Ascott to manage four new Chinese properties

The Ascott Limited has put ink on paper to manage four new serviced residence properties in China – two in Shanghai, and one each in Beijing and Dalian.

The new properties reinforce the company’s position as the largest international serviced residence owner-operator in China, with over 14,300 units in 80 properties across 24 cities.

“China is Ascott’s largest market with the most number of properties given the tremendous growth opportunities for serviced residences in the country. Chinese domestic travellers now take up 30 percent of our business in China,” said Lee Chee Koon, Ascott’s chief executive.

“In August, Ascott invested in Tujia.com International, China’s largest online apartment sharing platform, to expand in the O2O (offline-to-online and online-to-offline) business. Our serviced residences in China under our three internationally recognised brands – Ascott, Citadines and Somerset – are now available on Tujia’s website for booking, expanding our reach to more customers online.”

Ascott Beijing

The first newly announced serviced residence to open is Ascott Beijing, which will begin operations next year. Located in the CBD, near the International Trade Centre and China World shopping mall, the property will be well served by public transport, with the subway stations Lines 1 and 10 situated just five minutes away by foot.

Ascott Beijing will offer 162 one-bedroom and two-bedroom apartments, with each featuring a dining room and kitchen for guests to enjoy home dining. The property also comes with 24-hour housekeeping service, fitness centre, swimming pool and sauna. 

Citadines Gugeng Dalian

Ascott will bring its Citadines brand to the port city of Dalian in 2016. Located at Dalian Economic and Technological Development Zone, the new property will be situated just a five-minute drive from the light rail station which connects to the city. It will offer 125 studios and one-bedroom apartments.

Citadines Jinxiu Shanghai and Citadines Putuo Shanghai

Rounding the new properties up are the two located in Shanghai – both due to open in 2019. Citadines Jinxiu Shanghai will be part of an established mixed-used development in the Pudong New Area that also comprises of a shopping mall and offices. With 142 units, ranging from studios to two-bedroom apartments, the property will provide guests with a number of business and leisure facilities including a meeting room, gymnasium, yoga room and resident’s lounge.

Meanwhile, Citadines Putuo Shanghai will also be part of a mixed-used development, comprising of high-end residences, business centres, and education facilities. The Nanjing West Road CBD and Shanghai train station are both a 15-minute drive away. The serviced residence will feature 154 units ranging from one-bedroom to three-bedroom apartments. Facilities will comprise of a gymnasium, yoga room, residents’ lounge and children’s play area.

For more information, visit the-ascott.com

Clement Huang


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