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Ascott to open first Citadines serviced residence in US

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Ascott will renovate the operating 125-unit Hotel Central Fifth Avenue New York at 15 West 45th Street and rebrand it as Citadines Fifth Avenue New York in 2018.

Singapore

THE Ascott Limited, property developer CapitaLand's wholly owned serviced residence arm, has bought a property on New York's Fifth Avenue and plans to invest "close to" US$50 million in it, CapitaLand said in a Singapore Exchange filing on Friday morning.

Ascott will

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