Ascott Opens Citadines Islington London

Ascott has expanded its portfolio of hotels in England with the opening of the Citadines Islington London.

The property was acquired in April 2016 through Ascott’s serviced residence global fund with the Qatar Investment Authority.

The 108-unit serviced residence has been delivered by privately held real estate investment firm Cain International. It is located in Islington Square, a new multi-faceted destination and heritage site that includes shops, residences, offices, an upscale cinema, gym and more – all spaciously distributed across newly formed ‘streets’ conceived by architect Piers Gough of CZWG.

Housed in an Edwardian building that was once a Royal Mail Sorting Office, Citadines Islington London features four stylish and contemporary apartment types.

Mr Lee Ngor Houai, Ascott’s Managing Director for Europe, said, “Citadines is our fastest growing brand globally, and this new opening is the latest milestone in our expansion plans for Ascott. Ascott’s serviced residences that cater primarily to the long-stay segment have proven to be resilient amid the COVID19 situation. We have been providing accommodation to healthcare workers and guests seeking alternative work-from-home locations. We expect demand for accommodation to pick up with gradual reopening of international borders.”

 London is a key area of development for the group. The company has more than 900 units in London, which will increase by a further 300 units when Ascott’s next property, the Citadines Wembley London, opens next year. By 2023, Ascott plans to add over 800 new units across Europe.

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