18 Jun

Ascott Launches Somerset Olympia Serviced Residence In Manila

The Ascott Group has rebranded its 116-unit serviced residence in the heart of Manila's central business district.

Located on Makati Avenue in Makati City, the upper-tier Somerset Olympia serviced residence is near the Philippines Stock Exchange, Citibank Tower, Ayala Shopping Centre, Greenbelt Mall and a 10-minute walk from the Metro railway transit.

Ascott is a leading international serviced residence operator with 13,800 serviced residence units in 39 cities in Europe and Asia Pacific. It is the serviced residence arm of CapitaLand Limited, one of Asia's largest listed property companies.

Following an extensive upgrading programme, the property's stylish studio suites to penthouses now feature contemporary designer furnishings, broadband Internet access, modern home entertainment systems, spacious dining / living areas and fully-equipped kitchens.

Somerset Olympia has also become the first serviced residence in Makati to offer wireless Internet connectivity in the common areas. This allows guests to access the web and e-mail at several times the speed of dial-up connections and without cumbersome cables.

In Manila, Ascott also operates the 138-unit Somerset Millennium in Legaspi Village and 150-unit Somerset Salcedo in Salcedo Village.

Mr Cameron Ong, Ascott's deputy chief executive officer (operations), said: "The rebranding connects Somerset Olympia to an international network of Somerset residences. It can now leverage the strength of the Somerset brand, a market leader in Asia Pacific, and a global sales and marketing network to enlarge its customer base.

"With three upper-tier residences in Manila, Ascott will be able to reap economies of scale and drive cost savings through clustering operations across its properties in the city," he added.

Facilities at Somerset Olympia include a fitness centre, swimming pool, business centre, conference rooms and restaurants. The residence' guest programmes help residents succeed in Makati City by creating opportunities for them to network, integrate with the local community and understand the culture.



About Ascott's Serviced Residences In Manila 

Somerset Millennium - 138 units, Legaspi Village, Makati City
The serviced residence is in the heart of Makati City's business and entertainment district, near Landmark and Glorietta shopping malls, the Pasay Road fine-dining area and international schools. Facilities include a fitness centre, swimming pool, Jacuzzi, business centre services and conference room. Units range from deluxe to two-bedroom suites.

Somerset Salcedo - 150 units, Salcedo Village, Makati City
The serviced residence is a 10-minute drive from the Powerplant shopping and entertainment mall at Rockwell Centre. Makati Avenue, with its fine restaurants and entertainment centres, and the embassies at Salcedo Village are nearby. Facilities include a fitness centre, swimming pool, business centre services and conference room. Units range from studio to three-bedroom suites.



The Ascott Group is a leading international serviced residence company with 13,800 serviced residence units in the key cities of Europe and Asia Pacific.

Ascott's global presence spans 39 cities in 16 countries. These include London, Paris, Brussels, Berlin and Barcelona in Europe; Singapore, Bangkok, Hanoi, Kuala Lumpur, Tokyo, Shanghai and Beijing in Asia; Sydney, Melbourne and Auckland in Australia and New Zealand; and Dubai in the Gulf region.

Through its marketing alliance with Equity Corporate Housing, the group also offers upper-tier serviced apartments throughout the US. Headquartered in Singapore, The Ascott Group pioneered the Asia Pacific's first branded luxury serviced residence in 1984. Today, it boasts a 20-year industry track record and serviced residence brands that enjoy recognition worldwide.

The group's flagship The Ascott luxury serviced residence brand projects an elegant lifestyle appealing to top executives. Its Somerset upper-tier brand offers stylish, contemporary living for senior to upper management executives. The mid-tier Oakford brand in Australia and Citadines brand in Europe provide corporate executives with comfortable city residences.

Recent awards the group has clinched include the Number One position in the 2004 China's Top 100 Serviced Residences ranking for its eight properties in China, 2004 Best Service in Serviced Apartments awards in Hanoi and Ho Chi Minh City, and Best Annual Report and Best Operating and Financial Review awards at Singapore's 2004 Annual Report Awards.

Listed on the mainboard of the Singapore Exchange, Ascott is the serviced residence arm of CapitaLand Limited, one of Asia's largest listed property companies. Headquartered in Singapore, CapitaLand's core businesses in property, hospitality, property services and real estate financial services are focused in gateway cities in Asia, Australia and Europe. The company's hospitality businesses in hotels and serviced residences span more than 60 cities around the world.

For reservations on Ascott properties, call Central Reservations on (65) 6272-7272 or visit www.the-ascott.com.

Lew Yen Ping, Resident Manager, Somerset Olympia
Tel: (63-2) 812 1010 Email: lew.yenping@the-ascott.com

Joanne Golong, Director of Sales and Marketing, Somerset Millennium
Tel: (63-2) 888 0505 Email: golong.joanne@the-ascott.com