ASCOTT NAMED"2011 BEST SERVICED RESIDENCE OPERATOR OF CHINA"IN STARLIGHT AWARDS FOR 5TH CONSECUTIVE YEAR

Ascott has been named “2011 Best Serviced Residence Operator of China” in the China Hotel Starlight Awards for the 5th consecutive year on 2 March 2012. This award has further strengthened Ascott’s position as the leading international serviced residence owner and operator in China.

Known as the “Oscar” of the hospitality industry in China, the prestigious Awards recognize the achievements of outstanding hoteliers, hotels, and serviced residence companies.

Along with the “2011 Best Serviced Residence Operator of China”, Mr Lee Chee Koon, Ascott’s Deputy CEO and Managing Director for North Asia, was named “2011 Top 10 Hoteliers of the Year, China”. This is the second year Mr Lee has received this award. Mr Lee said,” We are honoured to have won the prestigious awards for consecutive years. The awards have affirmed our relentless pursuit of excellence in product and service delivery over the past 28 years since Ascott opened its first serviced residence. We will continue to put the needs of our customers first, cater to their lifestyles, and push the boundaries in providing them that memorable home-away-from-home. Moving ahead, Ascott will partner with more developers to expand our network of properties so that more travellers can experience our signature hospitality.”