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On 14 August 1984, Scotts Holdings opened The Ascott Singapore, the first international-class serviced residence in the Asia Pacific region. [2] The name “Ascott” was coined by Ameerali Jumabhoy to represent Scotts Road in Singapore [3] (where the first property was located at) and a nod to the famed British races at Ascot, due to the family's association with equestrian sports. [4]
The Ascott Limited, a wholly owned subsidiary of CapitaLand, opened The Ascott Singapore in 1984. In 2006, it established the world's first Pan-Asian serviced residence REIT, Ascott Residence Trust. Today, the company's serviced residence brands include Ascott, Citadines, Oakwood, lyf, Quest, Somerset and The Crest Collection. [38]
In 2006, the Ascott Group eventually bought the building for $109.5 million, recognizing its potential to be conserved and turned into upscale serviced suites. [23] Ascott chose to ride on the building's heritage and refurbish it to provide 146 serviced apartments for business professionals.
In 2004, The Ascott Group sold the entire building to Wheelock Properties (Singapore) (then known as Marco Polo Developments) for S$345 million. [1] but continued to manage the serviced apartments till 31 December 2006. The shopping mall, previously under the management of CapitaLand Retail, was transferred to Wheelock Properties.
WASHINGTON (Reuters) -In its latest jab at Beijing, the U.S. will empower companies like Google and Microsoft to act as gatekeepers worldwide for highly sought-after access to AI chips, two people ...
Fox News host Sean Hannity gives his take on the White House's response to mysterious drone sightings in his opening monologue Monday on "Hannity." SEAN HANNITY: Now, if your government didn't ...
Sahid Group is an Indonesian conglomerate with the hotel industry as its core business, based in Jakarta.The group was founded in 1953 by Sukamdani Sahid Gitosardjono. Under the Sahid Hotels chain, the group operates 11 hotels across Indonesia, [1] plus one hotel in Bukhara, Uzbekista
Members of Donald Trump's presidential transition team are laying the groundwork for the United States to withdraw from the World Health Organization on the first day of his second term, according ...