Ascott Enters Oman With New Somerset Serviced Residence in Muscat
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (http://www.the-ascott.com/) (Ascott), has expanded into a new country, Oman, by securing a management contract for a 220-unit serviced residence in Muscat, Oman’s capital. To be named Somerset Panorama Muscat (http://www.somerset.com/ko/oman/musca/somerset_panorama_muscat.html), the serviced residence is scheduled to open in 2014.
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