The Ascott Limited opens 10,000th resident apartment with four new management contracts


ASIA – CapitaLand’s serviced apartments company, The Ascott Limited, has opened its 10,000th apartment unit in China, bringing it closer to its target of 12,000 apartment units in China by 2015.
The milestone came when the company secured four new management contracts totaling 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, cementing its position as the largest international serviced residence owner-operator in China, with 56 properties across 20 cities.
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