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May 30, 2015 6:43 PM 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 Ascott Limited has a strategic alliance with Vanke. 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 internation...

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, Member of Executive Management Committee and Member of Treasury Committee
Deputy Chairman, Chairman of Executive Committee, Member of Nominating Committee, Member of Executive Resource & Compensation Committee, Chief Executive Officer of CapitaLand Limited and President of CapitaLand Limited
Age: 68
Compensation as of Fiscal Year 2014.

The Ascott Limited Key Developments

Ascott Secures First Citadines Apart'hotel in UAE

The Ascott Limited (Ascott) has secured a contract to manage its first Citadines Apart hotel in the UAE. The management agreement for Citadines Culture Village Dubai was awarded to Ascott by Sheikh Fahad Abdulrahman Abdulaziz Thunayan, president and chairman of Saudi Technical Trading and Contracting Company. The latest project will strengthen Ascott's portfolio in the GCC and Turkey to more than 2,150 apartment units across 14 properties in six countries - Bahrain, Qatar, Oman, Saudi Arabia, the UAE and Turkey.

THE Ascott Limited Secures Contract to Manage its First Citadines Apart'hotels in Vietnam, Malaysia and the United Arab Emirates

THE Ascott Limited announced that it has secured contracts to manage its first Citadines Apart'hotels in Vietnam, Malaysia and the United Arab Emirates by 2018. This comes as the Citadines Apart'hotels portfolio of service residences has more than doubled in size from the time of full acquisition in 2004. The 200-unit Citadines Regency Saigon is slated to open in 2018 in Ho Chi Minh City's District 3, which is near several foreign embassies and the District 1 Central Business District area, where tourist hotspots such as the Reunification Palace, Notre Dame Cathedral and War Remnants Museum are located. The 253-unit Citadines Waterfront Kota Kinabalu, also to open in three years, is a 10-minute drive from the Kota Kinabalu International Airport. This Malaysian city is an industrial and commercial centre of Sabah, Malaysia's second large state and the country's large producer of palm oil and cocoa. Over in the UAE, the 81-unit Citadines Culture Village Dubai will open in 2017 within Culture Village. The retail district, still under construction, is to feature luxury hotels, upscale restaurants, rare-book shops and art and craft galleries.

The Ascott Limited Appoints Shashi Shetty as Director of Sales and Marketing for the GCC Region; to Open Seven Properties Across Saudi Arabia, Oman, and UAE in Two Years

The Ascott Limited has appointed Shashi Shetty as the director of sales and marketing for the GCC region. Shetty's has more than 15 years of experience in the hospitality industry across the region. Her previous roles included group sales and operations manager at the Ramee Group of Hotels and Resorts Dubai, group director sales and marketing, Grand Midwest Hotel Apartments Dubai and sales and marketing director, Fraser Suites Dubai. Ascott is opening seven properties across Saudi Arabia, Oman, and the UAE in the next two years. Globally, The Ascott Limited aims to achieve a target of 40,000 apartment units worldwide by year end, and 80,000 units by 2020. Ascott will continue to expand its presence in key cities in Asia, Europe and the Middle East, exploring new markets with strong potential opportunities for serviced apartments.

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