Ascott Secures Its First Serviced Residence in Xiamen
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (the-ascott.com/) (Ascott), has secured a contract to manage its first serviced residence in Xiamen. Slated to open in late 2012, the 169-unit Citadines Jinshang Road Xiamen is the first international branded serviced residence in Xiamen, Fujian Province. The latest addition has reinforced Ascott’s leadership position as the largest international serviced residence owner-operator in China with more than 8,000 apartment units in 42 properties across 17 cities.
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