Ascott strengthens foothold in Surabaya

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The Ascott Limited (Ascott), has clinched a management contract for its first Ascott-branded serviced residence in Surabaya. 

The premier Ascott Waterplace Surabaya will offer 181 apartments when it opens in 2014. The 32-storey residence will provide business travellers a choice of one-, two- and three-bedroom apartments, each with a fully-equipped kitchen, separate work and living areas, and their own private lift access in most cases. In addition, residents can enjoy facilities such as two outdoor swimming pools, a gymnasium and residents’ lounge in the property.

The Ascott Waterplace Surabaya will be Ascott’s third property in Surabaya, after Citadines Marvell Surabaya and Somerset Surabaya Hotel & Serviced Residence.

This development reinforces Ascott’s position as the largest international serviced residence owner-operator in Indonesia, with over 2,200 apartment units across 10 properties.

Alfred Ong, Ascott’s Managing Director for Southeast Asia and Australia, said; “Ascott sees tremendous growth potential in Indonesia, Southeast Asia’s largest economy, which attracted a record foreign direct investment of SG$7.2 billion (US$5.8 billion) in the third quarter of 2012. Besides having a strong foothold in Indonesia’s capital of Jakarta, we are expanding our presence in Surabaya with our flagship Ascott brand.”

In addition to Ascott Waterplace Surabaya, the copmany will open Ascott Kuningan Jakarta and Citadines Rasuna Jakarta in 2013, Somerset Kencana Jakarta in 2014 as well as Citadines Marvell Surabaya in 2015.

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