Ascott expands its Citadines brand to Jakarta

Serviced apartment operator Ascott Group, a wholly owned subsidiary of CapitaLand, has secured a contract to manage its first Citadines serviced residences in Jakarta.

Citadines Jakarta, located in the central business district of Menteng, will have 120 residence units and is scheduled to open in the second half of 2010.

The group said there are plans to add another 100 units in the future.

Citadines is one of the group’s three brands, along with Ascott and Somerset.

The group said the introduction of Citadines will enable it to capture a broader customer segment of business travellers.

The Ascott Group is the largest international serviced residence owner-operator globally, with around 18,000 operating residence units in Asia Pacific, Europe and the Gulf region.

Source : Channel NewsAsia – 22 Dec 2008

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