The Ascott Limited, CapitaLand’s wholly-owned serviced residence business unit, is proud to announce the signing of Somerset Riverside Bangkok and lyf Riverside Bangkok, in partnership with Raimon Land PLC (RML), Thailand’s leader in luxury real estate development, to breach the 5000-unit inventory and 25-property milestones as part of its strategic expansion plan.
Located by the banks of the Chao Phraya River and boasting its own boat pier, both properties will have direct access to the famous river’s plethora of cafes, bars and restaurants offerings such as Asiatique, Lhong 1919, The Jam Factory, IconSiam, and at the same time enjoy easy connection to the Taksin Boat Pier, BTS Skytrain, The Gold Line, and other land transport systems to reach central Bangkok as well as its world-class financial, entertainment and arts districts.
Somerset Riverside Bangkok features 52 stunning guestrooms with intelligently designed living spaces, state-of-the-art in-room amenities, and floor-to-ceiling windows to enhance the spectacular views of the river and the Bangkok skyline, all nestled between the 23rd to 27th floors of the award-winning condominium, The River.
Lyf Riverside Bangkok will offer 71 innovatively designed guestrooms as well as multi-functional social spaces such as ‘Connect’ co-working and lounge zone, a ‘Bond’ social kitchen, a ‘Wash & Hang’ laundromat, an outdoor terrace and ‘Burn’, a semi-outdoor fitness area. The co-living apartments are equipped with comfortable beds, ensuite bathrooms and high-speed complimentary WiFi, all designed for guests to experience more than just shared living, with access to a myriad of community activities, authentic local experiences, as well as exclusive perks and networking opportunities.
Mr. Brian Tan, Country General Manager for Ascott in Thailand & Laos, commented: “We are thrilled to introduce our Somerset and lyf brands to the Chao Phraya River. We look forward to injecting Ascott’s unique brand of hospitality and elevate our guests’ experience with the service we are renowned for. With the addition of these two new properties, Ascott will have 25 serviced residences and hotels in Thailand with a combined inventory of 5,011 units. We look forward to grow our footprint further in this dynamic country, and to help contribute to its recovery from the current downturn.”
Love being rewarded for travelling? Ascott Star Rewards, the world’s first loyalty program in the serviced residence industry offers full flexibility when it comes to earning and redeeming points. Members enjoy privileges including year-long discount up to 15% off Best Flexible Rates, seasonal offers of up to 50 percent discount, property opening specials, birthday discounts of up to 40%, early check-in and late check-out, as well as complimentary airport transfers, room upgrades, and breakfast*.
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For reservations or more information, please contact +66 2 204 4400, 1800 888 272 (Thailand toll-free), E-mail: [email protected] or visit www.the-ascott.com.
About The Ascott Limited
The Ascott Limited is a member of CapitaLand Investment. It is one of the leading international lodging owner-operators with properties across Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Its portfolio of serviced apartment, coliving and hotel brands includes Ascott The Residence, The Crest Collection, Somerset, Quest, Citadines, lyf, Préférence, Vertu, Harris, Citadines Connect, Fox, Yello, Fox Lite and POP!.
About CapitaLand Limited
Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. As at 30 September 2021, CLI had about S$120.8 billion of real estate assets under management, and about S$84.3 billion of real estate funds under management (FUM) held via six listed real estate investment trusts and business trusts, and 30 private funds across the Asia-Pacific, Europe and USA. Its diversified real estate asset classes cover integrated developments, retail, office, lodging and new economy sectors such as business parks, industrial, logistics and data centres.
CLI aims to scale its FUM and fee-related earnings through its full stack of investment management and operating capabilities. As the listed investment management business arm of the CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand’s development arm. Being a part of the well-established CapitaLand ecosystem differentiates CLI from other REIMs.
As part of the CapitaLand Group, CLI places sustainability at the core of what it does. As a responsible real estate company, CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.
Visit http://www.capitalandinvest.com/ for more information.
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