Ascott to launch its first serviced residence in Busan

It’s slated to open in 2H15.

CapitaLand today revealed that its wholly-owned serviced residence business unit Ascott has secured a contract to manage its first Citadines Apart’hotel in South Korea. 

The 468-unit Citadines Haeundae Busan will be Ascott’s first serviced residence in Busan and its largest property globally when it opens in the second half of 2015. 

With the addition of Citadines Haeundae Busan, Ascott has grown its Citadines network to 79 properties across 49 cities worldwide.

Citadines Haeundae Busan will be part of an integrated development that also houses retail shops and a cinema 

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