Frasers Hospitality, a strategic enterprise unit of Frasers Property, is fortifying its worldwide enlargement by way of collaborations with capital companions and third-party lodge operators that complement its operational excellence throughout the prolonged keep section. This enterprise transformation strengthens the place of Frasers Hospitality as an investor and operator of selection throughout the long-stay lodging section.
Over the previous 18 months, on prime of its ongoing focus of opening new properties in key gateway areas, Frasers Hospitality acquired its inaugural premium rental condominium belongings in Shenzhen, China and Osaka, Japan, respectively, along with three way partnership companions.
As well as, as an extension of its present extended-stay portfolio providing, Frasers Hospitality is partnering with YOTEL to launch the model’s first YOTEL property in Japan in early 2025. The positioning was acquired and developed by Frasers Hospitality, and is strategically situated inside strolling distance to Tokyo Station, on the metropolis’s hottest eating and procuring enclave.
“In response to rising demand throughout totally different hospitality segments, Frasers Hospitality
has been evolving to bolster our place as a accomplice of selection. Given our famend hospitality excellence, the transfer to strengthen our funding capabilities to enhance
our administration experience will gasoline our future enlargement,” mentioned Eu Chin Fen,
Chief Govt Officer of Frasers Hospitality. “Our current partnership with YOTEL in Japan and joint ventures fashioned in China and Japan exemplify our means to forge robust alliances with trade leaders. Concurrently, we proceed to deepen our presence in present cities with extra properties slated to open within the subsequent few years, together with Fraser Residence Taipei that we introduced final month.”
Frasers Hospitality opened three new properties in Bahrain, Chengdu and Shanghai within the first half of 2024. An extra 9 properties are scheduled to open within the subsequent two years throughout China and Vietnam.
Latest openings by Frasers Hospitality embody:
Modena by Fraser Nansha Guangzhou
Modena by Fraser Nansha Guangzhou sits inside Unipark Nansha, a life-style vacation spot providing a myriad of procuring, eating and leisure choices, in addition to handy entry to 5 nationwide railways, 4 inter-city tracks, and 5 subway traces.
Launched on 1 July 2024, the property options 150 absolutely furnished studios and one- to two- bed room suites every geared up with a kitchenette excellent for households and {couples}. Complementing the keep expertise are services reminiscent of an all-day eating restaurant, assembly rooms, recreation lounge, health centre, and yoga room.
Fraser Place Wujiaochang Shanghai
Opened on 15 June 2024, Fraser Place Wujiaochang Shanghai is strategically situated in
the core space of Yangpu District’s New Jiangwan Metropolis, adjoining to the Wujiaochang City Sub-centre and near Fudan College’s New Jiangwan Campus.
That includes 210 fashionable, fashionable visitor rooms and suites, eating house, an indoor pool, and a health centre, Fraser Place Wujiaochang Shanghai provides a comfy home-away-from-home for short-term and long-term stays.
With entry to Shanghai’s main pure ecological inexperienced areas and 4 main ecological parks, the world is house to quite a few web giants, high-tech innovation enterprises, multinational company headquarters, and famend world universities.
Fraser Place Chengdu
Nestled within the vibrant coronary heart of Gaoxin District, Chengdu’s bustling enterprise hub,
Fraser Place Chengdu opened its doorways on 28 March 2024 and is situated throughout the prestigious Chengdu Poly Worldwide Plaza.
Steeped in magnificence, Fraser Place Chengdu epitomises the dynamism and affluence of a vibrant, fashionable metropolis on the rise. The property is seamlessly linked to a contemporary combined improvement – Chengdu Poly Time Version and is inside a brief distance to World Centre Chengdu, SKP Chengdu, and Chengdu Yintai Centre with an array of retail, eating, and leisure choices.
Boasting 238 meticulously designed models, starting from studio deluxe king to three-bedroom government flats, the property additionally options an all-day restaurant, gymnasium,
yoga studio, sauna, indoor swimming pool, residents’ lounge, and a gathering room.
Fraser Suites Al Liwan Bahrain
Opened on 18 February 2024, Fraser Suites Al Liwan Bahrain is Frasers Hospitality’s third serviced residence within the Kingdom of Bahrain. The 63-room property contains a vary of premium-designed one-, two- and three-bedroom condominium suites, every furnished with a kitchen, excellent for enterprise and leisure travellers on the lookout for a home-away-from-home expertise. Eating choices embody a foyer café providing scrumptious pastries, and quite a lot of cuisines to select from on the close by mall.
Strategically situated within the vibrant Al Hamala neighbourhood, a suburban space within the northwestern area of the principle island, Fraser Suites Al Liwan Bahrain is situated near Dumistan Seashore, Sakhir Desert in Al Riffa and Zallaq city, house to the Al Zallaq Mosque. The UNESCO world heritage website, Dilmun Burial Mounds, is well accessible.
Premium Rental Residences in Shenzhen, China and Osaka, Japan
In Could 2023, Frasers Hospitality made its maiden acquisition of premium rental condominium belongings in China and Japan with a mixed asset worth of roughly S$170 million.
The 325-unit premium rental condominium in Shenzhen, China, is a leasehold asset collectively acquired with Tishman Speyer located within the coronary heart of the Luohu business and procuring district. Inside strolling distance of the closest prepare station, the property is well-positioned to learn from Luohu’s strategic location as a key transportation hub between Shenzhen and Hong Kong in addition to the district’s future development potential with the launch of Luohu’s city renewal plans within the subsequent decade.
The 124-unit premium rental condominium in Osaka, Japan, is a freehold asset acquired by way of a three way partnership with Alyssa Companions. It’s located within the Namba precinct, a significant business district in Osaka, and is inside strolling distance of the closest subway station.
The acquisitions add to Frasers Hospitality’s increasing portfolio in North Asia with shut to three,400 models in 16 properties throughout China, Japan, and South Korea.
Trying Forward
Over the following 4 years, Frasers Hospitality will open one other 20 properties, together with the 9 properties scheduled to open over the following two years, because it continues to experience on the journey restoration trajectory post-pandemic.
Spanning an intensive lodging providing throughout Asia Pacific, Europe, the Center East, and Africa, Frasers Hospitality strives to proceed being the popular selection for visitors and travellers with innovation and personalised service choices by anticipating prospects’ evolving expectations.
