Ascott's Citadines to open in Vietnam, Malaysia and UAE

Singapore

THE Ascott Limited on Monday said it has secured contracts to manage its first Citadines Apart'hotels in Vietnam, Malaysia and the United Arab Emirates (UAE) by 2018. This comes as the Citadines Apart'hotels portfolio of service residences has more than doubled in size from the time of full acquisition in 2004, the Ascott said in a statement.

The 200-unit Citadines Regency Saigon is slated to open in 2018 in Ho Chi Minh City's District 3, which is near several foreign embassies and the District 1 Central Business District area, where tourist hotspots such as the Reunification Palace, Notre Dame Cathedral and War Remnants Museum are located.