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The Ascott Limited (Ascott) has secured a contract to manage its first serviced residence in Xiamen. Set to open late 2012, the 169-unit Citadines Jinshang Road Xiamen becomes the first internationally-branded serviced residence in Xiamen, Fujian Province. This latest addition to Ascott’s portfolio reinforces the company’s leading position as the largest international serviced residence owner-operator in China with more than 8,000 apartment units in 42 properties across 17 cities.
Citadines Jinshang Road Xiamen is strategically located in the heart of Huli District and well-connected to the Xiamen airport and seaport. The serviced residence is next to the Huli government office and close to the Huli Economic Zone and high-tech district which houses 24 Fortune 500 companies. A large Tesco supermarket iswithin walking distance and the nearby ‘bus rapid transit station’ provides quick, easy access to many destinations
in Xiamen.
Once complete, Citadines Jinshang Road Xiamen will offer a range of spacious studio- to three-bedroom apartments catering to the different lifestyle needs of business and leisure travellers. All apartments will come with a fully-equipped kitchen and separate work and sleeping areas. Facilities within the serviced residence will include a gymnasium, business centre, conference room and breakfast lounge.
Mr Chong Kee Hiong, Ascott’s chief executive officer, said: “China is Ascott’s fastest growing market. Besides the key cities, we see potential in other rapidly expanding cities such as Xiamen which is one of five special economic zones in China. As a centre for commerce, international shipping and technological innovation, Xiamen has attracted investment from many multinational corporations such as DELL, Lenovo, Coca-Cola and ABB. Xiamen is both a leading city for trade fairs and tourism. As the first internationally-branded serviced residence in Xiamen, Citadines Jinshang Road Xiamen will be able to seize the opportunities presented by strong demand for quality accommodation.”
Mr Lee Chee Koon, Ascott’s deputy chief executive officer and managing director for north Asia, said: “Ascott has entered Xiamen because we value the potential in the city and its neighbours. Ascott is on track to achieve 12,000 apartment units in China by 2015. Besides expatriates and foreign tourists, an increasing number of domestic business travellers are also staying at our serviced residences. To cement our leading position in China, we will intensify our investments and exploit Ascott’s high profile international branding to secure more management contracts.”
Tatiana is the news co-ordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy. She holds a Bachelor degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
