28 Mar
2008

Ascott Honoured Among The Best In China's Hospitality Industry

For Immediate Release

NEWS RELEASE

ASCOTT HONOURED AMONG THE BEST IN CHINA’S HOSPITALITY INDUSTRY

The Ascott Group, the only international serviced residence operator honoured

Singapore, 28 March 2008 – The Ascott Group’s Ascott Beijing and Ascott Shanghai Pudong have won the 2007 China Hotel Starlight Awards for ‘The Best International Apartment Type Hotel of China’.  The Group was also the first and only serviced residence operator to be conferred ‘The Best International Hotel Management Group of China’ award. 

China Hotel Starlight Awards recognise the best brands in China’s hospitality industry. The Awards ceremony, which is in its third year, is organised by The Centre of Asia Hotel Forum, one of the leading hotel conference organisers in China, and is supported by media including Guangzhou Daily, Beijing Evening News and Shanghai Morning Post.  According to the organiser, winners were selected by a panel of judges who are experts in the tourism industry and voted by readers of China’s mainstream newspapers. 

Mr Richard Ong, The Ascott Group’s Senior Vice President, Operations for China, said: “The Ascott Group pioneered the international serviced residence concept in China. We are currently the largest international serviced residence operator in the country with about 4,000 units in 21 properties. Since we set foot in China in 1995, there is a growing recognition of the contributions made by serviced residence operators towards China’s hospitality sector. These awards help in creating greater awareness of the importance of having high quality services and products, to bring China’s hospitality offering on par with the world’s best.” 

The awards which The Ascott Group won in China in 2007 were TravelWeekly China ‘Best Serviced Residence – Inbound’ and ‘Best Serviced Residence – Outbound’, Business Traveller China Awards ‘Best Serviced Residence Brand – Ascott’ and ‘Best Serviced Residence Brand - third position, Somerset’, Business Traveller Asia Pacific Awards ‘Best Serviced Residence - Ascott Shanghai Pudong’, Forbes China ‘China's Best Serviced Apartments - Ascott Beijing’, ‘China's Best Serviced Apartments - Ascott Shanghai Pudong’ and ‘China's Best Serviced Apartments - Somerset Olympic Tower, Tianjin’. Ascott also came in first in the ‘Top 100 Serviced Apartments Award’ by China Association of Real Estate, World Real Estate Academy, World Executive Weekly Magazine, The Wall Street Wire and China Consumer Report website.

About The Ascott Group

The Ascott Group is the world's largest international serviced residence owner-operator with about 15,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as over 6,000 units which are under development, making a total of close to 21,000 units.

The Group operates three brands – Ascott, Somerset and Citadines. Its portfolio spans 55 cities in 23 countries, 13 of which are new cities in Ascott's portfolio where its serviced residences are being developed.

The Ascott Group is headquartered in Singapore. It pioneered Asia Pacific's first branded luxury serviced residence in 1984. It also established the world’s first pan-Asian serviced residence real estate investment trust, Ascott Residence Trust in 2006. Today, the Group boasts a 24-year industry track record and serviced residence brands that enjoy recognition worldwide.

The Ascott Group's achievements have been recognised internationally. Recent awards include DestinAsian Readers' Choice Awards 2008 'Best Serviced Apartment/Residence Operator', World Travel Awards 2007 'Australasia's Leading Hotel' and 'New Zealand's Leading Hotel', Business Traveller UK Awards 2007 'Best Serviced Residence Company', Business Traveller Asia Pacific Awards 2007 'Best Serviced Residence Brand' and 'Best Serviced Residence', and Forbes China 2008 ‘China’s Best Serviced Apartments’. For a full list of awards, please visit https://www.theascottgroup.com/aboutus/awards

Listed on the mainboard of the Singapore Exchange, The Ascott Group is the serviced residence arm of CapitaLand Limited, the largest real estate company in Southeast Asia. Headquartered in Singapore, the multinational company's core businesses in real estate, hospitality and real estate financial services are focused in gateway cities in Asia Pacific, Europe and the Gulf Cooperation Council (GCC) countries. The company's real estate and hospitality portfolio spans more than 100 cities in over 20 countries.

For more information on The Ascott Group’s property listings, visit https://www.theascottgroup.com/aboutus/group_directory.html

Celina Low, Vice-President, Corporate Communications

Tel: (65) 6500 3399 

Hp: (65) 96825458 

Email: celina.low@the-ascott.com

Joan Tan, Senior Manager, Corporate Communications

Tel: (65) 6500 3401    

Hp: (65) 9743 9503    

Email: joan.tan@the-ascott.com