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Ascott exceeds 10000 Apartments in China and opened 2 new properties

The Ascott Limited (Ascott), has crossed the 10,000-apartment unit mark in China bringing the company a step closer to its target of 12,000 apartment units in China by 2015.

The landmark breakthrough came when the company secured four new management contracts totalling 797 apartment units: Somerset IOC Hangzhou, Somerset Changbin Chongqing, Ascott Raffles City Shenzhen and Yantian Coast Serviced Residence Shenzhen.

Ascott also recently opened Ascott Raffles City Chengdu and Somerset Wusheng Wuhan firmly cementing its position as the largest international serviced residence owner-operator in China, with 56 properties across 20 cities. Both new residences offer an introductory rate starting from CNY 15,888nett per month (£1,600) and from CNY 540nett (£55) per night respectively. Valid to February 28 2014.

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