CapitaLand Investment Limited‘s wholly owned lodging division, The Ascott Limited (Ascott), has unveiled its latest Apart’hotel, Citadines Arpora Nagoa Goa. The property is dedicated to redefining relaxation and ensuring an unmatched experience for its guests.
The Ascott Limited stands out as a premier international lodging owner and operator, boasting a presence in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA. Offering a diverse range of serviced apartments, apart’hotels, co-living spaces, and hotels, its brands include Ascott the Residence, The Crest Collection, Somerset, Quest, Citadines, Lyf, Preference, Vertu, Harris, Citadines Connect, Fox, Yello, Fox Lite, and POP!
Ascott has solidified its position as a global leader in hotel apartments, with a portfolio exceeding 162,000 units spanning 940 properties. Following the Oakwood acquisition last year, Ascott has expanded its footprint in India to include six properties in Bangalore, Hyderabad, Pune, and Chennai. Based in Singapore and publicly traded, CapitaLand Investment Limited (CLI) is a prominent global real estate investment manager (REIM) with a strong presence in Asia.
As of September 30, 2023, CLI managed S$133 billion in real estate assets and S$90 billion in real estate funds through six listed real estate investment trusts and business trusts, as well as over 30 private vehicles across Asia Pacific, Europe, and the USA. CLI’s real estate portfolio is diverse, encompassing retail, office, lodging, business parks, industrial, logistics, and data centres.
This launch represents a significant step in Ascott’s expansion strategy, particularly in new regions of India. The event was attended by key figures including Hoshang Garivala, Country General Manager of The Ascott Limited India, Rohan Rakendath, Area General Manager of Ascott International Management India, and Ravi Michael, General Manager of Citadines Arpora Nagoa Goa, along with property owners Hira Kalani, Dinesh Chuttani, and Tarun Shah.
With its sunny beaches, lively culture, and an everlasting spirit of festivity, Goa enchants travelers worldwide, making it a perfect investment spot for the hospitality industry. Positioned in the central Nagoa zone of North Goa, along the renowned Calangute-Mapusa Road, Citadines Arpora Goa embodies Goa’s lively culture, offering a retreat for both leisure and business travelers. The introduction of this establishment will enhance the blend of contemporary elegance and Goan allure, safeguarding the lively local community and the state’s rich cultural legacy.
Ascott views the Goa market as crucial, offering a promising prospect for expansion and brand exposure. With Goa’s tourism sector adapting to shifting preferences, Ascott intends to leverage this trend by catering to the rising interest in experiential travel among both local and international visitors. The State Government’s initiatives to boost specialized tourism segments like wellness, spiritual, weddings, MICE, hinterland, and ecotourism will also support Ascott in broadening its footprint in the area.
Hoshang Garivala, Country General Manager of The Ascott Limited India, expressed his excitement about the launch, stating, “The introduction of Citadines Arpora Nagoa Goa is a significant step for us in this crucial market, aiding our regional growth strategy. This new addition to the Ascott family is a testament to our ongoing commitment to providing exceptional hospitality. Our goal is to create a sanctuary that seamlessly blends serviced residences with Goa’s enchanting essence.”
“At Ascott, our core values of comfort, innovation, and genuine hospitality guide our commitment to transforming the hospitality industry. The exciting launch of Citadines Arpora Nagoa Goa highlights our commitment to offering guests a new way to experience Goa, whether for business or leisure. With our growing footprint in India, we believe that the blend of elegant design and innovative facilities at this property will raise the bar for tourism and hospitality in Goa,” stated Rohan Rakendath, Area General Manager, The Ascott Limited India.
“Goa’s hospitality and tourism sector is experiencing dynamic growth on both global and national scales. We are confident that our property will not only enhance its vibrant atmosphere but also establish new standards in luxury accommodation. Our team is committed to providing a world-class hospitality experience for all our guests,” stated Ravi Michael, General Manager of Citadines Arpora Nagoa Goa.
“This addition represents a significant milestone in our business journey, expanding our offerings to meet the increasing demands of both business and leisure travelers. As we unveil this new establishment, we warmly invite guests to enjoy the blend of comfort and Goa’s coastal charm. Our goal is to create authentic experiences that showcase the region’s beauty, heritage, and culture,” added Anup Kumar, Director of Sales & Marketing at The Ascott Limited India.
Citadines Arpora Nagoa Goa is an energetic establishment tailored to meet the requirements and preferences of both international and domestic travelers. Encircled by historic forts, charming cafes, and tranquil beaches, this 50-unit Apart’hotel property boasts meticulously crafted rooms and contemporary communal areas, all constructed to the highest standards.
Each apartment is fully furnished with a modern kitchen, private bathrooms, separate work and leisure spaces, and a private balcony, allowing residents to enjoy the luxury of fresh air in their own quarters. The property also provides a variety of leisure activities, including a swimming pool, spa, and gym. Guests can indulge in Symphony, an all-day dining restaurant offering global cuisine, as well as a lounge bar and alfresco dining area.
