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Ascott targets 2,000 units under new Tujia Somerset brand by the end of 2016
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Mindy Tan
Published Fri, Mar 18, 2016 · 09:50 PM
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Singapore
CAPITALAND'S wholly owned Ascott Limited is targeting 2,000 units under its newly unveiled Tujia Somerset brand of serviced residences catering to middle- class travellers in China.
Ascott's joint-venture company with Tujia.com International, China's largest online apartment sharing platform equivalent to Airbnb, has sealed contracts to manage six serviced residences to be operated under the Tujia Somerset brand, giving a significant boost of 1,005 units to Ascott's portfolio in China.
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