Ascott to launch its first serviced residence in Bali, Indonesia

The Ascott, CapitaLand’s wholly-owned serviced residence business unit, has expanded its presence into Bali, Indonesia.

It has won a contract from Indonesian developer PT Rudy Indopratama Sejahtera to manage a 174-unit serviced residence in Kuta, to be called Citadines Bali Kuta.

The new serviced residence, which is targeted to open in 2012, will be located on the main arterial road of Jalan Raya Kuta, close to major shopping, dining and entertainment outlets.

The 5-storey residence will comprise studio, one- and two-bedroom apartment units. Facilities include a gymnasium, spa, swimming pool and restaurant.

The serviced residence increases Ascott’s presence in Indonesia to over 1,800 serviced apartment units across nine properties in Jakarta, Surabaya and Bali.

Mr Lim Ming Yan, Ascott’s chief executive officer, said: “While the majority of Ascott’s guests are business travellers and expatriates on extended stay, more leisure travellers are choosing to stay at our serviced residences.

“Bali is a world famous resort destination and over the years, it has become an increasingly attractive MICE destination. Bali continues to attract a high volume of tourist arrivals each year, which bodes well for our business in this market.”

Besides Citadines Bali Kuta, Ascott will open its first Citadines property in Indonesia, Citadines Jakarta Quartier, later this year; Citadines Jakarta Rasuna in 2011 and Ascott Kuningan Jakarta in 2012.

Source : Channel NewsAsia – 28 Jul 2010

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