08 Jun

Ascott Wins 'Best Serviced Residence Brand' Award From Lifestyle + Travel Magazine in Thailand

Singapore, 08 June 2006 – The Ascott Group (Ascott) will be presented this evening with the ‘Best Serviced Residence Brand’ award for its ‘The Ascott’ and ‘Somerset’ brands in Bangkok, Thailand. This inaugural award, to be presented by Lifestyle + Travel magazine, a regional travel publication in Asia and the Middle East, recognises Ascott’s strong branding and excellence in service.

Ascott will be honoured alongside other hospitality heavy weights like InterContinental and Four Seasons at Lifestyle + Travel’s award presentation event in Bangkok.

Mr Cameron Ong, Ascott’s Managing Director and CEO said: “We are honoured to be presented with this inaugural award from Lifestyle + Travel magazine. The ‘Best Serviced Residence Brand’ award is a demonstration of the industry’s confidence in Ascott. Ascott has been operating in Bangkok for close to 10 years, and over the years the Group has been strongly promoting the ‘Heartware’ culture which encourages our employees to deliver service from the heart and go the extra mile for our customers. We will continue to build on this culture which forms the cornerstone of our success.”

Mr Gerard Weller, Ascott’s Managing Director for Indochina said: “Ascott is the largest international serviced residence operator in Thailand and the Group currently operates close to 1,000 units in four properties, and will be adding another 1,300 units by the end of 2008. With strong recognition for ‘The Ascott’ and ‘Somerset’ brands in the marketplace, we’re confident that ‘Citadines’ will be equally popular when we introduce the first property in Bangkok in a few months’ time. Customers from the various segments will be able to find an Ascott residence to suit their needs and enjoy the same distinctive service that is found at all our properties.”

Currently, the Group’s residences in Thailand include The Ascott Sathorn, and three Somerset properties, namely Somerset Lake Point, Somerset Park Suanplu and Somerset Suwan Park View. Another two Somerset properties, Somerset Nusasiri Pattaya and Somerset Grand Sukhumvit will open in 2007 and 2008 respectively. The Group also recently announced four Citadines properties; Citadines Bangkok Sukhumvit Lake, Citadines Bangkok Sukhumvit Asoke, Citadines Bangkok Sukhumvit Boulevard and Citadines Bangkok Sukhumvit Green which will open between the second half of 2006 and the end of 2008.

Lifestyle + Travel magazine has a readership of 50,000 corporate executives and business travellers from Thailand, Hong Kong, Singapore, Malaysia, Cambodia and the Middle East. For more information, visit www.lifestyleandtravel.com .



About The Ascott Group

The Ascott Group is the largest international serviced residence owner-operator, outside the United States, with more than 16,000 serviced residence units in key cities of Asia Pacific, Europe and the Middle East.

The Group operates three brands – The Ascott, Somerset and Citadines in 43 cities in 17 countries. These include London, Paris, Brussels, Berlin and Barcelona in Europe; Singapore, Bangkok, Pattaya, Hanoi, Kuala Lumpur, Tokyo, Seoul, Shanghai, Beijing, Xi’an and Hong Kong in Asia; Sydney, Melbourne and Auckland in Australia / New Zealand as well as Dubai in the Middle East.

The 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 22-year industry track record and serviced residence brands that enjoy recognition worldwide.

The Group’s achievements have been recognised internationally; it has clinched numerous prestigious awards including the ‘Best Serviced Residence Brand’ award by Lifestyle + Travel magazine in Thailand, the ‘Innovative Capital Venture’ award at the 2006 China Hotel Investment Summit, 2006 ‘China’s Top 100 Serviced Apartments’ award, Korea Times’ ‘Best International Serviced Residence Brand’ award, the ‘Highly Commended Deluxe Accommodation’ award at the 2005 Tasmanian Tourism Awards, ‘Best Accommodation’ at the 2005 World Travel Awards, TTG Asia Media’s 2005 ‘Best Serviced Residence Operator’ award, and the Business Traveller Asia Pacific’s 2005 ‘Best Serviced Residence Brand’ and ‘Best Serviced Residence’ awards. For a full list of awards, please visit : https://www.the-ascott.com/aboutus/awards_and_accolades.html?year=2007

Listed on the mainboard of the Singapore Exchange, The Ascott Group is the serviced residence arm of CapitaLand Limited, one of Asia’s largest listed property companies. Headquartered in Singapore, the multinational company's core businesses in property, hospitality and real estate financial services are focused in gateway cities in Asia Pacific, Europe and the Middle East. Its property and hospitality portfolio spans more than 70 cities in 18 countries.

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






Celina Low, Vice President, Corporate Communications

Tel: (65) 6586 0475 

Hp: (65) 9682 5458 

Email: celina.low@the-ascott.com

Joan Tan, Manager, Corporate Communications

Tel: (65) 6586 0474 

Hp: (65) 9743 9503 

Email: joan.tan@the-ascott.com

Lilian Goh, Head, Investor Relations

Tel: (65) 6586 7231  

Hp: (65) 9795 5225  

Email: lilian.goh@the-ascott.com