Contact Us Join now English English English English 中文 中文 中文 中文 Corporate Information Brands News Franchise Contact Us Corporate Information Brands News Franchise Contact Us Back to Ascott The Residence Back to Ascott The Residence English English English English 中文 中文 中文 中文 With 11,430 units and 73 properties, in 37 cities across 14 countries, Ascott Reit has a presence in regions such as the Americas, Asia Pacific and Europe. Scotts Holdings was listed in 1991. Park Hotel Clarke Quay Singapore… Scotts Holdings merged with Stamford Group, the serviced residence arm of DBS Land to form The Ascott Limited, creating a joint portfolio of more than 1,700 units in eight cities.In 2001, The Ascott Limited was listed following the merger of Somerset Holdings and The Ascott Limited in 2000. Ascott Reit has commenced the strata sale of its 81 units Fortune Garden Apartments (formerly known as Somerset Grand Fortune Garden Property Beijing) as announced in October 2013. Ascott Reit has commenced the strata sale of its 81 units Fortune Garden Apartments (formerly known as Somerset Grand Fortune Garden Property Beijing) as announced in October 2013. From 1984 to 2000, merger and acquisition activities involving real estate and hospitality players in Singapore (Scotts Holdings, The Scotts Holdings, a Singapore corporation with business interests in serviced apartments, shopping centres and property investments, opened Asia Pacific's first international-class serviced residence, The Ascott Singapore on 14 August 1984. Having listed on the Singapore Exchange Securities Trading Limited (SGX-ST) since March 2006, ART’s objective is to invest primarily in income-producing real estate and real estate-related assets which are used or predominantly used as serviced residences, hotels, rental housing properties and other hospitality assets in any country in the world.ART's international portfolio comprises 88 properties with more than 16,000 units in 39 cities across 15 countries in Asia Pacific, Europe and the United States of America as at 31 March 2020.ART's properties are mostly operated under the Ascott The Residence, Somerset, Quest and Citadines brands. It acquired Liang Court Holdings, one of Asia's largest serviced residence operators, to form Somerset Holdings. Advance in your career with our opportunities for hospitality jobs in Singapore, such as the Ascott Management Associate Programme offered by The Ascott Limited. Ascott Reit was established with the goal of investing mainly in real estate – related assets and real estate which are used or essentially used as rental housing properties, serviced residences and other hospitality assets which generates revenue. Ascott Residence Trust (ART) is the largest hospitality trust in Asia Pacific with an asset value of S$7.4 billion as at 31 December 2019. Ascott Reit was established with the goal of investing mainly in real estate – related assets and real estate which are used or essentially used as rental housing properties, serviced residences and other hospitality assets which generates revenue. In 2006, the company established the pan-Asian serviced residence real estate investment trust, the Ascott Residence Trust (Ascott REIT). Ascott's portfolio spans more than 180 cities across over 30 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. In the following year, Ascott acquired a 50 percent stake in Citadines, which made it the largest international serviced residence operator outside of the US. beenhere Best Rate Guarantee Learn more keyboard_arrow_right Ascott's Best Rate Guarantee promises you the lowest publicly available internet rates every time you book directly through any Ascott Website. READ MORE.
Together, these two companies had a combined portfolio of 3,200 serviced residence units in 15 cities. All rights reserved. It acquired Liang Court Holdings, one of Asia's largest serviced residence operators, to form Somerset Holdings. Ascott Raffles Place Singapore is housed within a restored 1950s heritage structure, that was once the tallest building in South East Asia, and features an Art Deco facade - a striking juxtaposition set against the modern Singaporean skyline. The premium serviced residence is well suited for expatriates, business travellers and tourists as it is a few minutes’ walk from Orchard as well as Somerset Mass Rapid Transit stations with easy access to the Central Business District, world-class shopping malls and premium medical facilities.Copyright © 2020 Ascott Residence Trust Management Limited. Scotts Holdings was listed in 1991. The Scotts Holdings, a Singapore corporation with business interests in serviced apartments, shopping centres and property investments, opened Asia Pacific's first international-class serviced residence, The Ascott Singapore on 14 August 1984. The asset size of Ascott Reit has grown to S$5.2 billion, four times the amount since it was listed on the Singapore Exchange Securities Trading Limited (SGX – ST) in March 2006.
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