12 Sep

Ascott Wins Three of Fifteen 'China's Best Serviced Apartments' Awards From Forbes China Magazine

Singapore, 12 September, 2007 – Three serviced residences managed by The Ascott Group (Ascott) were presented with ‘China’s Best Serviced Apartments’ awards by Forbes China magazine.  Ascott bagged the most number of awards under the serviced residence category created this year to recognise the country’s best serviced residences for excellence in service, stay experience, facilities and location.  These awards are part of the magazine’s ‘China’s Best Business Hotels 2008’ annual awards.

Ascott Beijing, Ascott Shanghai Pudong and Somerset Olympic Tower, Tianjin were among the top 15 winning serviced residences.  They were chosen from 100 short-listed serviced residences in Beijing, Dalian, Guangzhou, Shanghai, Shenzhen and Tianjin.

Mr Gerald Lee, Ascott’s Deputy CEO (Operations), said: “The creation of the ‘Best Serviced Apartments’ awards by Forbes China is testimony that serviced residences are gaining popularity among business travellers.  As a pioneer and leader in the serviced residence industry, our ‘Ascott’ and ‘Somerset’ brands enjoy strong brand equity and customer traction in China.  With the launch of more ‘Citadines’ apart’hotels in the country in the next two years, Ascott is well-positioned to cater to a full range of travellers in both the first and second-tier cities of China.”

Mr Ee Chee Hong, Ascott’s CEO for China, said: “Winning three out of 15 awards is a validation of Ascott’s focus on delivering service and product excellence.  Our team of dedicated employees is passionate, sincere and always ready to go the extra mile for all our residents.  It is the unique Ascott experience that makes our customers’ stay memorable and keeps them coming back.”

Ascott is the largest international serviced residence owner-operator in China, with about 4,000 serviced residence units in Beijing, Dalian, Guangzhou, Shanghai, Shenzhen, Suzhou, Tianjin, Xi’an and Hong Kong.  Ascott targets to grow its China portfolio to 10,000 units by 2010.

In China, Ascott has won numerous brand and property awards.  In April this year, Ascott was presented the China 2007 ‘Top 100 Serviced Apartments Award’ for the fourth year running.  In 2006, Ascott won the ‘Best Serviced Residence’ award from Travel Weekly China and the ‘Best Serviced Residence Brand in China’ award from Business Traveller China.  Ascott Shanghai Pudong was voted among the top three positions for ‘Best Serviced Residence in Asia Pacific’ by Business Traveller Asia Pacific.  Ascott was also presented with the ‘Innovative Capital Venture’ award at the 2006 China Hotel Investment Summit.



About The Ascott Group

The Ascott Group is the largest international serviced residence owner-operator outside the United States with over 14,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as another 5,200 units which are under development, making a total of 19,200 units.

The Group operates three brands – Ascott, Somerset and Citadines. Its portfolio spans 51 cities in 22 countries, nine of which are cities where Ascott's serviced residences are being newly developed. Ascott's properties can be found in cities including London, Paris, Brussels, Berlin and Barcelona in Europe; Singapore, Bangkok, Hanoi, Kuala Lumpur, Tokyo, Seoul, Shanghai, Beijing and Hong Kong in Asia; Sydney, Melbourne and Auckland in Australia / New Zealand, as well as Dubai in the Gulf region.

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 23-year industry track record and serviced residence brands that enjoy recognition worldwide.

The Ascott Group’s achievements have been recognised internationally. Recent awards include TravelWeekly Asia Industry Awards 2007 ‘Best Serviced Residence (Group)’, China 2007 ‘Top 100 Serviced Apartments Award’, Vietnam Economic Times 2006 ‘Golden Dragon Award’, The Asset’s 2006 ‘Triple A Country Award for Best Deal in Singapore’, Travel Weekly China 2006 ‘Best Serviced Residence’, Business Traveller China 2006 ‘Best Serviced Residence Brand in China’, TTG Travel 2006 ‘Best Serviced Residence’, 2006 World Travel Awards, Business Traveller Asia Pacific 2006 ‘Best Serviced Residence Brand’ and ‘Best Serviced Residence’ awards. For a full list of awards, please visit: https://www.the-ascott.com/AboutUs/awards.asp.

Listed on the mainboard of the Singapore Exchange, The Ascott Group is the serviced residence arm of CapitaLand Limited, one of the largest listed real estate companies in 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 Middle East. The company's real estate and hospitality portfolio spans more than 90 cities in over 20 countries.For more information on The Ascott Group's property listings, visit https://www.the-ascott.com/AboutUs/ResiPortfolio.


Huang Peiling, Senior Manager, Corporate Communications

Tel: (65) 6586 0479 

HP: (65) 98453361 

Email: huang.peiling@the-ascott.com

Lilian Goh, Head, Investor Relations

Tel: (65) 6586 7231  

HP: (65) 9795 5225  

Email: lilian.goh@the-ascott.com