Serviced apartment operator Ascott is to open its first India residence by 2016.
The 160-unit Ascott Ireo City Gurgaon is located in the centre of Ireo City and will be immediately next to the forthcoming Ireo City Central retail zone and entertainment hub.
The building will contain a choice of spacious studio, one- and two-bedroom apartments and facilities including a swimming pool, gym and restaurant.
Lee Chee Koon, Ascott CEO, said: "Ascott Ireo City Gurgaon has added yet another city to our global footprint of over 70 cities across more than 20 countries.
"We remain confident in India's long-term economic fundamentals and continue to see potential for serviced residences in the emerging country. With the addition of Ascott Ireo City Gurgaon, we now have nine properties with more than 1,900 apartment units in India.
"When Ascott Ireo City Gurgaon opens in 2016, expatriates and travellers to India will be able to choose from all three of our award-winning brands of serviced residences – Ascott, Citadines and Somerset."
In May, Ascott signed a management contract for its first residence in Saudi Arabia, located near Riyadh's financial district (see online news, May 22).
Graham Smith
