The Ascott Group has bagged a contract from Ascott Residence Trust (ART) to manage Ascott Makati, located at Ayala Center Glorietta in Manila CBD area. The former Oakwood Premier Ayala Center serviced residence was acquired by ART last year, and was rebranded in March 2007.

Ascott Makati is a 21-storey building with two towers of serviced residences. The 306-unit property has comprehensive facilities such as a fitness centre, gymnasium, swimming pool, business centre, meeting rooms, tennis courts and a restaurant.

With improving FDI and increasing business travellers into the Philippines, the Group is confident in capturing a larger market share. Ascott is the largest branded serviced residence operator in Manila. With the addition of Ascott Makati, the Group’s portfolio in the country stands at four properties with a total of 728 units.