The serviced residence provides an attractive accommodation option for expatriates who want to live in the city centre and have good connectivity to their workplaces in industrial parks such Bac Giang and Bac Ninh which are a 60-minute and a 90-minute drive away respectively. The acquisition in Hanoi is the 364-unit Somerset Metropolitan West Hanoi. The project will be a flagship showcase of Ascotts hospitality capabilities. webeditors(@)hospitality-on.com, Published on 28/11/13 - Updated on 17/03/22. On request, I wo. Its reputation is well maintained across Europe, Middle East & Asia Pacific, as it adheres only to the highest level of service. We publish benchmark reports for the international hotel industry and follow all facets of the ecosystem and the players involved. Register for free to (From left to right) While checking in at Ascott Dadonghai Bay Sanya in China, guests will notice a light installation that spirals down from the ceiling toward the uniquely-shaped brass reception counter, inspired by the traditional folklore behind Sanyas famous Luhuitou scenic site. A hotel for better, healthier living, paired with vibrantly fun atmosphere and hospitable players! Interviews, videos, podcasts on the world of hospitality, Stay up to date with the latest news from the world of hospitality with the HON newsletter. [10], In 2014, Ascott entered a strategic partnership with Quest Apartment Hotels (hereinafter referred to as Quest), then the largest serviced apartment provider with 112 properties in Australia, by acquiring 20% stake in the company for AUD28.8 million (SGD32.3 million). There are also supermarkets, trendy cafs, restaurants as well as retail shops in the vicinity. Building 1 & 2Lane 89Shuocai Road, Jiading DistrictShanghai, No.1539 Beiai Road, Pudong New Area, Shanghai, No.1066, West Yan'an Road, Changning District, Shanghai, Check in from 02:00 PM Check out until 12:00 PM. vote When fully deployed, the acquisitions will boost Ascotts total funds under management (FUM)2 to S$9 billion. Designed for the next generation of guests such as digital nomads, technopreneurs, creatives and self-starters, livelyfhere Gambetta Paris offers a dynamic environment to live your freedom. Walking distance to Qingshanhu Sci-tech City Metro Station of Metro Line 16, it connects travellers to the rest of Hangzhou. For separate beds (including extra bed setup), please indicate the number of additional older children or adults. The Ascott is known worldwide for its impeccable attention to service. The 12 properties, with a total of 2,068 units, were located in Singapore, China, Indonesia, the Philippines and Vietnam, countries which still enjoy rising GDP and foreign direct investments.In April 2009, the trust had a combined portfolio of 0.9 billion euro, with 38 serviced residences and rental housing properties across seven countries. It also invests through its two private funds, Ascott Serviced Residence Global Fund and Student Accommodation Development Venture. "It will also be able to leverage a combined larger customer base to cross-sell and accelerate sales growth. With its prime location, it is only steps away from Qingshanhu Sci-tech City with several tourist attractions nearby. In 2018, Ascott acquired a 70% majority stake for USD25.9 million (SGD35.4 million) in Indonesia's Green Oak Hotel Management (GOHM), the holding company of TAUZIA Hotels (hereinafter referred to as TAUZIA), one of Indonesia's top five hotel operators. The company sees strong potential for further growth in Asia Pacific, London, Paris and key cities in Germany and will continue to look for expansion opportunities in these markets to achieve its target of 40,000 apartment units globally by 2015. @ 2017 Service China All Rights Reserved ShanghaiICP for 12018090. As we near the full deployment of ASRGF, we are exploring new opportunities to establish more lodging funds. The yet unnamed brand is expected to occupy the three-star segment. Mr Kevin Goh, CapitaLands Chief Executive Officer for Lodging said: Ascott Serviced Residence Global Fund and our sponsored hospitality trust, Ascott Residence Trust are key investment platforms to grow our FUM in a capital efficient manner. For instance, the themed suite is a feature of the Ascott Orchard Singapore, while the Ascott Marunouchi Tokyo celebrates the visual arts with lobby installation art pieces. Ascotts loyalty programme, Ascott Star Rewards (ASR), offer members exclusive benefits at participating properties worldwide. Metro Line 6 Zhouhai Road Station is only 670m away, while Shanghai Pudong International Airport is approximately 40km distant. Our Ascott properties were traditionally thought of as accommodations specifically geared toward business travelers working on long-term projects or perhaps relocating. Distribution