Press release
Ascott Opens Its First Serviced Residence In Cambodia
The serviced residence provides unparalleled conveniences to travellers and expatriates who value a balanced lifestyle in the heart of the capital Phnom Penh, as the property is within minutes' drive from an array of amenities such as the AEON shopping mall, international schools, conference and exhibition centres, embassies, premium offices, Jet’s Container night market, and the entertainment complex NAGA World.
Ms Lew Yen Ping, Ascott’s Country General Manager for Vietnam who oversees the company’s expansion in Cambodia, Myanmar and Laos, said: “Ascott has built a strong brand reputation and expertise in managing world-class serviced residences over the last 30 years. We expect significant demand for our first property in Cambodia, CASA Meridian Residence, as it is the first international-standard serviced residence in the country’s capital and economic hub Phnom Penh. In addition, Cambodia has achieved sustained economic progress and strong international tourist arrivals. Ascott will be able to leverage first-mover advantage as we open our second property in the city – Somerset Norodom Phnom Penh in 2018. CASA Meridian Residence will provide corporate travellers, expatriates and their families a balanced living experience, the comfort of home and Ascott’s signature hospitality by our well-trained team.”
Ms Lew added: “With our entry into Cambodia, Ascott is now present in nine out of 10 countries in ASEAN, giving us a strong foothold in the region. ASEAN member states recently signed pacts to boost transport links to make it easier for cross-border travel. With greater connectivity, business activities and investment are expected to increase, driving demand for serviced residences. We will continue to explore opportunities to grow Ascott’s presence in Cambodia and other ASEAN markets to reap benefits from greater economies of scale and expand our network of properties for customers.”
CASA Meridian Residence provides a wide selection of apartments between levels 22 and 34 across two towers. These range from cleverly designed studio apartments ideal for single executives travelling for business, to sleek and modern one-, two- or three-bedroom apartments that can comfortably accommodate up to six persons. Every apartment features contemporary furnishings, well-defined living and dining areas, as well as fully-equipped kitchen. Residents can also enjoy a comprehensive range of lifestyle facilities including an infinity swimming pool, children’s wading pool, jacuzzi, indoor playroom, yoga room, sauna, club house, and fully-equipped gymnasium as well as business support amenities such as a conference room, meeting room, and serviced offices for rental.
To celebrate the opening of CASA Meridian Residence, Ascott is offering special introductory rates starting from USD 1,150+ per month from now until 31 December 2017. For reservations, or more information, please visit www.the-ascott.com, call +855-23-972888 or email enquiry.phnompenh@the-ascott.com.
About The Ascott Limited
The Ascott Limited is a Singapore company that has grown to be one of the leading international serviced residence owner-operators. It has over 43,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe and the Middle East, as well as over 26,000 units which are under development, making a total of close to 70,000 units in over 500 properties. The company’s brands include Ascott, Citadines, Somerset, Quest, The Crest Collection, and lyf. Ascott’s portfolio spans more than 120 cities across over 30 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 2017 for ‘Leading Serviced Apartment Brand’ in Asia, Europe and the Middle East; DestinAsian Readers’ Choice Awards 2017 for ‘Best Serviced Residence Brand’; TTG China Travel Awards 2017 for ‘Best Serviced Residence Operator in China’; Business Traveller Asia-Pacific Awards 2017 for ‘Best Serviced Residence Brand’; Business Traveller UK Awards 2017 for ‘Best Serviced Apartment Company’; Business Traveller Middle East Awards 2016 for ‘Best Serviced Apartment Company’; and Business Traveller China Awards 2016 for ‘Best Serviced Residence Brand’. For a full list of awards, please visit www.the-ascott.com/ascottlimited/awards.html.
About CapitaLand Limited
CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio worth more than S$80 billion as at 30 June 2017, comprising integrated developments, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 150 cities in over 30 countries, the Group focuses on Singapore and China as core markets, while it continues to expand in markets such as Vietnam and Indonesia.
CapitaLand’s competitive advantage is its significant asset base and extensive market network. Coupled with extensive design, development and operational capabilities, the Group develops and manages high-quality real estate products and services. It also has one of the largest investment management businesses in Asia and a stable of five REITs listed in Singapore and Malaysia – 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.
