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</html>";s:4:"text";s:8494:"From this concept, Quest was born. Quest was born from humble beginnings in 1988, with one property in Fitzroy, on the fringe of Melbourne’s central business district. The synergies to be realised in the global and national cross-selling network will not only widen Ascott’s customer reach in Australasia, Quest’s customers will also have access to Ascott’s properties globally given the complementary geographical presence. That could be anything from remembering your name each time you stay with them, to giving you advice on the best local haunts only the locals know about.At Quest, we are confident that our philosophy of continuous improvement in our business model, franchising and guest services, will keep us in the leadership position we have enjoyed for many years. With the addition of Quest Cannon Hill, Ascott currently owns and manages 10 serviced residences with over 1,300 apartment units in Brisbane, Greater Sydney, Hobart, Melbourne and Perth under the Citadines, Somerset and Quest brands. Coworking Hotels: A Productive Combination. CapitaLand’s wholly owned serviced residence business, The Ascott Limited (Ascott), is acquiring an additional 60% stake in Quest Apartment Hotels (Quest) for A$180 million (S$191 million). For a full list of awards, please click here. Franchise, management contracts, investments, and strategic alliances will continue to be key strategies to solidify Ascott’s lead as we work towards exceeding our target of 80,000 units globally by 2020.”. Quest also has a strong talent bench that could contribute to Ascott’s global expansion plan.”, Mr Lee added: “With Ascott’s investment in Quest, we can count on our joint capabilities to tap more pipeline opportunities for turnkey delivery of new-build projects as well as ready-operating properties with incumbent leases in Australasia. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide. Recent awards include World Travel Awards 2017 for ‘Leading Serviced Apartment Brand’ in Asia; DestinAsian Readers’ Choice Awards 2017 for ‘Best Serviced Residence Brand’; TTG China Travel Awards 2017 for ‘Best Serviced Residence Operator in China’; Business Traveller Asia-Pacific Awards 2016 for ‘Best Serviced Residence Brand’; Business Traveller Middle East Awards 2016 for ‘Best Serviced Apartment Company’; Business Traveller UK Awards 2016 for ‘Best Serviced Apartment Company’ and Business Traveller China Awards 2016 for ‘Best Serviced Residence Brand’. Paul founded Quest in 1988 and has built the business to be the largest serviced apartment group in Australasia. The combination of flexible accommodation and services make our guests feel like they never left home. Coupled with extensive design, development and operational capabilities, the Group develops and manages high-quality real estate products and services. Besides entrenching Ascott’s presence in the developed and stable market of Australia, we will be able to capitalise on the established Quest brand and its highly scalable business format franchise systems and know-how, and further apply the franchise platform as a driver of growth for Ascott.”. Book Online at Quest Apartment Hotels. They pride themselves on offering a personalised service and aim to make sure you have everything you need for a comfortable stay. Since then, Quest has emerged to become the largest and most successful apartment hotels brand in Australasia. The aquisition will increase Ascott’s stake in Quest from its current 20% to 80%, propelling Ascott to become the largest serviced residence provider in Australasia. They are located in central business districts, suburban and regional areas with close proximity to head offices, business centres and key tourist destinations. "They are mum and dad retirees, they are not wealthy people," said lawyer Tania Waterhouse, who owns one of the apartments and has been representing 40 fellow owners at Quest Potts Point. When Quest was established, accommodation options available to travellers were limited mainly to hotels and motels. That’s why Apartment Hotels are an excellent option. You must have JavaScript enabled to use this form. The company operates three award-winning brands – Ascott, Citadines and Somerset, along with The Crest Collection and lyf. A Quest apartment hotel is your home or office away from home, complete with separate living, dining and sleeping areas, separate work stations and fully equipped kitchens and laundry facilities. CapitaLand’s competitive advantage is its significant asset base and extensive market network. Today, travellers choose Quest, which is widely recognised for providing spacious and convenient accommodation for guests travelling for extended periods of time. Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. Quest attracts guests who stay for days, weeks or months at a time. Quest was born from humble beginnings in 1988, with one property in Fitzroy, on the fringe of Melbourne’s central business district. With 180 properties located in regional and metropolitan areas across Australia, New Zealand and Fiji, the acquisition will boost Ascott’s portfolio by over 11,000 units to more than 67,000 units across 507 properties and 124 cities globally. Spacious and comfortable studio, one and two bedroom apartments, in the heart of Mascot.  Quest Apartment Hotels has over 170 properties in Australia, New Zealand and Fiji. Ascott’s achievements have been recognised internationally. Paul Constantinou Chairman, Quest Apartment Hotels. Mr Paul Constantinou, Chairman of Quest Apartment Hotels, said the investment sees Quest joining one of the world’s leading serviced residence networks, offering Quest guests the benefit of true global reach across 29 countries in the Americas, Asia Pacific, Europe and the Middle East. Quest is a member of The Ascott Limited (Ascott), a Singapore company that has grown to become one of the leading international lodging owner-operators. In mid-2016, Ascott acquired the 221-unit Quest NewQuay Docklands in Melbourne for A$71 million (S$71 million). “The company now has the capability to offer customers a true global accommodation solution for both transient and extended stay requirements, and will allow Quest to fast track the growth of the brand as a unique franchising platform into global markets.”. Quest NewQuay Docklands will be Quest’s largest property in its network when it opens in 2019. The Quest group of franchisees have been given an injection of $500 million after signing a strategic partnership with one of the world's largest serviced apartment owner-operators, the Singapore-based Ascott Limited. It will be named Quest Cannon Hill and operated as a Quest franchise when the property opens in 2018. By clicking send message I agree to the terms and conditions, privacy policy and to receive correspondence from The Hotel Conversation and Williams Media. The Quest logo and brand name represent an ongoing journey to achieve the highest levels of personal and professional success. Present across more than 140 cities in about 30 countries, the Group focuses on Singapore and China as core markets, while it continues to expand in markets such as Vietnam and Indonesia. Established in Melbourne, Victoria in 1988, the growth of Quest has been achieved through its commitment to meeting the accommodation needs of the extended stay business traveller. Spanning more than 170 cities across over 30 countries, Ascott’s other serviced residence and hotel brands include Ascott, Citadines, Citadines Connect, Somerset, The Crest Collection, lyf, Préférence, Vertu, Harris, Fox, Yello and POP!. For more information on CapitaLand and Ascott, please visit www.capitaland.com and www.the-ascott.com. For more information on Quest Apartment Hotels, go to www.questapartments.com.au. Accommodation in Mascot. The Ascott Limited is a Singapore company that has grown to be one of the leading international serviced residence owner-operators. Ascott’s portfolio spans more than 100 cities across 29 countries. Ascott will enjoy the recurring franchise fees that Quest earns from its franchise properties and enhance the stability of our portfolio income as well as return on equity.”. 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