Following the successful launch of its Citadines brand in Singapore, CapitaLand’s wholly-owned serviced residence unit, Ascott, will open Japan’s first Citadines-branded serviced residence property in Shinjuku, Tokyo on 1 March. The 160-unit Citadines Tokyo Shinjuku, will be jointly owned by Ascott and
Mitsubishi Estate Co Ltd.
Gerald Lee, CEO of Ascott Hospitality, said; “This new Citadines in Tokyo is our 11th Citadines property to open in Asia since we brought the brand to the region in 2006. We are increasingly getting requests from property owners for our Citadines brand