India: The Ascott has won a contract to manage a 174-unit serviced residence in Gurgaon, near New Delhi.
The Somerset Diplomatic Greens Gurgaon is scheduled to open in
2019, and will be the company's second serviced apartment
development in the city, joining Ascott Ireo City Gurgaon, which
will open in 2017.
The latest deal brings Ascott's footprint in India to more than 1,400 units in eight properties across five cities.
Chief corporate officer Tony Soh said: "Our strategy for India is to expand in high-growth cities where there is significant demand for international-class serviced residences from expatriates, project teams and business travellers," Mr Soh said. "Gurgaon is a fast-developing city where a large number of manufacturing, IT and construction companies are based."