Ascott Set To Open Japan's First Luxury Ascott The Residence

CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), is geared up to open Ascott Marunouchi Tokyo - the first luxury serviced residence in Japan under the premier Ascott The Residence brand on 30 March 2017. Located in the prime Marunouchi-Otemachi area, the exquisite property will offer an exclusive living experience in the country's biggest and most prestigious international financial centre.

Ascott Marunouchi Tokyo is part of an integrated development that also comprises offices and is surrounded by must-go places, from the tranquil Imperial Palace East Gardens to the famous Ginza district which boasts the finest retail and entertainment options, complete with a diverse range of specialty restaurants, cafés and bars. Guests can explore Tokyo with ease as Ascott Marunouchi Tokyo is conveniently connected to Otemachi Station, one of Tokyo's largest subway stations served by five different lines, or journey to other parts of Japan via the Shinkansen bullet train from the nearby Tokyo station.

Mr Tan Lai Seng, Ascott's Regional General Manager for Japan and Korea, said: "Ascott The Residence, our premier brand that has been recognised worldwide with numerous accolades, is home to top business executives, dignitaries as well as industry leaders. Since we started operations in Japan more than 10 years ago, Ascott has built a strong reputation with our Citadines and Somerset brands. Many of our customers have been eagerly anticipating the opening of our first Ascott-branded property in the country."

Mr Tan added: "With Japan's growing economy, Ascott Marunouchi Tokyo's strategic location where many multinational companies and major Japanese banks and companies are based, and its timely opening ahead of the Tokyo 2020 Olympics, we are confident that the serviced residence will be a draw for discerning business and leisure travellers seeking a world class experience and the comforts of home."

At Ascott Marunouchi Tokyo, attentive Ascott Hosts are on hand round the clock to provide guests with personalised services. The urban oasis will feature 130 elegantly designed apartments with premium furnishings, ranging from spacious studios to three-bedroom units that provide a breathtaking view of the city or garden. For a local experience, guests can also choose apartments that come with a Japanese tatami mattress.

Each apartment has separate living and dining areas, a fully-equipped kitchen ^[1] and ensuite bathrooms, making it a perfect space for business executives or travelling friends and family to share and yet have the privacy of individual bedrooms. In addition to the business centre and meeting rooms, facilities such as a swimming pool, gymnasium, roof-top terrace and reading lounge are available for guests to relax and unwind.

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.