Ascott accelerates Citadines brand in China via joint venture

By PC Lee / The Edge Singapore | May 9, 2018 10:50 AM SGT
SINGAPORE (May 8): CapitaLand’s serviced residence business unit, The Ascott Limited, is stepping up the expansion of its Citadines brand in China
Ascott will accomplish this through a joint venture with hotel operator Huazhu Hotels Group and its apartment rental subsidiary, CJIA Apartments Group.
The joint venture will focus on growing Citadines in the first-tier Chinese cities of Shanghai, Beijing and Shenzhen for the initial years.
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