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ASCOTT THAILAND SUCCESSFULLY REACHES GOAL TO RAISE OVER 100K FUNDS FROM ASCOTT CHARITY RUN 2016

10-07-2016 10:34 AM CET | Industry, Real Estate & Construction

Press release from: The Ascott Limited

Singapore, 7 October 2016 – CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), with the support of CapitaLand Hope Foundation (CHF), has recently organised its first Ascott Charity Run in Thailand. The objective of this event is to raise funds for over 500 underprivileged students at the Doi Wiangpha Pittaya School – a remote hill-tribe school in Chiang Rai province.

Ascott Charity Run 2016 was held at the Lumpini Park in Bangkok on 2 October 2016. Besides its residents, management and staff, Ascott helped to promote a healthier community by bringing the locals together to participate in the five-kilometre charity race. Over 600 tickets were sold across 10 of Ascott’s properties in Thailand and 10 leading consumer products brands also joined in supporting the event.

The Doi Wiangpha Pittaya School is a Thai government school located within the Golden Triangle of Northern Thailand. The school provides education to students from kindergarten up to the ninth grade, with about 50 students living within the school premises.

Ascott Thailand has been supporting the Doi Wiangpha Pittaya School since 2014, in collaboration with iCare Thailand Foundation. Each year, volunteers comprising senior management and staff from Ascott and iCare will visit the school to donate funds, refurbish the school’s facilities, arrange a variety of edutainment activities for the students and also visit some of their families in the nearby villages.

Last year, Ascott and CHF organised the first CapitaLand International Volunteer Expedition to the Doi Wiangpha Pittaya School. Close to 50 volunteers from CapitaLand, including staff from Ascott Thailand as well as countries such as China, Malaysia, the Philippines, Singapore and Vietnam joined hands to help upgrade the school’s exterior and refurbish the playground. The volunteers also conducted a specially designed lesson, named the ‘CapitaLand Little Architect Programme’, to enable the students to learn building and construction concepts in a simple and fun way.

In Thailand, Ascott currently operates 10 properties with over 1,800 units in Bangkok and Sri Racha. They are Ascott Sathorn Bangkok, Citadines Sukhumvit 8 Bangkok, Citadines Sukhumvit 11 Bangkok, Citadines Sukhumvit 16 Bangkok, Citadines Sukhumvit 23 Bangkok, Somerset Lake Point Bangkok, Somerset Park Suanplu Bangkok, Somerset Sukhumvit Thonglor Bangkok, Citadines Grand Central Sri Racha and the newly opened Metropole Bangkok. All well-appointed properties are nestled in prime business and entertainment
districts, designed for discerning expatriates, business and leisure travellers. More Ascott properties are slated to open with Somerset Ekamai Bangkok welcoming guests later this year, Citadines North Pattaya in 2017, Citadines Jomtien Beach Pattaya, Somerset Maison Asoke Bangkok and Somerset Harbourview Sri Racha in 2018, and Citadines Central Pattaya and Somerset Wong Amat Beach Pattaya in 2024.

About The Ascott Limited

The Ascott Limited is a Singapore company that has grown to be the world's largest international serviced residence owner-operator. It has over 29,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe and the Middle East, as well as over 17,000 units which are under development, making a total of more than 47,000 units in over 290 properties. The company operates three award-winning brands – Ascott, Citadines and Somerset. Its portfolio spans more than 100 cities across 27 countries.

Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide.

Ascott’s achievements have been recognised internationally. Recent awards include World Travel Awards 2016 for ‘Leading Serviced Apartment Brand’ in Europe and the Middle East; Business Traveller Asia-Pacific Awards 2016 for ‘Best Serviced Residence Brand’; Business Traveller Middle East Awards 2016 for ‘Best Serviced Apartment Company’; Business Traveller UK Awards 2016 for ‘Best Serviced Apartment Company’; TTG China Travel Awards 2016 for ‘Best Serviced Residence Operator in China’; DestinAsian Readers’ Choice Awards 2016 for ‘Best Serviced Residence Brand’; and Business Traveller China Awards 2015 for ‘Best Serviced Residence Brand’ and ‘Best Serviced Residence’. For a full list of awards, please visit http://www.theascottlimited.com/en/aboutus/awards.

Visit www.the-ascott.com for more information and connect with us on social media at www.the-ascott.com/connect.

About CapitaLand Limited

CapitaLand is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia.

CapitaLand’s listed real estate investment trusts are CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.

Visit www.capitaland.com for more information.

The Ascott Limited
168 Robinson Road,
#30-01 Capital Tower,
Singapore 068912

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