Ascott To Debut Award-Winning Citadines Brand With Acquisition Of Prime Property On New York's Fifth Avenue


CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has acquired a prime property on New York’s Fifth Avenue. It will invest a total of close to US$50 million (S$68 million) in the property. The operating 125-unit Hotel Central Fifth Avenue New York will undergo renovation in phases to prepare for its rebranding to Citadines Fifth Avenue New York in 2018. 
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