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Ascott

Next year will see the introduction of an Ascott-branded serviced residence in Penang.

In the near future, those visiting the Pearl of the Orient will get to experience an exclusive Ascott-branded lifestyle.

CapitaLand’s wholly-owned lodging business unit, The Ascott Limited (Ascott), has secured a contract to manage its first Ascott-branded serviced residence in Penang.

Ascott was awarded the contract by Plenitude Berhad, a Bursa Malaysia-listed conglomerate, with core interests in property development, property investment and property management. The 250-unit Ascott Gurney Penang is scheduled to open in the last quarter of 2021.

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Artist Impression of Ascott Gurney Penang Facade.

Standing at 37 storeys, the Ascott Gurney Penang is located along the Gurney drive promenade in the UNESCO-World-Cultural-Heritage-Site Georgetown, one of the best-known tourist destinations in Penang.

Guests can look forward to hospitable sensorial and visual experiences at Ascott Gurney Penang which will be exquisitely designed by award-winning Interior Designer, Kian Liew. It features 250 luxury studio apartments and two-bedroom apartments with fully furnished kitchenettes, built-in washers and dryers, averaging 57sqm in size.

The serviced residence management agreement was signed by Elsie Chua, Chairman of Plenitude Berhad, and Ervin Yeo, Ascott’s Regional General Manager for Singapore, Malaysia & Indonesia and VP Strategic Planning. Also present at the signing ceremony were Hashimah Ismail, Director of Plenitude International and Mondi Mecja, Country General Manager of Ascott International Management Malaysia.

2019 marked Ascott’s 20th anniversary in Malaysia, where it is the largest serviced residence owner-operator. With the addition of Ascott Gurney Penang, Ascott will have a total of more than 5,000 serviced apartment units across 25 properties in the country.

This year, Ascott expects to open three new properties namely Ascott Star KLCC and lyf Raja Chulan in Kuala Lumpur as well as Juru Residences in Prai, Penang.

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