THE Ascott Limited continues to grow its footprint in China with the announcement that it has secured contracts for five properties across Yinchuan, Changsha, Shenyang and Xi’an.
The 200-unit Citadines Xingqing Yinchuan and 150-unit Somerset Xingqing are located adjacent to each other within an integrated development in east Yinchuan, home to six National Economic and Technological Development Zones. The international airport is 25 minutes away.
Both properties are targeted at different segments, with Citadines designed for the independent traveller and Somerset for families. Facilities include a swimming pool, sauna, gym, playground, lounge, business centre, and meeting areas.
Meanwhile the 164-unit Somerset Riverside Changsha is part of Liuyanghe Enjoytown and a 25-minute drive away from the Changsha Huanghua International Airport. Residents can choose from studios to three-bedroom apartments.
All three properties are earmarked to open in 2018.
Ascott also plans to open its second Shenyang property, the 330-unit Somerset Olympic Centre Shenyang, in 2015. Located in the Hunnan commercial area, the residence offers a range of studios to four-bedroom apartments and the usual facilities.
The fifth Ascott serviced residence in Xi’an, the 156-unit Somerset Xindicheng Xi’an is scheduled to debut in 2016. A mere 30-minute drive from the international airport, the residence is located within a block which houses SOHO apartments. Guests can choose from studios to three-bedroom apartments and enjoy facilities such as a gym, swimming pool, yoga room, steam room, playground, business centre, meeting room, restaurant, and reading lounge.
Kevin Goh, managing director for North Asia, Ascott, said: “Besides deepening our presence in China’s first-tier cities, we are expanding into high-growth cities such as Yinchuan and Changsha.
“As the first international serviced residence operator to enter Yinchuan and Changsha, Ascott will enjoy first-mover advantage to capture the city’s signidicant untapped demand for spacious, secure, and homely accommodation.”
