Frasers Hospitality forges ahead with expansion in China
SINGAPORE, 5 days ago Building on the successful launch of Fraser Residence Chengdu in mid-2020, Frasers Hospitality, a member of Frasers Property Group, is set to continue on its steady growth course in China in key Chinese gateway cities. Notable plans within the next four years include the upcoming opening of properties in first and second tier cities including the debut of Fraser Residence Chongqing, and the addition of Fraser Suites Pazhou, Guangzhou, Fraser Residence Shenzhen, Fraser Residence Nanjing, Fraser Residence Tianjin, Fraser Place Chengdu and Modena by Fraser Nanjing in cities where Frasers Hospitality has existing presence.
/ Posted on 27 May, 2021 12:45
Frasers Hospitality, a member of Frasers Property Group, will be adding seven more properties to its portfolio in China over the next four years.
The properties will be located in first- and second-tier cities and are Modena by Fraser Nanjing; Fraser Residence Nanjing; Fraser Suites Pazhou, Guangzhou; Fraser Residence Shenzhen; Fraser Residence Tianjin; Fraser Place Chengdu; and Fraser Residence Chongqing.
Occupancy rates at Fraser Residence Chengdu (above) hit a year-to-date high of 90 per cent
Frasers Hospitality currently operates 12 properties across 12 key gateway cities. The new signings will bring its total inventory in the country to over 4,500 keys.
Fraser Residence Chengdu was recently launched at the city’s Forte Financial Island Complex, providing Sichuan’s capital with high-quality serviced apartments. A grand ceremony was held on November 26, which brought together key stakeholders, media and esteemed guests.
Designed with the concept of island life, it boasts a tranquil environment by the Jinjiang River and a convenient location in downtown Chengdu.
Owned by Frasers Hospitality, a member of Frasers Property Group, Fraser Residence Chengdu has been well-received by locals and out-of-towners alike.
“Frasers Hospitality inked a strategic partnership agreement with Fosun’s affiliated company Forte early this year. The Residence that we co-built, is the first-star project that we both take pride in. It gave us the satisfaction of the trial operation in the past four months,” said Mr. Zhou Hansong, Senior Vice President of Frasers Hospitality & General Manager for North Asia.