28 Sep

Ascott Appoints New Country GM in China

September 28, 2004 - The Ascott Group has appointed Mr. Loh Jen Yuh, Lucas as Country General Manager of its China operations.

Previously Ascott’s vice president for business development & asset management, Mr. Loh will oversee the operational performance of Ascott’s eight serviced residences in China. He will also spearhead the group’s business development in the country, where Ascott plans to grow from 1,600 to 4,000 serviced residence units by 2008.

Mr Cameron Ong, Ascott’s chief executive officer, said: "Since Jen Yuh joined the group in 2001, he has helped Ascott build its presence in North Asia, through identifying business opportunities and forging strategic alliances with various companies. He can now harness his in-depth knowledge of the China market to lead the China team to operational excellence."

Ascott is a leading international serviced residence chain with 13,800 serviced residence units in 40 cities in 17 countries. In China, Ascott operates the 272-unit The Ascott Beijing, 221-unit Somerset Grand Fortune Garden and 100-unit Luxury Serviced Residence in Beijing; 248-unit The Ascott Pudong, 334-unit Somerset Grand Shanghai, 167-unit Somerset Xu Hui in Shanghai; 106-unit Somerset Harbour Court in Dalian and 169-unit Somerset Olympic Tower in Tianjin.

Mr. Loh began his career in 1991 as a valuer at the Inland Revenue Authority of Singapore. From 1996, he was an associate director for private equity investments at Temasek Holdings, involved in sourcing for investment opportunities, conducting feasibility evaluations, due diligence and post-acquisition asset management.

As Ascott’s vice president previously, Mr. Loh was responsible for helping to grow the group’s businesses in North Asia, Middle East and Australia.

Fluent in English and Chinese, Mr. Loh holds a Master of Business Administration from Oklahoma City University, US and a Bachelor of Science in estate management from the National University of Singapore.



Ascott’s Serviced Residences In China 

In Shanghai
The Ascott Pudong -- 248 units, Pudong district

In the heart of Shanghai’s premier business district, the luxury-tier The Ascott Pudong boasts spectacular views of the Huangpu River. It offers one to four-bedroom designer suites and elegant penthouses with facilities such as a business centre, indoor heated pool, gym, indoor tennis court and residents' lounge.

Somerset Grand Shanghai -- 334 units, Luwan district
Located along Huai Hai Zhong Road, the upper-tier serviced residence is in the heart of Shanghai's main business, shopping and dining belt. Facilities include an indoor heated swimming pool and an international kindergarten. Units range from one to three-bedroom suites.

Somerset Xu Hui - 167 units, Xuhui district
Situated in the Xuhui residential estate, the upper-tier serviced residence is close to shopping and entertainment facilities in the Huai Hai Zhong Road and Xujiahui prime business districts. Facilities include a gym, indoor heated pool, lounge and tennis court. It offers spacious one to three-bedroom suites.

In Beijing
The Ascott Beijing -- 272 units, Chaoyang district
The luxury-tier residence in the heart of the city's CBD is close to the China World Trade Centre. It boasts designer fittings and extensive facilities including an indoor glass-roofed pool, fully equipped fitness centre, and business centre. Units range from elegant one-bedroom suites to four-bedroom penthouses.

Somerset Grand Fortune Garden -- 221 units, Chaoyang district
Located in the business area of Chaoyang district, the upper-tier residence is near international schools, embassies and entertainment centres. Facilities include a gym, indoor heated pool and residents' lounge. Units range from one to four-bedroom suites, with private balconies and scenic city views.

Luxury Serviced Residence - 100 units, Chaoyang district
Located in Beijing's prime Chaoyang residential district, the mid-tier residence is near Scitech Plaza and Friendship Store shopping malls, Silk Market, Tiananmen Square, Forbidden City and Jianguomen subway station. Facilities include a gym, sauna, business centre, and lounge. Units range from one to four-bedroom apartments.

In Dalian
Somerset Harbour Court - 106 units, Zhongshan district
Part of the prime Dalian Asia Pacific Finance Centre in the city's CBD, the upper-tier residence is a stroll from Dalian harbour's passenger station and five-minutes’ drive from the railway station. Facilities include a gym, business centre and lounge. Units comprise one and two-bedroom suites.

In Tianjin
Somerset Olympic Tower - 169 units, Heping district
In the heart of Tianjin's prime upmarket shopping area and residential district, the upper-tier Somerset Olympic Tower is close to international schools and the Tianjin railway station. Facilities include an indoor heated pool, gym, and rooftop garden. Units range from one-bedroom suites to four-bedroom penthouses.




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 40 cities in 17 countries. These include London, Paris, Brussels, Berlin and Barcelona in Europe; Singapore, Bangkok, Hanoi, Kuala Lumpur, Tokyo, Seoul, 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 Citadines brand provides 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.



Ms Cinn Tan
Regional Director, China - Sales & Marketing
Ascott International Management, China
E-mail: cinn.tan@the-ascott.com

Ms Tammy Hu
Senior Marketing Manager, China
Ascott International Management
E-mail: tammy.hu@the-ascott.com.cn
Tel: (86-21) 5382 9292
Fax: (86-21) 5382 0908