SR China Hong Kong Hotel Pravo Superior Room — Photo by Ascott Celebrates The Successful Grand Opening Of Hotel Pravo Hong Kong
SR China Hong Kong Hotel Pravo Pre Suite Living — Photo by Ascott Celebrates The Successful Grand Opening Of Hotel Pravo Hong Kong

Hong Kong – CapitaLand's wholly-owned serviced residence business unit, The Ascott
Limited (Ascott), celebrates the successful grand opening of Hotel Pravo Hong Kong on 1 December 2015. Media, dignitaries and business executives gathered at the roof top garden to celebrate the occasion while enjoying the magnificent night view of Victoria Harbour.

Since its soft opening in June 2015, Hotel Pravo has been offering business and leisure travellers the ultimate stylish retreat at the heart of the bustling Tsim Sha Tsui. In the past few months since its soft opening, the 92-unit Hotel Pravo achieved 100% occupancy on numerous nights.

Mr Vincent Ting, Ascott's Senior Vice President for Corporate Operations, North Asia, said: "As the world's
largest international serviced residence owner-operator, Ascott continues to inspire and excite with the
newest Hotel Pravo. It provides a new choice for travellers seeking design-centric boutique hotels at an
affordable price, and a diverse range of options to suit their lifestyles besides the other three properties we're operating in Hongkong, Citadines Ashley, Somerset Victoria Park and The Mercer.

"As Hong Kong is a key gateway city in Asia for foreign direct investments where many Fortune 500
companies and global corporations are based, we continue to see the potential for Ascott to grow our
presence in Hong Kong, and expect strong demand for world-class accommodation from expatriates and
travellers." Mr. Ting concluded.

Tasteful design for the cosmopolitan traveler
Befitting the glamorous location, the hotel entrance off Ashley Road leads guests into the lobby, a dark
marble clad cocoon with chrome trim. An interactive light projection on the floor changes according to the
traffic along the lobby. The reception desk appears suspended and is finished with ribbed chrome and
recessed lighting that changes color from day to night, forming a focal point for the lobby.
Guests can choose from 92 units ranging from deluxe rooms to premier suites, with five sleek-and-chic
interior design theme options, as well as an amazing view of the city from a private balcony and the
presidential suite even comes equipped with a Jaccuzi.

Redefining modern luxury with value-added facilities Besides spacious living areas and bathrooms equipped with Chopard toiletries, Hotel Pravo also provides a handy smartphone in each room for the modern traveller wishing to stay connected on the go during their travels. This complimentary mobile phone device, available for guests to take out during their trip in Hong Kong, is 3G-enabledand allows guests to dial free local and IDD calls to 10 countries (Australia, Canada, China, France, Germany, Japan, Singapore, Taiwan, UK and USA) throughout their stay. In addition, the hotel is equipped with fitness facilities, complimentary high-speed WiFi, daily housekeeping services and 24-hour security. Every element of the units – from the fixtures and materials to the top-brand appliances – has been selected with an attention to detail, design and functionality.

Strategic location at the heart of Hong Kong's city centre Hotel Pravo is situated right next to the beautiful Victoria Harbour, T Galleria, Duty Free, SOGO and iSquare shopping malls. Surrounded by restaurants serving a variety of international cuisines, the property is less than a five-minute walk from Tsim Sha Tsui MTR Station and only a few steps away from the Hong Kong Star Ferry Terminal, making it an ideal base to explore all that the vibrant city has to offer.

Winter Promotion
To celebrate Hong Kong WinterFest 2015, Hotel Pravo is now offering promotional rates starting from
HK$880 per night for stays from now till 1 January 2016. Enjoy complimentary upgrade from standard room to superior room when booking direct on Ascott's website. For more information and reservations, please visit: www.ascottchina.com. Make bookings on Ascott's website for Best Rate Guarantee and sign up as an Ascott Online Advantage member to enjoy an additional 10% off.

CapitaLand in China

CapitaLand is one of Asia's largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand entered China in 1994 and has grown to become one of the leading foreign developers. Over a development period of over 20 years, its real estate portfolio comprises about 160 projects in 48 Chinese cities. CapitaLand established a track record of developing about 22 million square metres of floor area, and currently owns or manages over RMB 200 billion worth of assets in China. To keep pace with China's urbanisation, CapitaLand continuously innovates its real estate products and services, and implements its integrated development strategy. CapitaLand is committed to realise the sustainable development of society, enterprises and individuals, and grow together with China. For more information, please visit www.capitaland.com.cn

About The Ascott Limited

Since pioneering Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984, Ascott has grown to be a trusted hospitality company with more than 940 properties globally. Headquartered in Singapore, Ascott's presence extends across more than 220 cities in over 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.

Ascott's diversified accommodation offerings span serviced residences, co-living properties, hotels and independent senior living apartments, as well as student accommodation and rental housing. Its award-winning hospitality brands include Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Preference, Fox, Harris, POP!, Vertu and Yello; and it has a brand partnership with Domitys. Through Ascott Star Rewards (ASR), Ascott's loyalty programme, members enjoy exclusive privileges and offers at participating properties.

A wholly owned business unit of CapitaLand Investment Limited, Ascott is a leading vertically-integrated lodging operator. Harnessing its extensive network of third-party owners and in-market expertise, Ascott grows fee-related earnings through its hospitality management and investment management capabilities. Ascott also expands its funds under management by growing its sponsored CapitaLand Ascott Trust and private funds.

For more information on Ascott's industry record of 40 years and its sustainability programme, please visit www.discoverasr.com/the-ascott-limited. Connect with us on Facebook, Instagram, TikTok and LinkedIn.

About CapitaLand Investment Limited

Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. As at 30 September 2023, CLI had S$133 billion of real estate assets under management, and S$90 billion of real estate funds under management (FUM) held via six listed real estate investment trusts and business trusts, and more than 30 private vehicles across Asia Pacific, Europe and USA. Its diversified real estate asset classes cover retail, office, lodging, business parks, industrial, logistics and data centres.

CLI aims to scale its FUM and fee-related earnings through fund management, lodging management and its full stack of operating capabilities, and maintain effective capital management. As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand's development arm.

As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for scope 1 and 2 by 2050. CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.

Visit http://www.capitalandinvest.com/ for more information.

Inasa Yick
Assistant Marketing Manager, Ascott China
(852) 2922 9925
The Ascott Limited