CapitaLand Investment Limited’s wholly owned lodging business unit, The Ascott Limited (Ascott), today announced the grand opening of Citadines Paras Square Gurugram, which marks Ascott’s debut in North India. Offering business travellers an exceptional stay experience that blends relaxation with unparalleled service, Citadines Paras Square Gurugram was inaugurated in the presence of key leaders – Vincent Miccolis, Managing Director, Middle East, Africa, Turkey and India, Ascott; Hoshang Garivala, Country General Manager, India, Ascott, Rohan Rakendath Area General Manager, Ascott International Management India; Deepti Kamra, Hotel Manager, Citadines Paras Square Gurugram; Harindra Nagar, Managing Director, Paras Buildtech; Aman Nagar, Joint Managing Director, Paras Buildtech; and Kunal Rishi, Chief Operating Officer, Paras Buildtech.
Citadines Paras Square Gurugram boasts of a prime location in the heart of Gurugram’s dynamic commercial hub, offering scenic views of the Aravalli Hills and convenient access to Delhi-NCR via highways and metro. Catering to both business and leisure travellers, the aparthotel features 94 beautifully appointed units, ranging from studios and one-bedroom to two-bedroom apartments, that come with fully equipped kitchenettes. Offering the perfect blend of work and play, the property’s exceptional array of amenities include state-of-the-art meeting spaces, a fitness centre, an all-day dining multi-cuisine restaurant, an outdoor swimming pool, a guest lounge and a bar, amongst others.
Miccolis said, “We are thrilled to unveil Citadines Paras Square Gurugram in the heart of India’s Millennium City. Gurugram is experiencing phenomenal growth, and this expansion is part of our goal to capture a larger share of India’s dynamic hospitality market, which is expected to clock 11 to 13 per cent in revenue growth within these two years. India is a key driver of our global growth footprint, with a target of opening 10 new properties in India by 2027. This ambitious target reflects our strong belief in the immense potential of the Indian hospitality market, fuelled by a booming economy, rising disposable incomes, and a growing demand for serviced residences. The opening of Citadines Paras Square Gurugram marks a significant milestone in this exciting journey.”
He further added, “Citadines Paras Square Gurugram caters to the modern business traveller, who values flexibility and convenience. Catering for short and extended stays, the property offers the cosy comforts of a serviced apartment, elevated with the convenience of hotel services and facilities.“
Kunal Rishi, COO Paras Buildtech said, “We at Paras Group are delighted to partner with The Ascott Limited for the launch of the first Citadines of North India at Paras Square Gurugram. This innovative offering caters directly to the evolving needs of Gurugram’s burgeoning Global Capability Center (GCC) and technology hub clientele. By providing a strategically located, fully-serviced residence solution with exceptional amenities, we are confident that Citadines Paras Square Gurugram will become the preferred accommodation partner for these businesses and their mobile workforces. This aligns perfectly with our vision to contribute to the growth of the hospitality landscape of the region.“
Citadines Paras Square Gurugram is the first property in North India under Ascott’s portfolio, which now boasts a total of 18 properties both operating and in the pipeline across Bangalore, Hyderabad, Pune, Goa, Chennai and Gurugram.