82
Ascott Residence Trust
Annual Report 2015
Spain
Ascott Reit owns one freehold serviced residence in
Barcelona under the Citadines brand. The 131-unit
Citadines Ramblas Barcelona is located on the famous
Las Ramblas boulevard, a top tourist and entertainment
district in downtown Barcelona.
The average length of stay at the property is less than
one month.
Property
1
Units
131
Total Revenue (2015)
S$7.3 million
Total Gross Profit (2015)
S$3.3 million
Valuation as at
31 December 2015
S$52.7 million
Citadines Ramblas Barcelona
Operations Review
