Ascott accelerates Citadines brand in China via joint venture

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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