Ascott strengthens foothold in China's high growth Cities
- Category: Hotel
- Created on Friday, 20 July 2012 15:37
These new serviced residences further enhance Ascott’s leading position as the largest international serviced residence owner-operator in China with a portfolio of approximately 7,800 apartment units in 42 properties across 17 cities.
Ascott Raffles City Chengdu is strategically located in the heart of Chengdu’s business centre on Renmin Nan Road. It is part of the Raffles City Chengdu integrated development - designed by renowned architect Steven Holl - comprising serviced residences, Grade A offices, luxury apartments and a shopping precinct. Ascott Raffles City Chengdu is also connected to a metro interchange and surrounded by commercial towers, retail shops, restaurants and entertainment outlets.
On completion, Ascott Raffles City Chengdu will offer spacious and luxurious studio-, one-, two- and three-bedroom apartments. The facilities will include an indoor swimming pool, sauna, spa, gymnasium, reading lounge, restaurants and children’s play area. In addition, there will be a business centre and meeting rooms.
In Chengdu and Wuhan, Ascott currently operates Somerset Riverview Chengdu and Citadines Zhuankou Wuhan and expects to open Ascott Financial City Chengdu in 2014.
Mr Lee Chee Koon, Ascott’s Deputy Chief Executive Officer and Managing Director for North Asia, said: “Besides expanding in the gateway cities such as Beijing and Shanghai, we also see tremendous potential in China’s high growth cities such as Chengdu, Wuhan and Xiamen. These cities have been attracting investments from many multi-national and local corporations due to their rapid urbanisation and strong infrastructure. Chengdu, Wuhan and Xiamen are also well-known tourist destinations. By strengthening our foothold in these cities, we can cater to the growing demand for quality accommodation from both international and domestic travellers.”
“Ascott Raffles City Chengdu is our third serviced residence within CapitaLand’s signature Raffles City brand of integrated developments. We launched Ascott Raffles City Beijing in 2009 and Ascott Raffles City Hangzhou is scheduled to open in 2015. When Ascott Raffles City Chengdu opens next year, it will offer our guests another first class experience with a world of conveniences like shopping and dining right at their doorstep,” added Mr Lee.