ASCOTT has secured a contract to manage Ascott Raffles City Chengdu, the serviced apartment operator’s third property in the capital of Sichuan province, China.
This follows Ascott’s recent contract wins to manage its first serviced residence in Xiamen, Citadines Jinshang Road Xiamen, and its second property in Wuhan, Somerset Wusheng Wuhan, which are scheduled to open in late 2012 and 2013, respectively.
Lee Chee Koon, Ascott’s deputy CEO & managing director for North Asia, said: “Besides expanding in gateway cities such as Beijing and Shanghai, we also see potential in China’s high-growth cities such as Chengdu, Wuhan and Xiamen. These cities have been attracting investments from multinational and local corporations due to their rapid urbanisation and strong infrastructure. Chengdu, Wuhan and Xiamen are also well-known tourist destinations.”
Located in the heart of Chengdu’s business district along Renmin Nan Road, Ascott Raffles City Chengdu will form part of the Raffles City Chengdu integrated development comprising serviced residences, Grade A offices, luxury apartments and a shopping mall.
When it opens in 2013, Ascott Raffles City Chengdu will offer a total of 296 studio, one-, two- and three-bedroom apartments. Facilities will include an indoor swimming pool, a sauna, spa and gym, a reading lounge, restaurants, a children’s play area, a business centre, and several meeting rooms.
In Chengdu and Wuhan, Ascott currently operates Somerset Riverview Chengdu and Citadines Zhuankou Wuhan. It expects to open Ascott Financial City Chengdu in 2014 (TTG Asia e-Daily, September 2, 2011).
