ASCOTT has clinched contracts to manage two properties in Chengdu and Beijing.

The 181-unit Ascott Financial City Chengdu, the first Ascott-branded serviced residence in the capital of Sichuan province, is slated to open in 2014. The 187-unit Somerset Wangjing Beijing is scheduled to open in 2013.

Lee Chee Koon, Ascott’s managing director for North Asia, said: “We are pleased to secure two more management contracts, which add over 360 apartment units to our portfolio. Ascott will now have around 7,000 apartment units in 38 serviced residences, across 16 cities in China.”

With the latest additions, Ascott is on track to achieve 12,000 apartment units in the country by 2015.

Ascott Financial City Chengdu will offer a range of accommodation options from studios to four-bedroom apartments. Facilities include a swimming pool, a gym, a spa and sauna, a children’s playroom, a business centre, a meeting room and a reading lounge.

Somerset Wangjing Beijing, located in the Wangjing business area within Chaoyang District, will offer studios, one-, two- and three-bedroom apartments. Facilities include a gymnasium, a swimming pool, a business centre and a meeting room.