Ascott Opens Its First Premier Serviced Residence In Doha — Photo by The Ascott Limited

CapitaLand's wholly owned-serviced residence business unit, The Ascott Limited (Ascott), has opened its first premier serviced residence in Qatar, Ascott Doha. With the 229-unit Ascott Doha, Ascott has a network of over 1,000 apartment units across six properties in four countries in the Gulf region. At Ascott Doha, discerning travellers can experience an exclusive and luxurious stay within the elegantly designed apartments, complemented by personalised services and comprehensive recreation and business facilities.

The serviced residence is located in the diplomatic centre of the city and at the north end of the Corniche waterfront promenade, fronting Doha Bay, offering stunning vistas of the Arabian coast and easy access to City Centre Mall, Qatar's best known retail and entertainment spot. Business travellers staying at the property will find themselves a stone's throw away from the Doha Exhibition Centre and a 10-minute drive from the city's business and financial district.

Mr Vincent Wee, Ascott's Managing Director for India and Gulf Cooperation Council (GCC), said: "We see strong demand for serviced residences in Qatar. Qatar, one of the fastest growing economies in the world, continues to attract significant foreign direct investments. It is also a host to major international events such as the 2022 FIFA World Cup. Our first serviced residence in Qatar, Somerset West Bay Doha, has been achieving occupancy of over 80%. Ascott Doha heralds a new benchmark for luxury serviced residences and it is well-positioned to attract the growing number of expatriates and travellers arriving in the city."

"Ascott is a Singapore brand which has gained international repute for its quality properties worldwide and we welcome travellers to experience our new premier Ascott Doha. We will also open our properties in Oman, Somerset Panorama Muscat and Sohar Garden Residences, over the next 24 months. To expand our presence in the GCC, we will continue to establish new partnerships with property owners in Qatar, Bahrain, UAE, Oman and Saudi Arabia," added Mr Wee.

Ideal for guests on relocation, a business or leisure trip, Ascott Doha offers guests a range of spacious studio, one, two and three-bedroom apartments to suit their lifestyle needs. Each apartment comes with a fully-equipped kitchen, en-suite bathrooms, separate dining and living areas as well as modern amenities such as a home entertainment system, complimentary wireless Internet access and iPod docking station.

To relax, guests can choose from an indoor or a rooftop temperature-controlled pool, a fullyequipped gymnasium, jacuzzi, sauna and steam rooms. Ascott Doha also provides business travellers with business centre services, meeting rooms and WiFi access. Guests can purchase groceries at the property's mini-mart and cook within the comfort of their apartment or simply visit the restaurant and café located at Ascott Doha for a satisfying meal.

Besides Ascott Doha and Somerset West Bay Doha, Ascott also manages Ascott Park Place in Dubai and Somerset Al Fateh in Bahrain. To celebrate the opening of Ascott Doha, Ascott is offering special introductory rates from QAR 850 per night. Promotion ends on the 30th December 2012 and is subject to availability. Attractive promotional packages are also available for yearly stays. For reservations and more information on Ascott Doha, please visit http://www.theascott.com/qatar/doha/ascott_doha.html

, call (974) 4497 1234 or emailenquiry.doha@theascott.

com

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.