Ascott Opens Its First Boutique-style Luxury Residence in France

Citadines Suites Louvre Paris offers contemporary chic Parisian living

. April 16, 2013

Melbourne, Australia - April 16, 2013 - CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has opened Citadines Suites Louvre Paris, its first property under the Suites label in the heart of Paris.

Citadines Suites is a new label under Singapore-based Ascott's Citadines brand that complements its existing Citadines Prestige and Citadines Apart'hotel labels. Designed as a boutique-style luxury residence, Citadines Suites provides an exceptional location and intimate ambience, personalised services, quality facilities, and optimum comfort for guests away from home.

Through a significant €5.9 million investment, the property had undergone an extensive nine-month transformation into a stunning serviced residence with 51 luxurious apartment suites, while preserving the historic building's unique European features.

Mr Tan Choon Kwang, Ascott's Managing Director for Europe, said: “We are proud and excited to open our first property under the Citadines Suites label. Our Citadines brand pioneered the serviced residence industry in France in 1984 and has established a strong reputation. The creation of Citadines Suites complements our Ascott brand and Citadines Apart'hotel and Prestige labels in Europe, giving travellers more options. Citadines Suites offers luxurious accommodation for discerning business and leisure travellers by providing a unique environment and memorable experience through personalised and seamless services.”

About Citadines Suites Louvre Paris

Citadines Suites Louvre Paris is located in one of the most elegant areas of Paris that is ideal for business and leisure trips. The serviced residence adjoins the Palais Royal and Comedie Française Theatre and is just a stone's throw away from the Louvre museum and Opera Garnier House. It is within walking distance from many of the city's leading attractions, a wide variety of restaurants, top-end boutiques and antique shops, and is equally close to the business district, Paris Stock Exchange and government offices.

Dating back to 1908, the seven-storey building has a striking Art Nouveau stone façade adorned with classic Parisian balconies, sculptures and colonnades. The stylish and exquisite interior decor, which is meticulously designed to perfection by leading British designer BuckleyGrayYeoman, is enhanced by fine quality furnishings and amenities. There are four suite categories: Première, Exclusive, Grande and Royale. All Exclusive and Royale suites have a balcony that offers unsurpassed views of the Comedie Française Theatre or Louvre museum.

The fully-equipped kitchen in every suite comes with bone china dinnerware, a Nespresso® coffee machine, washing machine and dryer. There is also a special welcome set which includes coffee and tea capsules, mineral water, L'Occitane® bath and shower products, bathrobes and bedroom slippers. Each apartment has an iPad® / iPod® / iPhone® docking station and complimentary WiFi is available throughout the serviced residence.

Besides an extensive range of services, guests are welcomed on arrival by a dedicated team of Citadines Suites Hosts who will be on hand 24-hours a day to assist with their requests. Guests can also enjoy extensive facilities including a gymnasium, chic lounge, avant-garde breakfast room that comes with sofas and low tables, and a high-tech business corner with a 27” iMac® and an AirPrint® printer.

As with all new properties in Ascott's global portfolio, Citadines Suites Louvre Paris has been built to be a sustainable residence that is both comfortable and resource and energy efficient. The property's environment-friendly features include low-consumption air-conditioning and heating, energy-saving / motion-detecting LED lighting, regulating valves to limit water consumption, and waste-sorting facilities for recycling in every kitchen.

To celebrate the opening of Citadines Suites Louvre Paris, Ascott is offering a launch rate from €295 for a Première Suite until 31 May 2013. The promotional daily rate includes breakfast and one limousine transfer from the airport or railway station for bookings of three nights and more.

In addition, guests can choose from a variety of exclusive packages to customise their experience. These range from “Chef at Home”, a meal cooked in the guest's apartment by a French chef, to “Louvre Museum”, a private tour of the world-famous museum with an English-speaking guide, and “Honeymoon”, which consists of welcome treats for honeymooners and a romantic tour of Paris.

For reservations and detailed information about rates and packages, visit www.citadines.com.

About The Ascott Limited

The Ascott Limited is a Singapore company that has grown to be the world's largest international serviced residence owner-operator. It has more than 22,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as over 8,000 units which are under development, making a total of more than 31,000 units in over 200 properties.

The company operates three brands - Ascott, Citadines and Somerset. Its portfolio spans over 70 cities across more than 20 countries, 14 of which are new cities in Ascott's portfolio where its serviced residences are being developed.

Ascott, a wholly-owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. In 2006, it established the world's first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, the company boasts a 29-year industry track record and award-winning serviced residence brands that enjoy recognition worldwide.

Ascott's achievements have been recognised internationally. Recent awards include DestinAsian Readers' Choice Awards 2013 for 'Best Serviced Apartment/Residence Operator', TTG Travel Awards 2012 for 'Best Serviced Residence Operator', TTG China Travel Awards 2012 for 'Best Serviced Residence Operator in China', Business Traveller Asia-Pacific Awards 2012 for 'Best Serviced Residence Brand' and 'Best Serviced Residence in Asia-Pacific', and Business Traveller UK Awards 2012 for 'Best Serviced Apartment Company'.

Visit www.the-ascott.com for more information and connect with us on social media at www.the-ascott.com/connect.

About CapitaLand Limited

CapitaLand is one of Asia's largest real estate companies. Headquartered and listed in Singapore, the company's businesses in real estate and real estate fund management are focused on its core markets of Singapore and China.

The company's diversified real estate portfolio primarily includes homes, offices, shopping malls, serviced residences and mixed developments. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand leverages its significant asset base, real estate domain knowledge, product design and development capabilities, active capital management strategies and extensive market network to develop real estate products and services in its markets.

The listed entities of the CapitaLand Group include Australand, CapitaMalls Asia, Ascott Residence Trust, CapitaCommercial Trust, CapitaMall Trust, CapitaMalls Malaysia Trust, CapitaRetail China Trust and Quill Capita Trust.

Issued by: The Ascott Limited Website: www.the-ascott.com 8 Shenton Way, #13-01, Singapore 068811

For more information, please contact:

Lynda Buckley / Progressive PR / [email protected] / #0439639139

Business Contact:

lynda buckley
T: 61439639139
E: [email protected]

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