{"id":1004105769,"date":"2014-10-17T06:23:34","date_gmt":"2014-10-17T14:23:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004105769"},"modified":"2022-12-08T21:11:04","modified_gmt":"2022-12-09T05:11:04","slug":"international-ascott-expands-into-europe-asia","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-ascott-expands-into-europe-asia\/","title":{"rendered":"INTERNATIONAL: Ascott Expands into Europe, Asia"},"content":{"rendered":"<p><i>By Alex Girda, Associate Editor<\/i><\/p>\n<div id=\"attachment_1004105770\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Ascott-Jakarta.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004105770\" data-attachment-id=\"1004105770\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/international-ascott-expands-into-europe-asia\/ascott-jakarta\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Ascott-Jakarta.jpg\" data-orig-size=\"769,659\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Ascott Jakarta\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Ascott Jakarta&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Ascott-Jakarta.jpg?w=769\" class=\"size-medium wp-image-1004105770\" alt=\"Ascott Jakarta\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Ascott-Jakarta.jpg\" width=\"300\" height=\"257\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Ascott-Jakarta.jpg 769w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Ascott-Jakarta.jpg?resize=300,257 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004105770\" class=\"wp-caption-text\">Ascott Jakarta<\/p><\/div>\n<p>The Ascott Ltd. is expanding the network of its serviced residences by adding new facilities in Hangzhou, Hamburg and Jakarta. The company has also completed contracts that would add a second location in Dubai, set to be completed in 2017. This marks expansion on two continents for the CapitaLand-owned serviced residence business unit, with a total of 416 units added to the portfolio in the already-operating Hamburg, Jakarta and Hangzhou facilities.<\/p>\n<p>The newly-opened facility in China, the Citadines Intime City Hangzhou, is the 35<sup>th<\/sup> venue operated by Ascott in the country. The property adds 104 serviced units, cementing the company\u2019s status as the largest owner-operator of serviced residences in the country. Located near the city\u2019s three major business districts, the property offers a range of studio and two-bedroom apartments, and offers amenities such as a gym, caf\u00e9, billiard room, launderette, mini cinema, children area, breakfast lounge, business center and meeting rooms.<\/p>\n<p>The Indonesian facility, the company\u2019s eighth property, Ascott Kuningan Jakarta adds 185 units to the local market, further strengthening Ascott\u2019s position on the continent. The facility offers rates starting from $150 per night until Dec. 30<sup>th<\/sup>. The resident amenity package includes swimming pool, tennis, basketball and badminton courts, a gym, aerobics room, children\u2019s playground, wading pool, terrace, caf\u00e9, and meeting facilities.<\/p>\n<p>Ascott also opened its fourth serviced residence facility in Germany, the Citadines Michel Hamburg. The venue adds 127 units to the German market, joining other existing facilities in Berlin, Munich and Frankfurt. The building is located just 30 minutes away from the Hamburg airport. In-unit features include complimentary Internet access and fully-equipped kitchens with modern appliances: microwave, refrigerator and dishwasher.<\/p>\n<p>In coming years, the operator will add to its Gulf Cooperation Council portfolio with the announced opening of the Ascott Culture Village Dubai. Set for a 2017 opening, this will be the company\u2019s second presence in Dubai and its 12<sup>th<\/sup> in the GCC.<\/p>\n<p>Lee Chee Koon, CEO of Ascott, pointed out in the press statement announcing the expansion, saying that the company is seeing significant growth opportunities across the globe. Mr. Lee also noted Ascott\u2019s Chinese and German market additions, noting that the countries are key growth markets for the Singapore-based entity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ascott Ltd. is expanding the network of its serviced residences by adding new facilities in Hangzhou, Hamburg and Jakarta. <\/p>\n","protected":false},"author":952,"featured_media":1004105770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21742],"tags":[],"class_list":["post-1004105769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>INTERNATIONAL: Ascott Expands into Europe, Asia - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/international-ascott-expands-into-europe-asia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INTERNATIONAL: Ascott Expands into Europe, Asia\" \/>\n<meta property=\"og:description\" content=\"The Ascott Ltd. is expanding the network of its serviced residences by adding new facilities in Hangzhou, Hamburg and Jakarta.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/international-ascott-expands-into-europe-asia\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-17T14:23:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:11:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Ascott-Jakarta.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"769\" \/>\n\t<meta property=\"og:image:height\" content=\"659\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-ascott-expands-into-europe-asia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-ascott-expands-into-europe-asia\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"INTERNATIONAL: Ascott Expands into Europe, Asia\",\"datePublished\":\"2014-10-17T14:23:34+00:00\",\"dateModified\":\"2022-12-09T05:11:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-ascott-expands-into-europe-asia\\\/\"},\"wordCount\":383,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-ascott-expands-into-europe-asia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/10\\\/Ascott-Jakarta.jpg\",\"articleSection\":[\"International\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-ascott-expands-into-europe-asia\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-ascott-expands-into-europe-asia\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-ascott-expands-into-europe-asia\\\/\",\"name\":\"INTERNATIONAL: Ascott Expands into Europe, Asia - 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