the region to more than 1,500 serviced apartment units across nine properties in
27. Ascott Signs Four New Serviced Residences in China
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
28. Ascott Opens First Citadines in Osaka, Japan
Ascott has expanded its already considerable portfolio of serviced apartments in Japan, with the opening of its first Citadines serviced residence in Osaka. Ascott is operating the property through a master lease agreement with Toshin Development Company Ltd, a subsidiary of the Takashimaya Group.
29. Ascott Opens Citadines Serviced Residence in Canggu, Bali
Ascott has expanded its portfolio of serviced apartments in Indonesia with the opening of the Citadines Berawa Beach Bali in the heart of Canggu, a destination on the south coast of Bali. The 224-unit serviced residence is a stone’s throw away from Berawa Beach and is surrounded by a plethora of cafes, restaurants, retail and recreational options. Published by TravelNewsAsia.com on
30. Ascott to Acquire Property in Islington, London
Ascott is acquiring a prime property in the heart of Islington, London through its serviced residence global fund with Qatar Investment Authority (QIA). Ascott will invest a total of £52 million (Sin$100.4 million) in the 108-unit property which will be named Citadines Islington London. Citadines Islington London is the US$600 million fund’s third investment, barely five months aft
31. Ascott Expands China Portfolio with Three New Properties
Ascott Expands China Portfolio with Three New Properties. The 105-unit Somerset International Building Tianjin is Ascott’s latest acquisition through its private equity fund, Ascott China Fund. The 249-unit Citadines Zhuankou Wuhan is Ascott’s first property in Wuhan while the 251-unit Citadines Gaoxin Xi’an is one of the company’s four properties in Xi’an.
32. 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 China’s leading hotel operators Huazhu Hotels Group (Huazhu) and Huazhu’s subsidiary and an apartment rental firm, CJIA Apartments Group (CJIA).

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