ASCOTT OPENS THE CHIC HOTEL PRAVO AT THE HEART OF VIBRANT TSIM SHA TSUI

Hong Kong, 15 June 2015 – CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has opened the chic Hotel Pravo at the junction of Peking Road and Ashley Road in Tsim Sha Tsui, Hong Kong, providing business and leisure travellers the ultimate retreat at the heart of the bustling city. The 92-unit Hotel Pravo is Ascott’s fourth property to open in Hong Kong.

With a prime location in Hong Kong’s well-known commercial, entertainment and shopping district, Hotel Pravo provides guests with easy access to a wide array of fashion finds, culinary treats and sights to discover. In addition, Hotel Pravo offers guests distinct experiences in its spacious rooms, stylishly designed under varied themes that exude sophistication and a welcoming ambience.

Together with Citadines Ashley, Somerset Victoria Park and The Mercer, Hotel Pravo will offer travellers to Hong Kong a diverse range of quality accommodation options to suit their lifestyles.

Mr Vincent Ting, Ascott’s Senior Vice President for Corporate Operations, North Asia, said: “As the world's largest international serviced residence owner-operator, Ascott has built a strong global sales network, design capabilities, and extensive experience in managing properties worldwide for over 30 years. Our latest property, Hotel Pravo, offers travellers exceptional services and contemporary living experience in a strategic location where they can easily explore Hong Kong.”

Mr Ting added: “Since our first property in Hong Kong, Citadines Ashley, opened in Tsim Sha Tsui in 2006, it has been performing well with high occupancy of above 90%. Last year, we also opened The Mercer at Sheung Wan and Somerset Victoria Park at Causeway Bay. As Hong Kong is a key gateway city in Asia for foreign direct investments where many Fortune 500 companies are based, we continue to see the potential for Ascott to grow our presence in Hong Kong, and expect strong demand for international-class accommodation from expatriates and travellers.”

Choice location at the heart of Hong Kong’s city centre

Hotel Pravo is situated right next to the beautiful Victoria Harbour, T Galleria, Duty Free, SOGO and iSquare shopping malls. Surrounded by restaurants serving different cuisines, the property is less than a five-minute walk from Tsim Sha Tsui MTR and a few steps away from the ferry terminal, enabling guests to conveniently connect from Hong Kong to Macau and the mainland cities.

Stylish rooms with modern conveniences

Guests can choose from a range of deluxe rooms to luxury suites, each stylishly designed under one of the five different themes such as feminine pink, rock-and-roll black, mysterious purple, pastels and classy gold. Selected suites also offer an amazing view of the city from a private balcony, and the luxury suites even come with a jaccuzi. Besides a spacious living area and well-equipped bathrooms, Hotel Pravo also provides fitness facilities, complimentary high-speed WiFi, daily housekeeping service and 24-hour security.

Opening special offers up to 30% savings

To celebrate the opening of Hotel Pravo, Ascott is now offering promotional rates starting from HKD847nett per night for stays till 30 September 2015. For reservations and more information, please visit www.ascottchina.com. Make bookings on Ascott’s website for Best Rate Guarantee and sign up as an Ascott Online Advantage member to enjoy an additional 10% off.