As­cott brings Ci­tadines to US

Travel Daily ME - - News -

As­cott has ac­quired a ho­tel on New York’s Fifth Av­enue, which will be re­launched as a ser­viced res­i­dence. The 125-unit Ho­tel Cen­tral Fifth Av­enue New York has been se­cured for US$150 mil­lion, and will now un­dergo ren­o­va­tion ahead of its re­open­ing as the Ci­tadines Fifth Av­enue New York in 2018. It will mark the de­but of As­cott’s Ci­tadines brand in the US, and in­creases As­cott’s port­fo­lio in the Amer­i­cas to more than 1,100 units across five prop­er­ties.

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