08.08.2011 - India is focus for world's largest serviced residence operator
Ascott, which calls itself the world's largest serviced residence owner-operator, is expanding its footprint in India in cities like Mumbai, Delhi and Pune, adding to its $250 million investment in seven upcoming properties. "India is an important market for us. There is a big untapped demand but limited supply of serviced residences," said Ronald Tay, the chief investment officer of the Singapore-based company.............................................Full Article: Source
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