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Ascott, the wholly-owned serviced residence business unit of Capital Land, has opened its eighth property in Bangkok.

The 262-unit Somerset Sukhumvit Thonglor is the largest serviced residence in Bangkok’s prime Soi Thonglor district, which is well known amongst expatriates and travellers for the convenience and vibrant international lifestyle it offers.

Alfred Ong, Managing Director for Southeast Asia and Australia, said: “Ascott has built a strong presence in Thailand over the last decade with our three distinct brands – Ascott, Somerset and Citadines – which cater to travellers’ different lifestyles. Our properties in Thailand have been performing well with an average occupancy above 80 per cent.”

He added: “Ascott’s latest serviced residence, Somerset Sukhumvit Thonglor, will offer travellers another international-class accommodation which they can call home. It also reinforces Ascott’s position as the market leader in Thailand, with more than 1,700 apartments in nine properties.”

With Somerset Sukhumvit Thonglor’s strategic location, business and leisure travellers can enjoy a variety of dining, retail and entertainment options. These include some of Bangkok’s most notable restaurants along ´Gourmet Mile´, upmarket malls such as J Avenue and H1, the major Cineplex Ekkamai, as well as trendy nightspots which are located across the entire Thonglor district. Long-stay travellers with children will welcome the added advantage of being close to established international schools such as the American School of Bangkok and Singapore International School of Bangkok.

Furthermore, Somerset Sukhumvit Thonglor has excellent transport links. Its proximity to the Thonglor Skytrain Station provides travellers easy access to  he main financial and business districts in the Sukhumvit-Thonglor area, as well as various attractions and landmarks in the city.

Somerset Sukhumvit Thonglor offers a range of apartment types from studios to one and two-bedroom units, enabling travellers to choose an ideal residence for their lifestyle. The stylish apartments come with contemporary décor, modern fittings, a fully-equipped kitchen, home entertainment system and wireless internet access. Travellers can enjoy a leisurely swim in the property’s pool, work out in the gymnasium, relax at the jacuzzi or discover Bangkok through residents’ programmes.

The serviced residence also offers a pool and indoor playroom for children. In addition, executives will find the extensive business facilities and support indispensable.

To celebrate the opening of Somerset Sukhumvit Thonglor, Ascott is offering promotional rates from THB2,000++ per night for daily stays, and from THB50,000++ per month for extended stays.

Ascott is the world´s largest international serviced residence owner-operator with more than 19,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as around 6,000 units which are under development, making a total of 25,000.

The company operates three brands – Ascott, Somerset and Citadines. Its portfolio spans 67 cities in 22 countries, 11 of which are new cities in Ascott´s portfolio where its serviced residences are being developed.

In Thailand, besides Somerset Sukhumvit Thonglor, Ascott operates seven other properties in Bangkok, namely Ascott Sathorn Bangkok; Somerset Lake Point; Somerset Park Suanplu; Citadines Bangkok Sukhumvit 8; Citadines Bangkok Sukhumvit 11; Citadines Bangkok Sukhumvit 16 and Citadines Bangkok Sukhumvit 23