ASCOTT EXPANDS ITS PRESENCE IN THAILAND WITH NEW PROPERTY OPENING IN EKAMAI

Including Somerset Ekamai Bangkok, Ascott currently has a portfolio of 18 serviced residences with over 3,300 units in Thailand

(TRAVPR.COM) Singapore, 29 May 2017 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), continues to expand its presence in Thailand with the opening of its 11th property – Somerset Ekamai Bangkok. The 262-unit property is in Ekamai, one of Bangkok’s most attractive destinations for locals, expatriates and tourists. With Somerset Ekamai Bangkok, Ascott currently has a portfolio of 18 serviced residences with over 3,300 units across three cities – Bangkok, Sri Racha and Pattaya – in Thailand.

Mr Jean Keijdener, Ascott’s Country General Manager for Thailand, said: “Somerset Ekamai Bangkok is well-located in one of the city’s trendiest districts – Ekamai, which is home to top-notch restaurants, bars, cafes, office buildings, and international schools. The place is also an upscale residential area popular with locals and expatriates working in the Central Business District and Thailand’s Eastern Seaboard, the country’s economic growth engine. Somerset Ekamai Bangkok offers great connectivity to other parts of Bangkok as it is only a few minutes’ walk from Ekamai BTS Skytrain station and a short drive from the Suvarnabhumi and Don Muang International Airports.”

He added: “Guests of Somerset Ekamai Bangkok will have easy access to a wide range of eateries, fashion and F&B outlets at nearby malls such as Gateway Ekamai Shopping Mall, Park Lane Community Mall and Major Cineplex Sukhumvit. With its multiconference centre, alongside its premium serviced apartments, recreational facilities and a restaurant, Somerset Ekamai Bangkok is one of the most ideal venues for business travellers who prefer the convenience of being able to work, live and play under the same roof. It will also appeal to leisure travellers looking for quality accommodation while discovering the interesting places in Bangkok’s hipster enclave.”

Somerset Ekamai Bangkok comprises three modern towers offering 262 studio, one-bedroom, two-bedroom and three-bedroom apartments. Of these 262 apartments, 130 of them are premium serviced apartments, 81 are available for long-stay corporate leasing while 51 single-bedroom apartments are designed to facilitate meetings, discussions and collaboration between rooms.

Guests can take a leisurely dip in the swimming pool, enjoy a relaxing Thai massage at the massage parlour, keep fit at the gymnasium or dine at The Cured Chamber restaurant. For those with children, they can also keep them occupied at the indoor and outdoor playgrounds. Meanwhile, the multiconference room that houses an auditorium room and well-equipped meeting rooms also provide a conducive environment for meetings, seminars and training workshops. Guests can retreat to the comfortable and spacious apartments after a long day of business discussion or exploration of the city.

To celebrate the opening of the property, Somerset Ekamai Bangkok is offering special rates starting from THB 1,300++ per night for single-bedroom apartments and THB 2,800++ per night for premium serviced residence units from now till 31 October 2017.

Besides Somerset Ekamai Bangkok, Ascott is currently managing another 10 properties in Thailand, which include Ascott Sathorn Bangkok, Somerset Lake Point Bangkok, Somerset Park Suanplu Bangkok, Somerset Sukhumvit Thonglor Bangkok, Citadines Sukhumvit 8 Bangkok, Citadines Sukhumvit 11 Bangkok, Citadines Sukhumvit 16 Bangkok, Citadines Sukhumvit 23 Bangkok, Metropole Bangkok, as well as Citadines Grand Central Sri Racha. Another seven properties across the cities of Bangkok, Pattaya and Sri Racha are in the pipeline.

The Ascott Limited is a Singapore company that has grown to be one of the leading international serviced residence owner-operators. It has over 30,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe and the Middle East, as well as over 21,000 units which are under development, making a total of more than 52,000 units in over 300 properties. The company operates three award-winning brands – Ascott, Citadines and Somerset, along with The Crest Collection and lyf. Ascott’s portfolio spans more than 100 cities across 29 countries.

Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide.

Ascott’s achievements have been recognised internationally. Recent awards include DestinAsian Readers’ Choice Awards 2017 for ‘Best Serviced Residence Brand’; TTG China Travel Awards 2017 for ‘Best Serviced Residence Operator in China’; World Travel Awards 2016 for ‘Leading Serviced Apartment Brand’ in Asia, Europe and the Middle East; Business Traveller Asia-Pacific Awards 2016 for ‘Best Serviced Residence Brand’; Business Traveller Middle East Awards 2016 for ‘Best Serviced Apartment Company’; Business Traveller UK Awards 2016 for ‘Best Serviced Apartment Company’ and Business Traveller China Awards 2016 for ‘Best Serviced Residence Brand’. For a full list of awards, please visit www.the-ascott.com/ascottlimited/awards.html.

CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio worth more than S$78 billion as at 31 March 2017, comprising integrated developments, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 130 cities in over 20 countries, the Group focuses on Singapore and China as core markets, while it continues to expand in markets such as Vietnam and Indonesia.

CapitaLand’s competitive advantage is its significant asset base and extensive market network. Coupled with extensive design, development and operational capabilities, the Group develops and manages high-quality real estate products and services. It also has one of the largest investment management businesses in Asia and a stable of five REITs listed in Singapore and Malaysia – CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.

Visit www.capitaland.com for more information.

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