November 22, 2014 4:07 AM ET

Real Estate Management and Development

Company Overview of The Ascott Limited

Company Overview

The Ascott Limited operates as a serviced residence owner-operator. It operates a portfolio of serviced residence units in London, Paris, Brussels, Berlin, and Barcelona; Singapore, Bangkok, Hanoi, Kuala Lumpur, Tokyo, Seoul, Shanghai, Beijing, and Hong Kong; Melbourne and Perth, Australia; Bengaluru and Chennai, India; Dubai, Doha, and Manama in the Gulf region; Hangzhou, China; Jakarta, Indonesia; and Hamburg, Germany. The company was formerly known as Scotts Holdings Limited and changed its name to The Ascott Limited in December 1999. The company was incorporated in 1979 and is based in Singapore with a network of offices internationally. The Ascott Limited operates as a subsidiary of Cap...

168 Robinson Road

#30-01 Capital Tower

Singapore,  068912

Singapore

Founded in 1979

Phone:

65 6713 2888

Fax:

65 6713 2121

Key Executives for The Ascott Limited

Chief Executive Officer
Age: 39
President and Director
Age: 70
Chief Financial Officer and Joint Company Secretary
Age: 50
Chief Product & Operations Officer
Deputy Chairman
Age: 68
Compensation as of Fiscal Year 2014.

The Ascott Limited Key Developments

The Ascott Limited Secures Contract to Manage its Citadines Apart'hotel in South Korea

The Ascott Limited (Ascott), has secured a contract to manage its first Citadines Apart'hotel in South Korea. The 468-unit Citadines Haeundae Busan will be Ascott's first serviced residence in Busan and its property globally when it opens in the second half of 2015.

The Ascott Limited to Invest up to AUD 500 Million to Acquire New Properties from Quest Serviced Apartments

CapitaLand's The Ascott Limited has entered into a strategic partnership with Quest Serviced Apartments. Ascott expects to invest up to AUD 500 million (SGD 560 million) to acquire new properties that Quest will secure for its franchise in Australia over the next five years. Ascott will have a right of first refusal to acquire the properties sourced by Quest. Quest will then provide a lease for the properties, which will be operated under franchises using the Quest brand.

The Ascott Opens 3 New Serviced Residences

CAPITALAND'S The Ascott announced that it has opened its first serviced residences in Hangzhou, China, and in Hamburg, Germany. It has also opened its second Ascott-branded serviced residence in Jakarta and secured a management contract for its second Ascott-branded serviced residence in Dubai, due to open in 2017. The 104-unit Citadines Intime City Hangzhou is Ascott's 35th property in China. It is located near the city's three major business districts and is a 25-minute drive from attractions such as the scenic Westlake area and the Hangzhou Xixi National Wetland Park.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 2, 2014
Excel Chinese International Limited
Private Placement
February 27, 2014
Rattha Somerset Whitefield Hospitality Private Limited
 

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