Ascott, the Singapore-based serviced apartment operator, has expanded its portfolio in China with the introduction of new properties in Beijing and Shanghai.
The company has signed management deals for three new hotels in the two cities, including the 162-unit Ascott Beijing, the 142-unit Citadines Jinxiu Shanghai and the 154-unit Citadines Putuo Shanghai. And Ascott has also secured a contract for the 125-unit Citadines Gugeng Dalian, meaning the company has now added a total of 583 new serviced apartments to its Chinese inventory.
Ascott Beijing will open its doors in 2016, taking the company’s citywide portfolio to 11 properties, while Citadines Jinxiu Shanghai and Citadines Putuo Shanghai are both scheduled to launch in 2019, becoming the sixth and seventh properties in the company’s Shanghai collection. Citadines Gugeng Dalian meanwhile, will debut in 2016, joining two Somerset-branded properties in the north-eastern port city.
Ascott is currently largest international serviced residence operator in China, with more than 14,300 units in 80 properties across 24 cities.