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THE ASCOTT LIMITED THAILAND REACHES 5000-UNIT MILESTONE WITH TWO NEW ADDITIONS TO ITS THAILAND PORTFOLIO – SOMERSET RIVERSIDE BANGKOK AND LYF RIVERSIDE BANGKOK


Bangkok, Thailand, 1 August 2021 – The Ascott Limited, CapitaLand’s wholly-owned serviced
residence business unit, is proud to announce the signing of Somerset Riverside Bangkok and lyf Riverside Bangkok, in partnership with Raimon Land PLC (RML), to breach the 5000-unit inventory and 25-property milestones as part of its strategic expansion plan.

Located by the banks of the Chao Phraya River and boasting its own boat pier, both properties will have direct access to the famous river’s plethora of cafes, bars and restaurants offerings such as Asiatique, Lhong 1919, The Jam Factory, IconSiam, and at the same time enjoy easy connection to the Taksin Boat Pier, BTS Skytrain, The Gold Line and other land transport systems to reach central Bangkok as well as its world class financial, entertainment and arts districts.

Somerset Riverside Bangkok features 52 stunning guestrooms with intelligently designed living spaces, state-of-the-art in-room amenities and floor-to-ceiling windows to enhance the spectacular views of the river and the Bangkok skyline, all nestled between the 23rd to 27th floors of the award-winning condominium, The River.

Lyf Riverside Bangkok will offer 71 innovatively designed guestrooms as well as multi-functional social spaces such as 'Connect' co-working and lounge zone, a 'Bond' social kitchen, a 'Wash & Hang' laundromat, an outdoor terrace and 'Burn', a semi-outdoor fitness area. The co-living apartments are equipped with comfortable beds, ensuite bathrooms and high-speed complimentary WiFi, all designed for guests to experience more than just shared living, with access to a myriad of community activities, authentic local experiences, as well as exclusive perks and networking opportunities.

Besides its own facilities, guests from both properties will be able to access the
outstanding amenities at The River, including three infinity lap pools, a fully equipped fitness centre and two multi-purpose courts.

Mr. Brian Tan, Country General Manager for Ascott in Thailand & Laos, commented: “We are thrilled to introduce our Somerset and lyf brands to the Chao Phraya River. We look forward to injecting Ascott’s unique brand of hospitality and elevate our guests’ experience with the service we are renowned for. With the addition of these two new properties, Ascott will have 25 serviced residences and hotels in Thailand with a combined inventory of 5,011 units. We look forward to grow our footprint further in this dynamic country, and to help contribute to its recovery from the current downturn.”

Love being rewarded for travelling? Ascott Star Rewards, the world’s first loyalty program in the serviced residence industry offers full flexibility when it comes to earning and redeeming points. Members enjoy privileges including year-long discount up to 15% off Best Flexible Rates, seasonal offers of up to 50 percent discount, property opening specials, birthday discounts of up to 40%, early check-in and late check-out, as well as complimentary airport transfers, room upgrades, and breakfast*.

*Terms and Conditions apply.
For reservations or more information, please contact +66 2 204 4400, 1800 888 272 (Thailand toll-free), E-mail: [email protected] or visit www.the-ascott.com.

About The Ascott Limited

The Ascott Limited is a Singapore company that has grown to be one of the leading international lodging owner-operators. Ascott's portfolio spans more than 180 cities across over 30 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Ascott has more than 66,000 operating units and close to 46,000 units under development, making a total of more than 112,000 units in over 700 properties. The company’s serviced residence and hotel brands include Ascott, Citadines, Citadines Connect, Somerset, Quest, The Crest Collection, lyf, Préférence, Vertu, Harris, Fox, Yello and POP!. 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. Today, the company boasts over 30 years of industry track record and award-winning brands that enjoy recognition worldwide. Ascott’s achievements have been recognised internationally. Recent awards include World Travel Awards 2019 for ‘Leading Serviced Apartment Brand’ in Europe and the Middle East; Business Traveller Asia-Pacific Awards 2019 for 'Best Serviced Residence Brand'; DestinAsian Readers’ Choice Awards 2019 for ‘Best Serviced Residence Brand’; and TTG China Travel Awards 2019 for ‘Best Serviced Residence Operator in China’. For a full list of awards, please visit https://www.the-ascott.com/ascottlimited/awards.html.

About CapitaLand Limited

CapitaLand is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia.

CapitaLand’s listed real estate investment trusts are CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.

Visit www.capitaland.com for more information.


About Raimon Land

Raimon Land is Thailand’s leading developer of luxury and super-luxury real estate with numerous outstanding projects to its name.

We are the first developer in the country to provide unprecedented levels of exclusivity to our customers, based on the company’s philosophy that is encapsulated by its new vision statement - Luxury Reimagined.

We take pride as the pioneer of innovative concepts, ideas, and designs in Thailand’s luxury real estate market through our projects in Bangkok’s prime locations. Raimon Land has to date developed over 20 residential and commercial projects throughout Thailand.

Reflecting the company’s outstanding success, Raimon Land was named ‘Thailand Property Development Company of the Year’ by Frost & Sullivan Awards 2019. Visit us at www.raimonland.com


Issued by: Ascott International Management (Thailand) Limited
Website: www.the-ascott.com
Address: No.219/43, 12th floor, Asoke Towers, Soi Asoke, Sukhumvit 21 Rd., North Klongtoey, Wattana Bangkok 10110 Thailand


For more information, please contact:

Myra Regner, Director of Sales & Marketing
Tel: (66-2) 204 4341, Email: [email protected]

Sukanya Sangsrisak, Marketing Manager
Tel: (66-2) 204 4381, Mobile: (66-94) 965 5296, Email: [email protected]