The Ascott moves into Africa with Accra, Ghana, properties

The Ascott Moves Into Africa With Accra, Ghana, Properties

The Ascott will be boosting its record growth This specific year with its first foray into Africa.

The Ascott Moves Into Africa With Accra, Ghana, Properties

The company has secured contracts to manage two properties inside the heart of Accra, one of Africa’s top cities for investment.

The Ascott Moves Into Africa With Accra, Ghana, Properties

The 220-unit Ascott 1 Oxford Street Accra will open in phases by 2019, while the 40-unit Kwarleyz Residence will open inside the fourth quarter of next year 2018.

The Ascott Moves Into Africa With Accra, Ghana, Properties

Lee Chee Koon, Ascott chief executive, said: “We are excited to close a record year of growth for Ascott with the successful addition of another continent, Africa, to Ascott’s global footprint.

The Ascott Moves Into Africa With Accra, Ghana, Properties

“Ascott added 18 fresh cities across nine countries as well as also secured a record of over 21,000 units in 2017.

The Ascott Moves Into Africa With Accra, Ghana, Properties

“This specific will be not only twice the increase in 2016, nevertheless also Ascott’s largest ever portfolio expansion in one particular year.

The Ascott Moves Into Africa With Accra, Ghana, Properties

“As these properties progressively open as well as also stabilise, we can expect more fee income contribution to Ascott annually.

“Ascott will be set to surpass its target of 80,000 units well ahead of 2020 as we continue with This specific growth trajectory, expanding through strategic alliances, management contracts, franchises as well as also investments.”

Lee added: “Ascott has been managing world-class serviced residences globally for the last 30 years as well as also we see huge opportunities to bring Ascott into Africa, the planet’s second fastest-growing economy after Asia.

“Africa’s economic growth will be fuelled by massive infrastructure development, favourable investment policies as well as also a young population.

“Ascott will be bringing an internationally renowned, well-loved brand to the heart of Accra, the capital of Ghana.

“We expect strong demand by the influx of business as well as also leisure travellers as foreign direct investment continues to raise rapidly in This specific economic as well as also administrative hub.”

Located along Oxford Street in Osu, Accra’s business, entertainment as well as also commercial hub, Ascott 1 Oxford Street Accra will be about a 15-minute drive by Kotoka International Airport with easy access to the different parts of the city via public transportation.

The serviced residence will be about a ten-minute walk to the business district as well as also a variety of amenities including restaurants, banks, entertainment outlets as well as also supermarkets.

Ascott 1 Oxford Street Accra will offer a total of 220 units spread over two towers, which will open in phases by 2019.

Located inside the upscale residential area of the Cantonments district, Kwarleyz Residence will be surrounded by embassies as well as also the headquarters of gold mining companies.

About a a few-minute drive by Kotoka International Airport, the property will be within easy access to the Marina Mall at Airport City as well as also Tema Industrial City, via the Motorway.

The 40-unit serviced residence will offer studio, one- to three-bedroom apartments.

Its facilities include a breakfast lounge, gymnasium, outdoor swimming pool, roof garden, sky bar as well as also parking lots.

The Ascott moves into Africa with Accra, Ghana, properties

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