Ascott Strengthens Its Leadership Position With the Opening of Its Third Citadines in Xi'an
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (http://www.the-ascott.com/) (Ascott), has opened its third Citadines serviced residence in Xi’an. The new 138-unit Citadines Xingqing Palace Xi’an (http://www.citadines.com/china/xian/citadines_xian_xingqing_palace.html) strengthens Ascott’s leadership position as the largest international serviced residence owner-operator in Xi’an and in China. Ascott currently also operates Citadines Central Xi’an (http://www.citadines.com/china/xian/central.html) (162 units) and Citadines Gaoxin Xi’an (http://www.citadines.com/china/xian/gaoxin.html) (251 units) while Somerset Gaoxin Xi’an (233 units) is expected to open in 2013. All four properties are in prime locations...
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