Ascott Increases Presence in Indonesia With First Citadines Apart’hotel in Surabaya
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (the-ascott.com/) (Ascott), has secured a new management contract for its first Citadines Apart’hotel in Surabaya, Indonesia. The 288-unit Citadines Marvell Surabaya is scheduled to open in 2014. This reinforces Ascott’s position as the largest international serviced residence owner-operator in Indonesia, with over 2,100 apartment units across 10 properties.
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