The Ascott Limited(Ascott) has announced plans for its premier Citadines Connect business hotel in Singapore.
Citadines Connect City Centre Singapore will increase Ascott’s total portfolio in Singapore to 17 properties across over 3,100 units, thus cementing its position as the largest serviced residence operator in the country.
Speaking on the news was regional general manager – Singapore, Malaysia and Indonesia, Ascott, Ervin Yeo: “We are on a strong growth trajectory, with our presence in our home market of Singapore expanding by over 60 per cent in the past two years. We have a record opening of four properties this year and another four are expected to open by 2021. This is a testament of Ascott’s well-established reputation and management excellence.
“With the government’s pro-business policies as well as exciting initiatives to rejuvenate the city and attract investors and tourists, we see strong demand for international-class lodging properties. We will further step up Ascott’s presence in Singapore through strategic acquisitions, partnerships, management contracts, franchises and leases,” he added.
Ascott has plans to launch four additional properties in Singapore this year, adding 846 units to the lodging scene. The first amongst the four properties to open is lyf Funan Singapore, followed by Citadines Balestier Singapore and Ji Hotel Orchard Singapore in September, while Citadines Rochor Singapore is slated to open in December.