23 May
2008

Ascott Voted 'China's Most Favourite Serviced Residence Brand' At The 'Golden-Pillow Award Of China Hotels'

For Immediate Release

News Release

ASCOTT VOTED ‘CHINA’S MOST FAVOURITE SERVICED RESIDENCE BRAND’ AT THE ‘GOLDEN-PILLOW AWARD OF CHINA HOTELS’

Shanghai, 19 May 2008 – The Ascott Group (Ascott) was conferred the inaugural ‘China’s Most Favourite Serviced Residence Brand’ award at the ‘5th Golden-Pillow Award of China Hotels’ held in Sheshan, Shanghai last Friday. 

The ‘Golden-Pillow Award of China Hotels’ was launched in 2004 and was presented by 21st Century Business Herald newspaper and Business Travel magazine.  This is the first time the organisers added a category to recognise the rising popularity of serviced residence among business travellers in China. 

Mr Richard Ong, The Ascott Group’s Senior Vice President for China Operations said: “Ascott is extremely happy and honoured to be the first management group to receive Golden Pillow’s most popular serviced residence brand award. We would like to thank the judging committee, all the mystery judges and everyone who voted for Ascott.”

This annual award honours the most outstanding performers in China’s hotel industry. Each year, the panel of judges, comprising business leaders, industry experts, hotel investors and journalists, will choose the best in the hospitality industry by conducting mystery visit and polls.

Mr Chen Dong Yang, Executive Chief Editor of 21st Century News Group, said: “We received applications from more than 400 hotels. This year's judging committee was made up of 60 professionals, which was a much larger team than previous years. We had more than 100 mystery judges, and received more than 5 million votes online.”

The ‘Golden-Pillow Award of China Hotels’ is the fifth award Ascott has won in China this year. Ascott was voted the ‘Best Serviced Residence Operator in China’ by readers of TTG in April. The Group was also awarded ‘The Best International Hotel Management Group of China’ (中国最佳国际酒店管理集团) at the 2007 China Hotel Starlight Awards (中国酒店星光奖) in March. The Group’s Ascott Beijing and Ascott Shanghai Pudong serviced residences also won ‘The Best International Apartment Type Hotel of China’ (中国最佳国际公寓酒店).

There were a total of 70 awards in this year's ‘Golden-Pillow Award of China Hotels’. Apart from ‘China’s Most Favourite Serviced Residence Brand’, the main awards included the ‘Top Ten Business Hotels in China’, ‘Top Ten Popular Resorts in China’ and ‘Best New Hotel in China’. The secondary awards included ‘Most Luxurious Hotel in China’ and ‘Best Design Hotel in China’.

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 about 21,000 units.

The Group operates three brands – Ascott, Somerset and Citadines. Its portfolio spans 56 cities in 23 countries, 14 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

The Ascott Group is a wholly-owned subsidiary of CapitaLand Limited, the largest real estate company in Southeast Asia by market capitalisation. Headquartered in Singapore, the multinational company's core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific, Europe and the Gulf Co-operation Council (GCC) countries. The company's real estate and hospitality portfolio spans more than 110 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