Ascott to manage prime serviced residence
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The Ascott Limited (Ascott) has been given the contract by Katara Hospitality to manage the 200-unit Somerset West Bay Doha. The management contract follows Katara Hospitality’s acquisition of the serviced residence from Barwa Real Estate.
Vincent Wee, Ascott’s Managing Director for India and Gulf Co-operation Council, said: “There is an increasing demand for serviced residences from expatriates and travellers on extended stay in Qatar. We have consistently achieved strong occupancy of over 80% for Somerset West Bay Doha since it opened in 2008 and we recently opened our premier Ascott Doha in November last year.”
Somerset West Bay Doha offers two- and three-bedroom apartments which are fully furnished apartments with dining and living areas and a well-equipped kitchen. In terms of future expansions, Ascott is also slated to open Somerset Panorama Muscat and Sohar Garden Residences in Oman by 2014.