has undergone a small-scale revolution, driven by a change in consumer habits and a Social media are an integral part of our daily lives, with people spending between 1 and 3 hours a day on them, depending on their age. Sunland Green is a well-known sports and cultural area in Shanghai, whilst being one of the city's public green spaces. There is a long history of the two passions influencing each other to create aspirational experiences, evident in the various creative collaborations between luxury brands and renowned artists such as Salvador Dali and Takashi Murakami. According to Ascott's former managing director and CEO, Mr. Kee Teck Koon, a new era began for Ascott, marking its transformation from an Asia Pacific brand to a global brand. For instance, Ascotts serviced residences can accommodate single travelers or families for both extended stays and shorter trips. Somerset Hangzhou Bay Ningbo is in the heart of Ningbos Hangzhou Bay New Town, a key hub within the Zhejiang province. 1 child under 2 years stay free of charge when using existing beds and does not need to be included in this selection. The Ascott Group can now boast an internationally recognized business brand with 20,000 keys over 40 cities throughout Asia and Europe.Ascott currently has more than 50 properties under development in the key gateway cities of China, Germany, India, Indonesia, Malaysia, Oman, Saudi Arabia, Singapore, the Philippines, Thailand and Vietnam. The property is in proximity to natural landscapes including Qingshanhu National Forest Park, Lingshan Mountain, and Nanshan Mountain which are within a 7km radius. [1] Ascott set up the US$600 million Ascott Serviced Residence Global Fund in July 2015 through a 50:50 joint venture with Qatar Investment Authority. Every week, the HON team brings you an expert look at the world of hospitality. in favorite. See a whole year of Reward Seat Availability on one page at SeatSpy.com, IHG to open Holiday Inn in Australia's Dandenong, Lufthansa recommends four hours for check-in at Berlin Brandenburg airport, Harder, faster, lighter, stronger, smarter. In 2003, Ascott acquired a 50% interest for EUR84.2 million (SGD47.5 million) in Citadines, a pan-European serviced residence chain with properties across France, the UK, Belgium, Spain and Germany, thereby increasing its overall portfolio to 13,500 serviced units in 37 cities across 16 countries. Prfrence Hotels is a collection of luxury discreet charm and heritage hotels that offer subtle inspiration and unique experiences. You may opt-out by, Storytelling and expertise from marketers, Ascotts transformation reinforces the groups flex-hybrid accommodation concept. The property is within walking distance to Le Duc Tho station on metro line 3 in the citys new Central Business District (CBD), providing easy connection to the old CBD in Hoan Kiem District when the metro station commences operation in the second half of 2021. Our strategic partnership will also pave the way for Ascott to collaborate on more lodging projects with Sun Group in the future.. Ascott to operate 17 Lyf properties by 2025, Ascott opens new Citadines aparthotel in Strasbourg, Ascott rolls out telehealth, telecounselling and travel security advisory for guests, IHG signs Holiday Inn property in Vietnam's Halong Bay, To see our latest subscription offers for Business Traveller editions worldwide, click on the Subscribe & Save link below, grow its millennial focused Lyf co-living brand to 25 properties by 2025. Ascott is the flagship namesake brand of The Ascott Limited. Our interests are aligned with both our private and public investors, as we put our own capital to work alongside theirs, bringing the strengths of our global reach and operating expertise to deliver the required investment returns. The three serviced residences are set to open in phases from the first quarter of 2023. for the application. We also think about the future with environment-friendly construction techniques. Orchard Scotts Residences 5 Anthony Road Singapore 229954 Get In Touch Email: info.osr@fareast.com.sg Awarded Travel Weekly Asia Readers' Choice Award 2018 to 2019 Best Serviced Residence Property (Asia-Pacific) Travellers' Choice TripAdvisor 2021 View All Our Awards "As market leaders in the Asia Pacific, we already have significant presence and brand equity in most of the countries we operate in. The acquisition of the two properties through the Ascott Serviced Residence Global Fund [1] (ASRGF), Ascott's private equity fund with Qatar Investment Authority, will boost Ascott's total fund assets under management (FUM) to about S$8 billion. In 2018, Ascott signed a Memorandum of Understanding with IFC to pioneer a green building certification for serviced residences, as part of IFCs EDGE system, To use this feature, please