22 Nov
2007

Ascott Bags Best Serviced Residence Brand Award in China for Third Year Running

Fourth accolade this year from readers of Business Traveller magazine

Singapore, 22 November  – The Ascott Group’s flagship brand, ‘Ascott The Residence’, has been voted the ‘Best Serviced Residence Brand’ in China by readers of Business Traveller China for the third year running. This is the fourth award the Group has received from Business Traveller’s readers polls this year. In September, readers of Business Traveller UK chose the Group as the ‘Best Serviced Residence Company’ in Europe. ‘Ascott The Residence’ was also given the nod then as the ‘Best Serviced Residence Brand’ in Asia Pacific, along with its China property, Ascott Shanghai Pudong, which garnered the ‘Best Serviced Residence’ in Asia Pacific.

Business Traveller magazine is one of the world’s leading travel publications. Launched in the United Kingdom in 1976, it now has 10 different versions including Europe, Asia Pacific and China. Each version polls its readers annually to select the best in the travel industry, covering categories like airlines, airports and hotels.

Mr Gerald Lee, Ascott’s Deputy CEO (Operations), said: “Winning this award in China attests to our brand reputation which we have built over the last ten years in the country. The four accolades by Business Traveller this year also reflect Ascott’s international appeal, not only in China, but across the wider Asia Pacific and Europe. We will continue to build on our brand of hospitality, which is going the extra mile to provide service from the heart, so as to ensure a memorable experience for our guests.”

Mr Ee Chee Hong, Ascott’s CEO (China), said: “This award could not have been more meaningful as it comes at a time when we are adding more serviced residences in China, with six new properties slated to open in Guangzhou, Shanghai, Shenzhen, Suzhou and Tianjin by 2009. With more properties in our portfolio, it will enable us to better serve the needs of our growing international clientele.”

The Group currently maintains about 4,000 serviced apartment units over 20 properties in China. It aims to grow its China portfolio to 10,000 units by 2010.

About The Ascott Group

The Ascott Group is the largest international serviced residence owner-operator outside the United States with close to 14,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as more than 5,500 units which are under development, making a total of over 19,500 units.

The Group operates three brands – Ascott, Somerset and Citadines. Its portfolio spans 53 cities in 23 countries, 11 of which are cities where Ascott's serviced residences are being newly 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 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 World Travel Awards 2007 ‘Australasia’s Leading Hotel’ and ‘New Zealand’s Leading Hotel’, TTG Travel Awards 2007 ‘Best Serviced Residence Operator’, Business Traveller UK Awards 2007 ‘Best Serviced Residence Company’, Business Traveller Asia Pacific 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, 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 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