Singapore’s Frasers Hospitality is expanding into Indonesia for the first time. It has announced plans for 270 luxury service apartments and penthouses to be housed within the Ciputra World Jakarta development (picture), which is slated for completion by mid-2011.
Fraser Suites Jakarta will be located in a 30-storey tower, with leisure and fitness facilities such as a swimming pool, tennis courts and playgrounds.
Mr Choe Peng Sum, Frasers Hospitality chief executive, said: “Jakarta provides a unique gateway opportunity into Indonesia for Frasers Hospitality in light of the Indonesian capital’s rising affluence and globalisation business trends.
Source : Today – 27 May 2008