Somerset Hoa Binh, Hanoi
CORPORATE.........................................................................................................................

The Ascott Group (Ascott) has opened four new serviced residences in four countries across three regions in the first two weeks of June. The four new properties are each located in Australia, Vietnam, Thailand and Qatar.

Ascott has added a new city, Perth, to its global footprint with the opening of Somerset St Georges Terrace. The other three new serviced residences are Somerset Hoa Binh in Hanoi, Citadines Sukhumvit 8 in Bangkok and Somerset West Bay in Doha.

The opening of these properties adds to the two properties Ascott opened early this year, bringing the total to six opened in the first half of 2008. The two serviced residences which Ascott opened in China early this year were Ascott Guangzhou and Somerset Emerald City, Suzhou.