Ascott clinches serviced apartment management in Kuta, Bali

Singapore, 28 July 2010 – CapitaLand‟s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has expanded its presence into Bali, Indonesia, by clinching a contract to manage a 174-unit serviced residence in Kuta.

To be named Citadines Bali Kuta, the serviced residence will open in 2012.
The contract is awarded by Indonesian developer PT Rudy Indopratama Sejahtera. It increases Ascott‟s presence in Indonesia to over 1,800 serviced apartment units across nine properties in Jakarta, Surabaya and Bali.

Ascott is currently the largest international serviced residence owner-operator in Indonesia.


Mr Lim Ming Yan, Ascott‟s Chief Executive Officer, said: “While the majority of Ascott‟s guests are business travellers and expatriates on extended stay, more leisure travellers are choosing to stay at our serviced residences. Bali is a world famous resort destination and over the years, it has become an increasingly attractive MICE destination. Bali continues to attract a high volume of tourist arrivals each year, which bodes well for our business in this market. With Citadines Bali Kuta, our guests can now enjoy the familiar homely environment in a renowned resort destination. Our Citadines properties are vibrant residences for the independent traveller. By having our Citadines property in lively and trendy Kuta, our guests will be in the heart of all the action in Bali.”


Mr Hartono Tanujaya, President Director of PT Rudy Indopratama Sejahtera, said: “Serviced apartments are becoming more popular as the choice for quality accommodation as they combine the space, comfort, and privacy of a private apartment with services and convenience. By tapping into Ascott‟s 26 years of experience in operating serviced residences, Citadines Bali Kuta will offer the perfect home with resort living experience for global travellers.”