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Thu, 8 October 2015

Ascott Signs 875 Keys in Cebu and Pattaya

Ascott has won five contracts to manage 875 serviced apartment units in Cebu, Philippines and Pattaya, Thailand.

Citadines Cebu City is slated to open in 2019, while the four new properties in Thailand Citadines North Pattaya, Citadines Central Pattaya, Citadines Jomtien Beach Pattaya and Somerset Wong Amat Beach Pattaya will be ready to welcome guests from 2018 onwards.

The new management contracts in Cebu and Pattaya will strengthen Ascotts position as the largest international serviced residence owner-operator in the Philippines and Thailand. Ascott has more than 1,600 units in eight serviced residences and 2,800 units across 16 properties respectively in the two countries.

We have ramped up our expansion in Southeast Asia as we see strong growth potential in the long-term. With more than 13,000 apartment units in 73 properties across eight countries in Southeast Asia, over 30% of Ascotts global footprint is now concentrated in this fast-growing region, said Mr Lee Chee Koon, Ascotts Chief Executive Officer. Ascott has been expanding beyond the capital cities to other areas with significant growth opportunities for serviced residences. For instance, Cebu is the second major business capital in the Philippines after Manila, while Pattaya is a major city in Thailands Eastern Seaboard region with many multinational companies. Both are also popular tourist destinations. This year, we have also secured properties in Jakarta and Yogyakarta in Indonesia; Kota Kinabalu, Nusajaya and Miri in Malaysia; Bangkok and Sri Racha in Thailand as well as Binh Duong province and Ho Chi Minh City in Vietnam. Ascott is also present in the Southeast Asian cities of Yangon, Myanmar and Vientiane, Laos. We will continue to make inroads into new cities with strong growth potential and deepen our presence in the worlds capital cities to achieve our target of 80,000 units globally by 2020. 

Citadines Cebu City

The contemporary 180-unit Citadines Cebu City will be part of a mixed-use development that will also comprise offices, retail and private residential units.

Ascotts eighth serviced residence in Philippines and its first outside Manila, Citadines Cebu City will be located within a vibrant lifestyle hub close to the business districts of Cebu Business Park and Cebu IT Park, as well as multinational companies and government offices.

The serviced residence is less than an hours drive from Mactan-Cebu International Airport, making it a convenient location for corporate or leisure travellers.

Guests will be able to choose from studios, one-bedroom units or the more spacious two-bedroom apartment.

Recreational facilities will include a swimming pool, fitness centre and residents lounge.

Citadines North Pattaya, Citadines Central Pattaya, Citadines Jomtien Beach Pattaya and Somerset Wong Amat Beach Pattaya

The four new properties in Pattaya will cater to different segments of corporate and leisure travellers and they signal Ascotts expansion into its third city in Thailand after Bangkok and Sri Racha.

The 300-unit Citadines North Pattaya will appeal to corporate travellers from the nearby major industrial estates for automobile, shipping and metal companies, while visitors who enjoy Pattayas notorious nightlife options will most likely appreciate the prime location of the 150-unit Citadines Central Pattaya.

The 95-unit Citadines Jomtien Beach Pattaya will host expatriates working at the nearby industrial estate in Rayong as well as leisure travellers at the popular Jomtien beach.

In the luxury resort and residential area, the 150-unit Somerset Wong Amat Beach Pattaya will cater to corporate guests on extended stay and travellers with families looking for exclusivity and tranquility, offering a nice sea view from the serviced residence.

Ascott, Citadines, Pattaya, Cebu

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