Ascott International opens a 223-unit serviced residence in Suzhou's first integrated lifestyle shopping mall The Emerald City. The new serviced residence, Somerset Emerald City, Suzhou is officially opened this May.
The Emerald City is located in the heart of the Suzhou New District (SND). SND is the national-level industrial development zone situated west of Suzhou.
Somerset Emerald City, Suzhou is designed and managed by Ascott International and funded by investments from Suzhou Magna Property Dev Co. Ltd. This is the second serviced residence by Ascott International in Suzhou after Citadines Suzhou Xinghai, and also its first Somerset brand serviced residence in the city.
Senior Vice President for China Operations of Ascott International, Mr. Richard Ong said: "Suzhou is one of the Chinese cities that attracts the most foreign investment. It is also the largest economy in Jiangsu Province. We're very confident about Suzhou's growth prospects. Prior to Somerset Emerald City, Suzhou, we already have another Citadines property in Suzhou. Business travellers visiting Suzhou, be it the young and trendy or the family oriented, will be able to live their desired lifestyle through the comprehensive range of residential choices offered by Ascott.''
Director for Suzhou Magna Property Dev Co. Ltd Mr. Herman Nagaria, said:
"The Emerald City shopping mall is the first integrated lifestyle retail complex in Suzhou. What we are selling is one-stop convenience and comfort. The Emerald City and Somerset Serviced Residence brands have very similar market positioning, and we'll work hand in hand to deliver greater standards of comfort and convenience to our guests.''
Ascott International is the largest international serviced residence owner-
operator in China. Ascott operates 21 properties with about 4,000 units in Beijing, Dalian, Guangzhou, Shanghai, Shenzhen, Suzhou, Tianjin, Xian and Hong Kong.
The three different brands operated by Ascott International cater to different markets. The Ascott residences are premier serviced residences for top executives, the Somerset residences cater to executives who are looking for family-work life balance. Citadines Apart’ Hotel appeals to travellers who are young at heart and want to stay in the most vibrant part of the city.
About Ascott International
Ascott International is the subsidiary of The Ascott Group. The Group is the world’s largest international serviced residence owner-operator with close to 15,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as about 6,000 units which are under development, making a total of close to 21,000 units.
Ascott International is the largest international serviced residence owner-operator in China. It operates 21 properties with about 4000 units in Beijing, Chongqing, Dalian, Guangzhou, Shanghai, Shenzhen, Suzhou, Tianjin, Xian and Hong Kong.
The Group operates three brands – Ascott, Somerset and Citadines. Its portfolio spans 55 cities in 23 countries, 13 of which are cities where Ascott's serviced residences are being developed.
The Ascott 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 24-year industry track record and serviced residence brands that enjoy recognition worldwide.
The Ascott Group's achievements have been recognised internationally. Recent awards include Business Traveller UK Awards 2007 'Best Serviced Residence Company', Business Traveller Asia Pacific Awards 2007 'Best Serviced Residence Brand' and 'Best Serviced Residence', Business Traveller China Awards 2007 'Best Serviced Residence' and Forbes China 2008 ‘China’s Best Serviced Apartments’. For a full list of awards, please visit http://www.theascottgroup.com/aboutus/awards
The Ascott Group is a wholly-owned subsidiary of CapitaLand Limited, the largest real estate company in Southeast Asia by market capitalisation. Headquartered in Singapore, the multinational company's core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific, Europe and the Gulf Co-operation Council (GCC) countries. The company's real estate and hospitality portfolio spans more than 100 cities in over 20 countries.
For more information on The Ascott Group’s property listings, visit http://www.theascottgroup.com/aboutus/group_directory.html
Contact Us:
Ascott International Management
Level 5, 238 Zhaojiabang Road
Xu Hui District
Shanghai 200031, China
Telephone
(86 21) 5175 8000
Facsimile
(86 21) 6466 9111