Singapore-based hospitality firm and ASAP Member Ascott has won a contract to manage 90 serviced apartments developed by realty firm Paras Buildtech in Gurugram, Haryana.
Citadines Paras Square Gurugram, located within a mixed-use development project. will be operational in the second quarter of 2020. The company will also manage IREO’s serviced apartments in Gurugram which will be operational this year.
India is a key market for Ascott, and it operates two operational serviced apartment projects in Chennai comprising about 450 keys with plans for seven more in India, taking its number of total keys to around 1,500.