Ascott expands Citadines brand in Indonesia

CapitaLand’s wholly-owned serviced residence unit, The Ascott Group, has secured a contract to manage its first Citadines-branded serviced residence in Indonesia. On opening in the second half of 2010, the 120-unit Citadines Jakarta will be located in the city’s central Menteng district.
Gerald Lee, Chief Executive Officer of Ascott Hospitality, said; “The introduction of the Citadines brand will enable us to capture a broader customer segment of business travellers. Citadines Jakarta offers good value, great location and flexible services.
The addition of Citadines Jakarta brings Ascotts Indonesia portfolio to 1,462 units in seven properties.

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