Long stay investments

The Ascott brand has come to represent quality luxury serviced residence for the long-term business traveler, and in China, Ascott is aggressively driving its expansion plans where it already has a significant presence in cities such as Beijing, Shanghai, Dalian and Shenyang.

The world's largest international serviced residence owner and operator is looking at expanding its footprint into new cities such as Qingdao and Zhengzhou, according to its area manager for North and Central West China, Darren Cher.

"All of these cities are chosen because of their burgeoning growth and strong attraction for foreign direct investment. With our extensive presence and established track record in China, Ascott is well-positioned to meet the huge demand for premium serviced apartments in these rapidly growing market sectors." Cher says.