168 Robinson Road, #30-01 Capital Tower
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ascott Opens Its First Serviced Residence In Cambodia here
News-ID: 804098 • Views: …
More Releases from The Ascott Limited
Ascott opens prestigious La Clef Champs-Elysées Paris as part of The Crest Coll …
Serviced residence offers discerning travellers extraordinary experiences with a sense of home in a building steeped in history, with distinct Haussmann-era architecture, elegant interiors and signature fragrance lounge
Singapore, 7 February 2019 – CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), has opened La Clef Champs-Élysées Paris in France, its third property under The Crest Collection – a prized selection of some of Ascott’s most prestigious and unique luxury…
ASCOTT ACCELERATES GROWTH OF CITADINES BRAND IN CHINA THROUGH JOINT VENTURE WITH …
Manachise joint venture targets to sign 16,000 units under Citadines in China by 2025
Singapore, 8 May 2018 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), is stepping up the expansion of its Citadines brand in China through a joint venture with one of China’s leading hotel operators Huazhu Hotels Group (Huazhu) and Huazhu’s subsidiary and an apartment rental firm, CJIA Apartments Group (CJIA). Listed on Nasdaq…
ASCOTT TIES UP WITH LEADING DEVELOPERS IN CHINA, JAPAN AND THAILAND TO BOOST PIP …
Portfolio expansion gathers momentum with more than 5,000 units added within first quarter of 2018, over 300% increase year-on-year
SINGAPORE - April 9th, 2018 - CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), is accelerating its expansion in Asia by forging strategic partnerships with leading developers in China, Japan and Thailand to manage apartments currently under development as well as future projects by these companies.
In China, Ascott has…
Ascott targets to double its global portfolio to 160,000 units in five years
Singapore, 29 January 2018 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), is ramping up its expansion with a target to double its portfolio to 160,000 units globally by 2023. Hot on the heels of its recent signing of nine management contracts in China, Ascott has clinched contracts to manage another four properties with 1,200 units in new cities such as Malacca in Malaysia and Davao…
More Releases for Residence
Child Benefits with Foreign Residence but with Domestic Income
Does a taxpayer residing abroad earning domestic income from business operations or from renting and leasing a domestic property entitle him to receive child benefits? The Federal Fiscal Court answered this fascinating question on March 23, 2021.
Parents Living Abroad with Domestic Rental Income
The plaintiff, the mother of a daughter, leased out a hotel and generated commercial income from it in October 2015. In May 2016, she deregistered with the municipality…
Zee Dee Touch Finalized Works in Graham Residence
Zee Dee Touch is a premier kitchen and bathroom remodeling company that has just shared some great news with all its present and prospective clients. After only a month of performing renovation works in Graham Residence in Sterling VA the works are brought to an end in most satisfactorily. The owners are more than thrilled with the final results and looks of their kitchen and bathroom.
Kitchen remodeling in Newington VA…
The Residence Bintan opens February 2018
September, 2018: Having established hugely successful properties in the Indian Ocean and North Africa, 2018, will see the Cenizaro group make their first foray into Indonesia with an exciting new opening in Bintan. Located on the east coast of Bintan Island, a short boat-ride from Singapore, The Residence Bintan will open in Winter 2018 amongst lush tropical greenery and breath-taking views of the South China Sea. The hotel will be…
Living Family Residence With New Park Living
Address: 9430 Park Crossing
Montgomery, AL 36117
Phone: 334.215.9215
New Park Living is plotted in about 1,400 acres of area. It is newly and well developed community near to Montgomery. It is located between the Taylor and Ray Thorington roads. This master planned community not include single living family residence but also built commercial or retail sites where interested investors can either open their shop or office. New Park Living is the place…
Andaz Wall Street welcomes first accountant in residence
Accountant Will Reside at Andaz Wall Street During Tax Season and Offer Tax-Filing Services to Guests Free of Charge
NEW YORK, NY (March 20, 2012) - Andaz Wall Street, the only hotel on Wall Street, launches their Accountant in Residence series where certified public accountant Marc Albaum will reside in the hotel and file taxes for hotel guests free of charge from April 8-15, 2012. The Accountant in Residence program aims…
A Residence in Tuscany for Christmas Holidays
Tuscany is an amazing region all the year round and thousands visitors go there for enjoy the beautiful landscape, its green rolling hills, the delicious food and wines.
By the way, not many people know that in Wintertime, Tuscany becomes even more beautiful and charming, offering breathless views of large fields covered with snow and ancient streets colored by Christmas lights.
This winter, it would be original and different spending some…