click on "Cookie Preferences" in the footer and select "Yes" to consent to LTD. is registered as Private Limited Company with its address 168 ROBINSON ROAD, #30-01, CAPITAL TOWER, Singapore 068912 ASCOTT SERVICED RESIDENCE (GLOBAL) FUND PTE. In fact, the group only became residence-focused relatively recently, around the year 2000, when Scott's Holding merged with several other residence branches. While the brands heritage is deeply rooted in the serviced residence space, the brand refresh augments Ascotts flex-hybrid strategy to create hospitality experiences that are well-suited for both leisure and extended-stay travels by well-heeled individuals and groups, says Tan Bee Leng, Ascotts Managing Director for Brand & Marketing. Whether business leaders or simply connoisseurs of fine living, travelers have emerged from the pandemic seeking accommodations that offer a premium experience in a discreet manner. New signings for Lyf were acquired for properties in China, Australia, Japan, Malaysia, the Philippines and France. Ascott entered the Netherlands in 2019 with the opening of Citadines Sloterdijk Station Amsterdam. Serviced residence and hotel operator Ascott will manage 1,905 units across three of its brands within the Sun Groups Tay Ho View complex in Hanoi, located next to the West Lake. [9] By 2004, Citadines was acquired fully for an additional EUR74.3 million (SGD154.2 million) by Ascott, which by then owned three brands: Ascott The Residence, Citadines and Somerset. In three decades, it has grown to become the world's largest international serviced residence owner-operator. Pictured above (from left to right) are Ascott Star KLCC Kuala . Those who wish to lease their property will find Diamond Island a most sustainable investment. Ascotts presence in China and the Netherlands. She will take up her new responsibilities on 1st August 2023. With this addition, Ascott has a total of 16 lyf properties with more than 3,100 units across 13 cities and nine countries in Asia Pacific and Europe. Citadines provides independent travelers with the flexibility to choose the services they require. Designed for the next generation of guests, lyf is a hybrid lodging solution that combines the best of serviced residences, hotels and coliving apartments. It is one of the leading international lodging owner-operators with properties across Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Already signed up? From the town, it is a two-hour drive to the economic centres of Hangzhou, Shanghai and Suzhou. Located in heart of the Qujiang New District - the core business district of the Grand Tang Mall, lyf Dayanta Xi'an offers an authentic experience of the city when you plan your next visit. Do you wish to change Cookie Preferences? 400 820 1028 (86-21) 5066 1888, Check in from 02:00 PM Imagine wandering through a hotel lobby tastefully adorned with exquisite art installations or staying in a themed suite furnished with Fendi Casa furniture and accessories at a serviced residence. Five more lyf properties in Singapore and China are set to open in 2021. Both properties were acquired in June 2021 and are expected to open in 2024. It is a peaceful retreat for guests to unwind after a long day. Capitalizing on the intimate bond between art and luxury was a natural choice for Ascotts tilt towards the higher end of the market. Book Apartments in Hengelo. What's more, ASR members enjoy the lowest rates, exclusive discounts and perks. With this partnership, residents are assured of premiere living at its best. As highlighted by executives at Ascott, this was not just a financial operation: "By acquiring the remaining stake, Ascott will be able to fully integrate the European chain with the rest of its operations to achieve greater economies of scale", stated Mr. Liew Mun Leong, Ascott's former deputy chairman, and former president and CEO of its parent company, CapitaLand Limited. The serviced residence will also offer a mix of two- and three-bedroom apartments as well as facilities including a gymnasium, meeting rooms, a kids area and a residents lounge. Ascotts investment management is anchored by its listed CapitaLand Ascott Trust, the largest lodging trust in Asia-Pacific. [4] Travel + Leisure, France Lays Out New Reopening Plans For American Travelers (Jun 2021) From One-Bedroom Deluxe to Four-Bedroom Executive, Ascott Sunland Shanghai has 206 elegant and luxurious apartments to choose from. Step into your own adventure with Citadines, where you can live, work, and play at the heart of the cities you love. The operational properties held under ASRGF have remained resilient amid COVID-19, supported by their excellent location and robust base of long-stay corporate guests and a strong domestic leisure travel market.
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