Ascott to debut in Macau
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Ascott has signed a contract with China Overseas Property Limited to manage the first international brand of serviced residence in Macau. The serviced residence, slated to open in 2014, will be named Ascott Paragon Macau, and will become Ascott’s first property in Macau.
“Macau is an important travel destination for mainland Chinese as well as global travellers. With the high rate of growth in China, we expect more expatriates and business travellers to Macau,” said Lim Ming Yan, Ascott’s Chief Executive Officer. “As the first international serviced residence brand in Macau, Ascott Paragon Macau will set the benchmark
and will be well positioned to cater to the demand for quality serviced residences in the market.”
Ascott Paragon Macau will be located in Dynasty District of the Chinese gaming hub, on the waterfront. On completion, it will offer approximately 100 apartments, ranging from studios to one bedroom units, with kitchens. Facilities will include a swimming pool, gymnasium, business centre and residents’ lounge.
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