Ascott has secured a contract from Ascott Residence Trust to manage the 43-unit Somerset Gordon Heights, currently known as Shoan Heights, located in Melbourne’s Central Business District for five years, with the option to renew the contract for another five years.

Australia is an important market for the Group which currently operates seven properties in Hobart, Melbourne and Sydney. Melbourne is not only a popular location for meetings, incentive travel, conventions and exhibitions, it is also an attractive destination for major international sporting events. As such, this Australian city is able to attract a steady flow of business and leisure travellers alike.

The five-storey serviced residence is situated at 19-25 Little Bourke Street. It is a short five-minute walk away from the Bourke Street tram stop, and is surrounded by theatres, restaurants, cafés, department stores and government buildings including the State Parliament.