Paras Buildtech, one of India’s leading developers, along with CapitaLand Investment Limited’s wholly-owned lodging business unit The Ascott Limited (Ascott) has announced the opening of Citadines Paras Square Gurugram, its newest apart’ hotel, marking Ascott’s expansion in North India, offering business travelers a redefined experience. Citadines Paras Square, located in sector 63A Gurugram, is part of Paras Square, a mixed-use development by 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. The apart’hotel features 94 fully-equipped studios, one-bedroom, and two-bedroom apartments, catering to both business and leisure travellers. The fully-equipped kitchenettes and on-site amenities offer the perfect blend of work and personal time: meeting space, fitness center, an all-day dining multi-cuisine restaurant, refreshing outdoor swimming pool, guest lounge, bar, and laundry services, amongst others.
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’re confident 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.”
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Vincent Miccolis, Managing Director of Middle East, Africa, Turkey & India for Ascott, said, “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 11-13 per cent revenue growth in 2024-25. 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, fueled 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.”
Citadines Paras Square Gurugram marks as the first hotel in North India under Ascott India’s portfolio, which now boasts a total of 18 properties across Bangalore, Hyderabad, Pune, Goa and Chennai. The aparthotel offers a variety of room options for seamless short or extended stays, with ADA-compliant facilities ensuring accessibility for all guests.